Dec, 31, 2023 — TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in HAUPPAUGE, NY with 33 branch locations and about $9.87 billion in total assets. Opened 72 years ago in 1952, TEACHERS FEDERAL CREDIT UNION has about 455,445 members and employs 879 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: | 455,445 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $9,870,442,606 |
| CEO/Manager: | Brad C Calhoun |
| Chairperson: | TIMOTHY SOUTHERTON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 595,026,333 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,101,536 |
| Real Estate Loans | 3,809,090,035 |
| Unsecured Loans | 546,860,229 |
| Other Loans | 2,146,136,191 |
| TOTAL LOANS | 6,502,086,455 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -120,757,756 |
| Land And Building | 63,751,837 |
| Other Fixed Assets | 52,821,661 |
| NCUSIF Deposit | 72,792,849 |
| All Other Assets | 207,000 |
| TOTAL ASSETS | 9,870,442,606 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 827,066 |
| Notes & Interest Payable | 900,000,000 |
| Accounts Payable & Other Liabilities | 124,447,447 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,035,445,313 |
| Regular shares | 1,312,410,963 |
| All Other Shares & Deposits | 5,694,900,100 |
| TOTAL SHARES & DEPOSITS | 8,042,756,377 |
| TOTAL LIABILITIES | 9,068,266,576 |
| Regular Reserve | 0 |
| Other Reserves | -117,079,657 |
| Undivided Earnings | 919,255,687 |
| TOTAL EQUITY | 802,176,030 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,870,442,606 |
| INCOME & EXPENSE | |
| Loan Income | 357,311,697 |
| Investment Income | 54,041,425 |
| Other Income | 17,384,710 |
| Total Employee Compensation & Benefits | 95,968,896 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 94,995,520 |
| Non-operating Income & (Expense) | 393,295 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,164,956 |
| Cost of Funds | 180,733,737 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,954,322 |
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