Dec, 31, 2023 — WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in MIDDLEBURY, CT with 2 branch locations and about $318.44 million in total assets. Opened 90 years ago in 1934, WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION has about 21,455 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 773 Straits Tpke MIDDLEBURY, CT 06762-2852 |
| Phone: | (203) 758-9500 |
| Fax: | (203) 758-8514 |
| Website: | https://www.wctfcu.com |
| Branches: | 2 branch locations |
| Members: | 21,455 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $318,439,823 |
| CEO/Manager: | Martin Misset |
| Chairperson: | Peter McCasland |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,562,232 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 137,998,998 |
| Unsecured Loans | 40,159,530 |
| Other Loans | 70,982,046 |
| TOTAL LOANS | 249,140,574 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,586,218 |
| Land And Building | 3,339,514 |
| Other Fixed Assets | 123,662 |
| NCUSIF Deposit | 2,599,757 |
| All Other Assets | 0 |
| TOTAL ASSETS | 318,439,823 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 411,833 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,382,819 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,575,186 |
| Regular shares | 82,657,355 |
| All Other Shares & Deposits | 154,926,692 |
| TOTAL SHARES & DEPOSITS | 268,159,234 |
| TOTAL LIABILITIES | 271,953,886 |
| Regular Reserve | 0 |
| Other Reserves | -1,873,799 |
| Undivided Earnings | 48,359,736 |
| TOTAL EQUITY | 46,485,937 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 318,439,823 |
| INCOME & EXPENSE | |
| Loan Income | 12,276,895 |
| Investment Income | 2,209,695 |
| Other Income | 287,989 |
| Total Employee Compensation & Benefits | 3,265,692 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,786,594 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,980,455 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,578,864 |
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