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CAMBRIDGE TEACHERS FEDERAL CREDIT UNION

Mar, 31, 2022 — CAMBRIDGE TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in CAMBRIDGE, MA with 0 branch location and about $35.44 million in total assets. Opened 83 years ago in 1939, CAMBRIDGE TEACHERS FEDERAL CREDIT UNION has about 1,748 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:CAMBRIDGE TEACHERS FEDERAL CREDIT UNION
Address:
(Main Office)
20 Felton St
CAMBRIDGE, MA 02138
Phone:(617) 492-3212
Fax:(617) 492-0131
Website:http://cambridgeteachersfcu.org
Branches:0 branch locations
Members:1,748
Credit Union Type:Federal Credit Union
Charter Number:3115
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1939
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$35,444,256
CEO/Manager:RITWIK BHATTACHARYA
Chairperson:JOHN GENTILE

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,608,162
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,104,849
 Unsecured Loans 1,629,925
 Other Loans 1,540,986
 TOTAL LOANS 5,275,760
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -51,360
 Land And Building 0
 Other Fixed Assets 13,086
 NCUSIF Deposit 280,268
 All Other Assets 0
  TOTAL ASSETS 35,444,256
LIABILITIES & CAPITAL:  
 Dividends Payable 121,687
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 34,588
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,569,277
 Regular shares 16,285,610
 All Other Shares & Deposits 11,187,424
  TOTAL SHARES & DEPOSITS 33,042,311
  TOTAL LIABILITIES 33,198,586
 Regular Reserve 0
 Other Reserves 465,954
 Undivided Earnings 1,779,716
  TOTAL EQUITY 2,245,670
  TOTAL LIABILITIES, SHARES, & EQUITY 35,444,256
INCOME & EXPENSE  
 Loan Income 70,871
 Investment Income 61,107
 Other Income 5,868
 Total Employee Compensation & Benefits 112,719
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 88,077
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 24,459
 Cost of Funds 55,002
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -133,028
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