Jun, 30, 2024 — TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH BEND, IN with 54 branch locations and about $4.77 billion in total assets. Opened 93 years ago in 1931, TEACHERS CREDIT UNION has about 309,028 members and employs 761 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEACHERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 110 S Main St SOUTH BEND, IN 46601-1805 |
| Phone: | (574) 232-8012 |
| Fax: | (574) 284-6287 |
| Website: | https://www.tcunet.com |
| Branches: | 54 branch locations |
| Members: | 309,028 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60060 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,766,890,430 |
| CEO/Manager: | Jason Osterhage |
| Chairperson: | Vince Henderson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 111,002,316 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 18,532,307 |
| Real Estate Loans | 1,955,446,759 |
| Unsecured Loans | 85,750,781 |
| Other Loans | 1,727,457,370 |
| TOTAL LOANS | 3,768,654,910 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,840,215 |
| Land And Building | 51,408,946 |
| Other Fixed Assets | 16,664,573 |
| NCUSIF Deposit | 30,501,654 |
| All Other Assets | 2,150,665 |
| TOTAL ASSETS | 4,766,890,430 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,252,311 |
| Notes & Interest Payable | 267,970,385 |
| Accounts Payable & Other Liabilities | 41,363,296 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,252,327,945 |
| Regular shares | 1,460,084,650 |
| All Other Shares & Deposits | 1,390,564,137 |
| TOTAL SHARES & DEPOSITS | 4,102,976,732 |
| TOTAL LIABILITIES | 4,413,562,724 |
| Regular Reserve | 0 |
| Other Reserves | -51,395,306 |
| Undivided Earnings | 404,723,012 |
| TOTAL EQUITY | 353,327,706 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,766,890,430 |
| INCOME & EXPENSE | |
| Loan Income | 104,959,420 |
| Investment Income | 9,504,464 |
| Other Income | 18,511,404 |
| Total Employee Compensation & Benefits | 56,892,371 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 44,382,298 |
| Non-operating Income & (Expense) | 260,454 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,805,868 |
| Cost of Funds | 16,132,966 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 46,446,499 |
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