Dec, 31, 2023 — COMMUNITY & TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in EAST PROVIDENCE, RI with 1 branch location and about $31.12 million in total assets. Opened 63 years ago in 1961, COMMUNITY & TEACHERS FEDERAL CREDIT UNION has about 1,811 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: | 1,811 |
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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,124,949 |
CEO/Manager: | Kenneth C Saunders |
Chairperson: | Barbara J Geraghty |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,784,619 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 19,452,033 |
Unsecured Loans | 341,424 |
Other Loans | 1,181,066 |
TOTAL LOANS | 20,974,523 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -50,861 |
Land And Building | 914,691 |
Other Fixed Assets | 9,183 |
NCUSIF Deposit | 308,413 |
All Other Assets | 0 |
TOTAL ASSETS | 31,124,949 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 9,909 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -78,358 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,958,770 |
Regular shares | 11,843,970 |
All Other Shares & Deposits | 10,576,660 |
TOTAL SHARES & DEPOSITS | 28,379,400 |
TOTAL LIABILITIES | 28,310,951 |
Regular Reserve | 0 |
Other Reserves | 146,951 |
Undivided Earnings | 2,667,047 |
TOTAL EQUITY | 2,813,998 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,124,949 |
INCOME & EXPENSE | |
Loan Income | 956,460 |
Investment Income | 271,004 |
Other Income | 38,979 |
Total Employee Compensation & Benefits | 472,461 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 508,410 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,400 |
Cost of Funds | 95,585 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 261,758 |
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