Dec, 31, 2023 — PLYMOUTH COUNTY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in WEST WAREHAM, MA with 2 branch locations and about $56.93 million in total assets. Opened 62 years ago in 1962, PLYMOUTH COUNTY TEACHERS FEDERAL CREDIT UNION has about 3,807 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PLYMOUTH COUNTY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2203 Cranberry Hwy WEST WAREHAM, MA 02576-1210 |
| Phone: | (508) 291-0777 |
| Fax: | (508) 291-0491 |
| Website: | https://www.pctfcu.org |
| Branches: | 2 branch locations |
| Members: | 3,807 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14850 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $56,930,175 |
| CEO/Manager: | Keri E McDevitt |
| Chairperson: | John A Grondin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,376,350 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,285,419 |
| Unsecured Loans | 3,585,147 |
| Other Loans | 7,080,210 |
| TOTAL LOANS | 32,950,776 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -258,711 |
| Land And Building | 1,545,077 |
| Other Fixed Assets | 31,592 |
| NCUSIF Deposit | 523,678 |
| All Other Assets | 0 |
| TOTAL ASSETS | 56,930,175 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,300,000 |
| Accounts Payable & Other Liabilities | 602,066 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,086,507 |
| Regular shares | 19,245,009 |
| All Other Shares & Deposits | 21,745,061 |
| TOTAL SHARES & DEPOSITS | 50,076,576 |
| TOTAL LIABILITIES | 51,978,642 |
| Regular Reserve | 0 |
| Other Reserves | -78,511 |
| Undivided Earnings | 5,030,044 |
| TOTAL EQUITY | 4,951,533 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,930,175 |
| INCOME & EXPENSE | |
| Loan Income | 1,412,744 |
| Investment Income | 554,172 |
| Other Income | 165,230 |
| Total Employee Compensation & Benefits | 718,915 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,036,185 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 101,230 |
| Cost of Funds | 449,747 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -75,588 |
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