Dec, 31, 2023 — BUTLER COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in BUTLER, PA with 1 branch location and about $28.29 million in total assets. Opened 85 years ago in 1939, BUTLER COUNTY TEACHERS FEDERAL CREDIT UNION has about 1,897 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BUTLER COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 112 Campus Ln BUTLER, PA 16001 |
| Phone: | (724) 283-9427 |
| Fax: | (724) 283-4838 |
| Website: | https://www.bctfcu.net |
| Branches: | 1 branch locations |
| Members: | 1,897 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3085 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,294,029 |
| CEO/Manager: | Michelle A Furka |
| Chairperson: | Pamela Schachern |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,293,117 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,708,351 |
| Unsecured Loans | 1,197,175 |
| Other Loans | 5,735,930 |
| TOTAL LOANS | 10,641,456 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,831 |
| Land And Building | 0 |
| Other Fixed Assets | 10,568 |
| NCUSIF Deposit | 286,003 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,294,029 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 63,855 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,116 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 25,719,300 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 25,719,301 |
| TOTAL LIABILITIES | 25,793,272 |
| Regular Reserve | 0 |
| Other Reserves | 225,000 |
| Undivided Earnings | 2,275,757 |
| TOTAL EQUITY | 2,500,757 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,294,029 |
| INCOME & EXPENSE | |
| Loan Income | 386,150 |
| Investment Income | 430,402 |
| Other Income | 945 |
| Total Employee Compensation & Benefits | 195,422 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 98,033 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,637 |
| Cost of Funds | 266,105 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -163,914 |
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