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National Credit Union Service Organization

TEACHERS FEDERAL CREDIT UNION

Jun, 30, 2021 — TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in SMITHTOWN, NY with 33 branch locations and about $8.70 billion in total assets. Opened 69 years ago in 1952, TEACHERS FEDERAL CREDIT UNION has about 365,688 members and employs 807 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:365,688
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:$8,701,848,637
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 421,782,969
TOTAL INVESTMENTS 2,743,092,238
Loans Held for Sale 12,011,776
 
 Real Estate Loans 2,816,591,447
 Unsecured Loans 362,220,061
 Other Loans 1,899,456,839
 TOTAL LOANS 5,078,268,347
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -35,942,798
 Land And Building 67,072,485
 Other Fixed Assets 55,797,477
 NCUSIF Deposit 70,466,120
 All Other Assets 289,300,023
  TOTAL ASSETS 8,701,848,637
LIABILITIES & CAPITAL:  
 Dividends Payable 32,389
 Notes & Interest Payable 1,000
 Accounts Payable & Other Liabilities 148,044,382
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 925,194,516
 Regular shares 1,507,817,177
 All Other Shares & Deposits 5,357,470,182
  TOTAL SHARES & DEPOSITS 7,790,481,875
  TOTAL LIABILITIES 7,938,559,646
 Regular Reserve 157,542,338
 Other Reserves -57,313,568
 Undivided Earnings 663,060,221
  TOTAL EQUITY 763,288,991
  TOTAL LIABILITIES, SHARES, & EQUITY 8,701,848,637
INCOME & EXPENSE  
 Loan Income 97,907,530
 Investment Income 17,119,248
 Other Income 8,294,588
 Total Employee Compensation & Benefits 40,011,976
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 33,411,921
 Non-operating Income & (Expense) -4,421,241
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,226,000
 Cost of Funds 28,523,606
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 40,806,898
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