Jun, 30, 2024 — COMMUNITY & TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in EAST PROVIDENCE, RI with 1 branch location and about $35.23 million in total assets. Opened 64 years ago in 1961, COMMUNITY & TEACHERS FEDERAL CREDIT UNION has about 1,910 members and employs 9 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 |
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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: | 1,910 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24730 |
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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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $35,229,765 |
CEO/Manager: | Kenneth C Saunders |
Chairperson: | Barbara J Geraghty |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,623,736 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 20,237,801 |
Unsecured Loans | 351,269 |
Other Loans | 716,393 |
TOTAL LOANS | 21,305,463 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,961 |
Land And Building | 942,015 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 327,442 |
All Other Assets | 0 |
TOTAL ASSETS | 35,229,765 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,143 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 37,032 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,721,915 |
Regular shares | 13,438,928 |
All Other Shares & Deposits | 12,552,495 |
TOTAL SHARES & DEPOSITS | 32,713,338 |
TOTAL LIABILITIES | 32,756,513 |
Regular Reserve | 0 |
Other Reserves | 130,945 |
Undivided Earnings | 2,342,307 |
TOTAL EQUITY | 2,473,252 |
TOTAL LIABILITIES, SHARES, & EQUITY | 35,229,765 |
INCOME & EXPENSE | |
Loan Income | 664,501 |
Investment Income | 51,943 |
Other Income | 48,988 |
Total Employee Compensation & Benefits | 329,168 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 378,428 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,500 |
Cost of Funds | 18,420 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 120,399 |
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