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COMMUNITY & TEACHERS FEDERAL CREDIT UNION

Mar, 31, 2022 — COMMUNITY & TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in EAST PROVIDENCE, RI with 1 branch location and about $35.35 million in total assets. Opened 61 years ago in 1961, COMMUNITY & TEACHERS FEDERAL CREDIT UNION has about 1,943 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:http://www.teacherscu.org
Branches:1 branch locations
Members:1,943
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$35,349,304
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 5,881,476
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 19,914,548
 Unsecured Loans 396,605
 Other Loans 911,351
 TOTAL LOANS 21,222,504
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -42,950
 Land And Building 952,944
 Other Fixed Assets 336
 NCUSIF Deposit 296,007
 All Other Assets 0
  TOTAL ASSETS 35,349,304
LIABILITIES & CAPITAL:  
 Dividends Payable 8,825
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 116,560
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,447,999
 Regular shares 13,317,788
 All Other Shares & Deposits 13,057,094
  TOTAL SHARES & DEPOSITS 32,822,881
  TOTAL LIABILITIES 32,948,266
 Regular Reserve 0
 Other Reserves 130,945
 Undivided Earnings 2,270,093
  TOTAL EQUITY 2,401,038
  TOTAL LIABILITIES, SHARES, & EQUITY 35,349,304
INCOME & EXPENSE  
 Loan Income 216,371
 Investment Income 6,942
 Other Income 18,876
 Total Employee Compensation & Benefits 108,362
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 129,466
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 6,140
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 48,185
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