Jun, 30, 2024 — UNITED TELETECH FINANCIAL FEDERAL CREDIT UNION is a federal credit union headquartered in TINTON FALLS, NJ with 6 branch locations and about $309.56 million in total assets. Opened 57 years ago in 1967, UNITED TELETECH FINANCIAL FEDERAL CREDIT UNION has about 24,219 members and employs 62 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED TELETECH FINANCIAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 205 Hance Ave TINTON FALLS, NJ 07724 |
| Phone: | (732) 530-8100 |
| Fax: | (732) 530-2027 |
| Website: | https://www.utfinancial.org |
| Branches: | 6 branch locations |
| Members: | 24,219 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18195 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $309,562,780 |
| CEO/Manager: | LEO R ARDINE |
| Chairperson: | RUTH A KLUIN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,207,691 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 148,243,045 |
| Unsecured Loans | 13,744,880 |
| Other Loans | 51,920,783 |
| TOTAL LOANS | 213,908,708 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,052,022 |
| Land And Building | 1,504,561 |
| Other Fixed Assets | 1,501,958 |
| NCUSIF Deposit | 2,851,619 |
| All Other Assets | 1,482,000 |
| TOTAL ASSETS | 309,562,780 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,894 |
| Notes & Interest Payable | 2,000,000 |
| Accounts Payable & Other Liabilities | 995,069 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 99,655,803 |
| Regular shares | 120,291,847 |
| All Other Shares & Deposits | 73,066,999 |
| TOTAL SHARES & DEPOSITS | 293,014,649 |
| TOTAL LIABILITIES | 296,033,612 |
| Regular Reserve | 0 |
| Other Reserves | -10,522,762 |
| Undivided Earnings | 24,051,930 |
| TOTAL EQUITY | 13,529,168 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 309,562,780 |
| INCOME & EXPENSE | |
| Loan Income | 5,715,302 |
| Investment Income | 1,067,694 |
| Other Income | 1,404,773 |
| Total Employee Compensation & Benefits | 4,115,753 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,003,739 |
| Non-operating Income & (Expense) | 1,448,797 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 118,290 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,049,341 |
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