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COMMUNITY & TEACHERS FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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