Mar, 31, 2021 — WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WATERBURY, CT with 2 branch locations and about $293.16 million in total assets. Opened 87 years ago in 1934, WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION has about 19,702 members and employs 29 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) | P.O. BOX 2121 WATERBURY, CT 06722 |
| Phone: | (203) 758-9500 |
| Fax: | (203) 758-8514 |
| Website: | http://www.wctfcu.com |
| Branches: | 2 branch locations |
| Members: | 19,702 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $293,155,246 |
| CEO/Manager: | Martin Misset |
| Chairperson: | Peter McCasland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,445,068 |
| TOTAL INVESTMENTS | 53,188,376 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 93,325,096 |
| Unsecured Loans | 43,755,632 |
| Other Loans | 56,981,514 |
| TOTAL LOANS | 194,062,242 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,286,903 |
| Land And Building | 3,659,459 |
| Other Fixed Assets | 327,180 |
| NCUSIF Deposit | 2,168,383 |
| All Other Assets | 1,591,441 |
| TOTAL ASSETS | 293,155,246 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 165,664 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,867,031 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,650,575 |
| Regular shares | 87,863,273 |
| All Other Shares & Deposits | 133,153,090 |
| TOTAL SHARES & DEPOSITS | 253,666,938 |
| TOTAL LIABILITIES | 255,699,633 |
| Regular Reserve | 1,596,789 |
| Other Reserves | -265,898 |
| Undivided Earnings | 36,124,722 |
| TOTAL EQUITY | 37,455,613 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 293,155,246 |
| INCOME & EXPENSE | |
| Loan Income | 2,012,953 |
| Investment Income | 77,151 |
| Other Income | 46,395 |
| Total Employee Compensation & Benefits | 638,130 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,014,127 |
| Non-operating Income & (Expense) | -53,032 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 162,500 |
| Cost of Funds | 379,683 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 300,656 |
| ↑ Back to Top | |