Sep, 30, 2022 — WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in MIDDLEBURY, CT with 2 branch locations and about $316.70 million in total assets. Opened 89 years ago in 1934, WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION has about 20,478 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 773 Straits Tpke MIDDLEBURY, CT 06762-2852 |
| Phone: | (203) 758-9500 |
| Fax: | (203) 758-8514 |
| Website: | https://www.wctfcu.com |
| Branches: | 2 branch locations |
| Members: | 20,478 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $316,699,697 |
| CEO/Manager: | Martin Misset |
| Chairperson: | Peter McCasland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,779,274 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 126,125,016 |
| Unsecured Loans | 38,057,885 |
| Other Loans | 72,232,388 |
| TOTAL LOANS | 236,415,289 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,201,846 |
| Land And Building | 3,482,449 |
| Other Fixed Assets | 222,048 |
| NCUSIF Deposit | 2,486,082 |
| All Other Assets | 0 |
| TOTAL ASSETS | 316,699,697 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 103,631 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,332,179 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,445,650 |
| Regular shares | 98,373,257 |
| All Other Shares & Deposits | 140,741,132 |
| TOTAL SHARES & DEPOSITS | 274,560,039 |
| TOTAL LIABILITIES | 276,995,849 |
| Regular Reserve | 0 |
| Other Reserves | -2,139,530 |
| Undivided Earnings | 41,843,378 |
| TOTAL EQUITY | 39,703,848 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 316,699,697 |
| INCOME & EXPENSE | |
| Loan Income | 6,687,755 |
| Investment Income | 536,338 |
| Other Income | 172,957 |
| Total Employee Compensation & Benefits | 1,999,560 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,515,617 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 573,594 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,418,540 |
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