FARMINGVILLE, N.Y. – For the ninth consecutive year, Teachers Federal Credit Union has awarded bonus dividends to members. The bonus was possible due to the credit union's total assets increasing 23% to $1.77 billion by the end of 2003. In addition, deposits grew 24% to $1.57 billion and loans 21% to $732 million. An emphasis on expense control resulted in a record-setting $32.7 million net income,bringing total capital to $191 million.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
