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National Credit Union Service Organization

TEACHERS FEDERAL CREDIT UNION

Sep, 30, 2021 — TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in SMITHTOWN, NY with 33 branch locations and about $8.74 billion in total assets. Opened 70 years ago in 1952, TEACHERS FEDERAL CREDIT UNION has about 372,918 members and employs 804 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)
PO BOX 9005
SMITHTOWN, NY 11787
Phone:(631) 698-7000
Fax:(631) 696-0116
Website:http://www.teachersfcu.org
Branches:33 branch locations
Members:372,918
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$8,740,061,835
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 443,108,272
TOTAL INVESTMENTS 2,674,908,717
Loans Held for Sale 17,562,905
 
 Real Estate Loans 2,837,023,379
 Unsecured Loans 419,615,009
 Other Loans 1,897,211,277
 TOTAL LOANS 5,153,849,665
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -37,130,787
 Land And Building 66,446,925
 Other Fixed Assets 54,633,871
 NCUSIF Deposit 70,466,120
 All Other Assets 296,216,147
  TOTAL ASSETS 8,740,061,835
LIABILITIES & CAPITAL:  
 Dividends Payable 37,860
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 145,603,012
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 911,625,893
 Regular shares 1,544,471,500
 All Other Shares & Deposits 5,350,945,337
  TOTAL SHARES & DEPOSITS 7,807,042,730
  TOTAL LIABILITIES 7,952,683,602
 Regular Reserve 157,542,338
 Other Reserves -58,832,039
 Undivided Earnings 688,667,934
  TOTAL EQUITY 787,378,233
  TOTAL LIABILITIES, SHARES, & EQUITY 8,740,061,835
INCOME & EXPENSE  
 Loan Income 148,321,868
 Investment Income 25,885,385
 Other Income 12,445,730
 Total Employee Compensation & Benefits 60,535,211
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 52,363,594
 Non-operating Income & (Expense) -3,949,714
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 12,526,000
 Cost of Funds 40,545,006
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 66,411,191
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