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COVENTRY TEACHERS FEDERAL CREDIT UNION

Mar, 31, 2021 — COVENTRY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in COVENTRY, RI with 1 branch location and about $3.00 million in total assets. Opened 60 years ago in 1961, COVENTRY TEACHERS FEDERAL CREDIT UNION has about 653 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:COVENTRY TEACHERS FEDERAL CREDIT UNION
Address:
(Main Office)
9 FOSTER DR
COVENTRY, RI 02816
Phone:(401) 826-1682
Fax:(401) 826-1698
Website:n/a
Branches:1 branch locations
Members:653
Credit Union Type:Federal Credit Union
Charter Number:24475
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1961
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,001,490
CEO/Manager:Geri L Nix
Chairperson:George M Egan

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 889,702
TOTAL INVESTMENTS 503,334
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 271,967
 Other Loans 1,314,101
 TOTAL LOANS 1,586,068
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -6,689
 Land And Building 0
 Other Fixed Assets 6,221
 NCUSIF Deposit 20,340
 All Other Assets 2,514
  TOTAL ASSETS 3,001,490
LIABILITIES & CAPITAL:  
 Dividends Payable 1,227
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,160
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,436,945
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,436,945
  TOTAL LIABILITIES 2,440,332
 Regular Reserve 253,205
 Other Reserves 0
 Undivided Earnings 307,953
  TOTAL EQUITY 561,158
  TOTAL LIABILITIES, SHARES, & EQUITY 3,001,490
INCOME & EXPENSE  
 Loan Income 14,079
 Investment Income 109
 Other Income 0
 Total Employee Compensation & Benefits 13,388
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,048
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 841
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -6,089
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