Jun, 30, 2024 — TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in HAUPPAUGE, NY with 33 branch locations and about $9.20 billion in total assets. Opened 72 years ago in 1952, TEACHERS FEDERAL CREDIT UNION has about 444,027 members and employs 894 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 102 Motor Pkwy HAUPPAUGE, NY 11788 |
| Phone: | (631) 698-7000 |
| Fax: | (631) 696-0116 |
| Website: | https://www.teachersfcu.org |
| Branches: | 33 branch locations |
| Members: | 444,027 |
| 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: | $9,198,006,086 |
| CEO/Manager: | Brad C Calhoun |
| Chairperson: | TIMOTHY SOUTHERTON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 332,604,139 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,445,527 |
| Real Estate Loans | 3,190,507,627 |
| Unsecured Loans | 527,520,774 |
| Other Loans | 2,259,761,931 |
| TOTAL LOANS | 5,977,790,332 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,661,767 |
| Land And Building | 65,198,741 |
| Other Fixed Assets | 54,184,235 |
| NCUSIF Deposit | 72,741,679 |
| All Other Assets | 422,757 |
| TOTAL ASSETS | 9,198,006,086 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 56,344 |
| Notes & Interest Payable | 425,869,222 |
| Accounts Payable & Other Liabilities | 127,645,535 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,031,572,711 |
| Regular shares | 1,620,801,193 |
| All Other Shares & Deposits | 5,289,045,704 |
| TOTAL SHARES & DEPOSITS | 7,941,419,608 |
| TOTAL LIABILITIES | 8,494,990,709 |
| Regular Reserve | 0 |
| Other Reserves | -220,807,140 |
| Undivided Earnings | 923,822,517 |
| TOTAL EQUITY | 703,015,377 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,198,006,086 |
| INCOME & EXPENSE | |
| Loan Income | 176,587,412 |
| Investment Income | 25,731,167 |
| Other Income | 12,543,185 |
| Total Employee Compensation & Benefits | 67,777,155 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 60,564,371 |
| Non-operating Income & (Expense) | -1,228,923 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,870,000 |
| Cost of Funds | 37,166,996 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 58,737,385 |
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