Jun, 30, 2024 — NORWICH TELOPS FEDERAL CREDIT UNION is a federal credit union headquartered in NORWICH, NY with 1 branch location and about $12.02 million in total assets. Opened 57 years ago in 1968, NORWICH TELOPS FEDERAL CREDIT UNION has about 1,102 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORWICH TELOPS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 11 E Park Pl NORWICH, NY 13815-1434 |
| Phone: | (607) 336-4988 |
| Fax: | (607) 336-4999 |
| Website: | https://www.norwichtelopsfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,102 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18620 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,022,522 |
| CEO/Manager: | Sheryl A Harmon |
| Chairperson: | Marie A Dykstra |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,862,851 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,071,866 |
| Other Loans | 4,162,474 |
| TOTAL LOANS | 5,234,340 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -873 |
| Land And Building | 0 |
| Other Fixed Assets | 6,499 |
| NCUSIF Deposit | 96,955 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,022,522 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,354 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,346,604 |
| Regular shares | 7,113,921 |
| All Other Shares & Deposits | 1,483,815 |
| TOTAL SHARES & DEPOSITS | 10,944,340 |
| TOTAL LIABILITIES | 10,948,694 |
| Regular Reserve | 0 |
| Other Reserves | 130,579 |
| Undivided Earnings | 943,249 |
| TOTAL EQUITY | 1,073,828 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,022,522 |
| INCOME & EXPENSE | |
| Loan Income | 218,988 |
| Investment Income | 25,072 |
| Other Income | 50,277 |
| Total Employee Compensation & Benefits | 194,719 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 98,461 |
| Non-operating Income & (Expense) | 23,781 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -8,777 |
| Cost of Funds | 19,399 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,316 |
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