Sep, 30, 2025 — COMMUNITY & TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in EAST PROVIDENCE, RI with 1 branch location and about $30.85 million in total assets. Opened 65 years ago in 1961, COMMUNITY & TEACHERS FEDERAL CREDIT UNION has about 1,620 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY & TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1169 S Broadway EAST PROVIDENCE, RI 02914-4931 |
| Phone: | (401) 438-7788 |
| Fax: | (401) 431-0431 |
| Website: | https://www.teacherscu.org |
| Branches: | 1 branch locations |
| Members: | 1,620 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24730 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $30,850,297 |
| CEO/Manager: | Kenneth C Saunders |
| Chairperson: | Jeannette Goulet |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,282,860 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 17,785,323 |
| Unsecured Loans | 267,847 |
| Other Loans | 2,043,649 |
| TOTAL LOANS | 20,096,819 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,137 |
| Land And Building | 876,438 |
| Other Fixed Assets | 5,402 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 266,091 |
| All Other Assets | 0 |
| TOTAL ASSETS | 30,850,297 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21,313 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -223,548 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,532,482 |
| Regular shares | 10,980,789 |
| All Other Shares & Deposits | 10,281,523 |
| TOTAL SHARES & DEPOSITS | 27,794,793 |
| TOTAL LIABILITIES | 27,592,558 |
| Regular Reserve | 0 |
| Other Reserves | 270,646 |
| Undivided Earnings | 2,987,093 |
| TOTAL EQUITY | 3,257,739 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 30,850,297 |
| INCOME & EXPENSE | |
| Loan Income | 676,869 |
| Investment Income | 238,409 |
| Other Income | 25,164 |
| Total Employee Compensation & Benefits | 361,705 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 399,135 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 84,223 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 133,827 |
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