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NEW HAVEN TEACHERS FEDERAL CREDIT UNION

Dec, 31, 2020 — NEW HAVEN TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in New Haven, CT with 1 branch location and about $10.04 million in total assets. Opened 87 years ago in 1934, NEW HAVEN TEACHERS FEDERAL CREDIT UNION has about 1,215 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:NEW HAVEN TEACHERS FEDERAL CREDIT UNION
Address:
(Main Office)
90 Hamilton St
New Haven, CT 06511
Phone:(203) 865-4334
Fax:(203) 624-9849
Website:n/a
Branches:1 branch locations
Members:1,215
Credit Union Type:Federal Credit Union
Charter Number:19
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1934
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$10,040,837
CEO/Manager:Peter Persano
Chairperson:Thomas McCarthy

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 985,207
TOTAL INVESTMENTS 8,106,299
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 415,824
 Other Loans 478,075
 TOTAL LOANS 893,899
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,133
 Land And Building 0
 Other Fixed Assets 1
 NCUSIF Deposit 61,498
 All Other Assets 11,066
  TOTAL ASSETS 10,040,837
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 13,076
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 7,188,027
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 7,188,027
  TOTAL LIABILITIES 7,201,103
 Regular Reserve 91,769
 Other Reserves 0
 Undivided Earnings 2,747,965
  TOTAL EQUITY 2,839,734
  TOTAL LIABILITIES, SHARES, & EQUITY 10,040,837
INCOME & EXPENSE  
 Loan Income 75,916
 Investment Income 130,582
 Other Income 4,577
 Total Employee Compensation & Benefits 98,458
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 70,949
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,515
 Cost of Funds 10,759
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 29,394
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