Dec, 31, 2023 — TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH BEND, IN with 52 branch locations and about $5.17 billion in total assets. Opened 93 years ago in 1931, TEACHERS CREDIT UNION has about 303,315 members and employs 772 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 CREDIT UNION |
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Address: (Main Office) | 110 S Main St SOUTH BEND, IN 46601-1805 |
Phone: | (574) 232-8012 |
Fax: | (574) 284-6287 |
Website: | https://www.everwisecu.com |
Branches: | 52 branch locations |
Members: | 303,315 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60060 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1931 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $5,173,907,284 |
CEO/Manager: | Jason Osterhage |
Chairperson: | Vince Henderson |
ASSETS: | $ Amount |
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Cash & Equivalents | 179,611,839 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 7,409,904 |
Real Estate Loans | 2,348,154,988 |
Unsecured Loans | 97,491,995 |
Other Loans | 1,692,720,448 |
TOTAL LOANS | 4,138,367,431 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -63,718,508 |
Land And Building | 55,385,808 |
Other Fixed Assets | 24,071,127 |
NCUSIF Deposit | 30,254,403 |
All Other Assets | 4,112,679 |
TOTAL ASSETS | 5,173,907,284 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,300,334 |
Notes & Interest Payable | 478,700,815 |
Accounts Payable & Other Liabilities | 31,836,350 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,344,117,114 |
Regular shares | 1,254,305,407 |
All Other Shares & Deposits | 1,685,274,720 |
TOTAL SHARES & DEPOSITS | 4,283,697,241 |
TOTAL LIABILITIES | 4,797,534,740 |
Regular Reserve | 0 |
Other Reserves | -51,815,630 |
Undivided Earnings | 428,188,174 |
TOTAL EQUITY | 376,372,544 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,173,907,284 |
INCOME & EXPENSE | |
Loan Income | 203,750,643 |
Investment Income | 23,756,284 |
Other Income | 26,743,338 |
Total Employee Compensation & Benefits | 70,293,088 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 68,023,074 |
Non-operating Income & (Expense) | 28,276 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,237,319 |
Cost of Funds | 85,583,792 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 34,220,943 |
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