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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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