COVENTRY TEACHERS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://ctfcu.com for more information.
Jun, 30, 2024 — COVENTRY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in COVENTRY, RI with 1 branch location and about $3.09 million in total assets. Opened 64 years ago in 1961, COVENTRY TEACHERS FEDERAL CREDIT UNION has about 636 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 |
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Address: (Main Office) | 9 FOSTER DR COVENTRY, RI 02816 |
Phone: | (401) 826-1682 |
Fax: | (401) 826-1698 |
Website: | https://ctfcu.com |
Branches: | 1 branch locations |
Members: | 636 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24475 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Jul 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,086,390 |
CEO/Manager: | Susanne D Shaw |
Chairperson: | George M Egan |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,368,721 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 218,011 |
Other Loans | 969,306 |
TOTAL LOANS | 1,187,317 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,689 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 22,626 |
All Other Assets | 0 |
TOTAL ASSETS | 3,086,390 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,198 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -515 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,431,471 |
All Other Shares & Deposits | 104,268 |
TOTAL SHARES & DEPOSITS | 2,535,739 |
TOTAL LIABILITIES | 2,539,422 |
Regular Reserve | 0 |
Other Reserves | 250,817 |
Undivided Earnings | 296,151 |
TOTAL EQUITY | 546,968 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,086,390 |
INCOME & EXPENSE | |
Loan Income | 11,416 |
Investment Income | 1,822 |
Other Income | 2 |
Total Employee Compensation & Benefits | 9,421 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,796 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 3,670 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -4,636 |
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