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National Credit Union Service Organization

TEACHERS FEDERAL CREDIT UNION

Mar, 31, 2022 — TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in HAUPPAUGE, NY with 33 branch locations and about $8.87 billion in total assets. Opened 70 years ago in 1952, TEACHERS FEDERAL CREDIT UNION has about 414,861 members and employs 845 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 221475786
Name:TEACHERS FEDERAL CREDIT UNION
Address:
(Main Office)
102 Motor Pkwy
HAUPPAUGE, NY 11788
Phone:(631) 698-7000
Fax:(631) 696-0116
Website:http://www.teachersfcu.org
Branches:33 branch locations
Members:414,861
Credit Union Type:Federal Credit Union
Charter Number:8116
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$8,873,701,716
CEO/Manager:Brad C Calhoun
Chairperson:TIMOTHY SOUTHERTON

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 493,541,816
TOTAL INVESTMENTS 0
Loans Held for Sale 9,015,666
 
 Real Estate Loans 2,878,657,320
 Unsecured Loans 535,960,239
 Other Loans 1,905,301,685
 TOTAL LOANS 5,319,919,244
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -42,069,895
 Land And Building 65,557,944
 Other Fixed Assets 53,249,714
 NCUSIF Deposit 72,737,484
 All Other Assets 0
  TOTAL ASSETS 8,873,701,716
LIABILITIES & CAPITAL:  
 Dividends Payable 25,300
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 136,196,453
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,007,111,429
 Regular shares 1,666,869,636
 All Other Shares & Deposits 5,318,005,781
  TOTAL SHARES & DEPOSITS 7,991,986,846
  TOTAL LIABILITIES 8,128,208,599
 Regular Reserve 0
 Other Reserves -140,903,499
 Undivided Earnings 886,396,616
  TOTAL EQUITY 745,493,117
  TOTAL LIABILITIES, SHARES, & EQUITY 8,873,701,716
INCOME & EXPENSE  
 Loan Income 54,532,147
 Investment Income 7,744,808
 Other Income 4,144,378
 Total Employee Compensation & Benefits 22,410,769
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,110,645
 Non-operating Income & (Expense) -719,143
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,870,000
 Cost of Funds 9,527,657
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 21,311,484
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