Mar, 31, 2022 — WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in MIDDLEBURY, CT with 2 branch locations and about $318.37 million in total assets. Opened 88 years ago in 1934, WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION has about 20,060 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) | 773 Straits Tpke MIDDLEBURY, CT 06762-2852 |
| Phone: | (203) 758-9500 |
| Fax: | (203) 758-8514 |
| Website: | http://www.wctfcu.com |
| Branches: | 2 branch locations |
| Members: | 20,060 |
| 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: | $318,369,485 |
| CEO/Manager: | Martin Misset |
| Chairperson: | Peter McCasland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,367,000 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 115,611,045 |
| Unsecured Loans | 38,879,768 |
| Other Loans | 63,159,776 |
| TOTAL LOANS | 217,650,589 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,241,013 |
| Land And Building | 3,545,658 |
| Other Fixed Assets | 230,769 |
| NCUSIF Deposit | 2,456,820 |
| All Other Assets | 0 |
| TOTAL ASSETS | 318,369,485 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 107,525 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,026,481 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 35,112,655 |
| Regular shares | 98,160,344 |
| All Other Shares & Deposits | 144,007,408 |
| TOTAL SHARES & DEPOSITS | 277,280,407 |
| TOTAL LIABILITIES | 279,414,413 |
| Regular Reserve | 0 |
| Other Reserves | -1,131,430 |
| Undivided Earnings | 40,086,502 |
| TOTAL EQUITY | 38,955,072 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 318,369,485 |
| INCOME & EXPENSE | |
| Loan Income | 2,130,004 |
| Investment Income | 110,814 |
| Other Income | 54,421 |
| Total Employee Compensation & Benefits | 694,146 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,109,032 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 192,614 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 661,664 |
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