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CAMBRIDGE TEACHERS FEDERAL CREDIT UNION

Dec, 31, 2023 — CAMBRIDGE TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in CAMBRIDGE, MA with 0 branch location and about $26.87 million in total assets. Opened 85 years ago in 1939, CAMBRIDGE TEACHERS FEDERAL CREDIT UNION has about 1,858 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CAMBRIDGE TEACHERS FEDERAL CREDIT UNION
Address:
(Main Office)
20 Felton St
CAMBRIDGE, MA 02138
Phone:(617) 492-3212
Fax:(617) 492-0131
Website:https://cambridgeteachersfcu.org
Branches:0 branch locations
Members:1,858
Credit Union Type:Federal Credit Union
Charter Number:3115
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1939
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$26,867,268
CEO/Manager:Roland J Draper
Chairperson:JOHN GENTILE

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,085,799
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,028,520
 Unsecured Loans 1,474,755
 Other Loans 3,960,141
 TOTAL LOANS 7,463,417
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -233,488
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 294,612
 All Other Assets 0
  TOTAL ASSETS 26,867,268
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,443,916
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,139,860
 Regular shares 12,876,694
 All Other Shares & Deposits 7,936,149
  TOTAL SHARES & DEPOSITS 25,952,703
  TOTAL LIABILITIES 27,396,619
 Regular Reserve 0
 Other Reserves -443,042
 Undivided Earnings -86,309
  TOTAL EQUITY -529,351
  TOTAL LIABILITIES, SHARES, & EQUITY 26,867,268
INCOME & EXPENSE  
 Loan Income 414,212
 Investment Income 303,377
 Other Income 50,931
 Total Employee Compensation & Benefits 1,513,350
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 861,097
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -65,786
 Cost of Funds 180,780
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,694,660
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