Dec, 31, 2023 — PORT CHESTER TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in RYE BROOK, NY with 2 branch locations and about $41.52 million in total assets. Opened 70 years ago in 1954, PORT CHESTER TEACHERS FEDERAL CREDIT UNION has about 2,886 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PORT CHESTER TEACHERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 118 S Ridge St Ste 3 RYE BROOK, NY 10573-2848 |
Phone: | (914) 939-4870 |
Fax: | (914) 939-2896 |
Website: | https://portchesterteachersfcu.org |
Branches: | 2 branch locations |
Members: | 2,886 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 9532 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,523,580 |
CEO/Manager: | Steven Cohen |
Chairperson: | Leslie Salvatore |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,228,141 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,329,630 |
Other Loans | 8,514,711 |
TOTAL LOANS | 10,990,736 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,375 |
Land And Building | 0 |
Other Fixed Assets | 14,522 |
NCUSIF Deposit | 366,217 |
All Other Assets | 0 |
TOTAL ASSETS | 41,523,580 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 499,892 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,881,090 |
Regular shares | 29,794,262 |
All Other Shares & Deposits | 1,488,690 |
TOTAL SHARES & DEPOSITS | 37,164,042 |
TOTAL LIABILITIES | 37,663,934 |
Regular Reserve | 0 |
Other Reserves | 564,508 |
Undivided Earnings | 3,295,138 |
TOTAL EQUITY | 3,859,646 |
TOTAL LIABILITIES, SHARES, & EQUITY | 41,523,580 |
INCOME & EXPENSE | |
Loan Income | 441,392 |
Investment Income | 682,110 |
Other Income | 14,095 |
Total Employee Compensation & Benefits | 244,490 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 504,683 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 184,376 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 285,433 |
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