Introduction
Welcome to Teachers Credit Union, your trusted financial partner located at 1638 Merrick Rd, Merrick, NY 11566. Established in 1952, we have been dedicated to serving our community for over seven decades. With a total membership of 476,608, we pride ourselves on being more than just a financial institution; we are a vital part of the community fabric. At Teachers Credit Union, our commitment to you is reflected in our impressive financial strength. We manage total assets exceeding $9.8 billion, and our members enjoy the security of having total deposits of $392,268,098. With net worth standing at $984,894,945, you can feel confident that your finances are in capable hands. Under the leadership of our CEO, Brad Calhoun, and Board President Timothy Southerton, we strive to create an environment where every member feels valued. Our team of 867 employees is here to assist you with all your banking needs, whether you're interested in loans or just looking to open a new account. While members can visit us at our branch for personalized service, official correspondence should be sent to our mailing address: PO Box 9005, Smithtown, NY 11787-9005. At Teachers Credit Union, we offer a variety of services designed to meet your needs. Whether it's taking out one of our many loan options or utilizing our ATM services, we're here to support you every step of the way. Plus, our convenient operating hours Monday through Thursday from 9:00 AM to 5:00 PM, Friday from 9:00 AM to 6:00 PM, and Saturday from 9:00 AM to 2:00 PM make it easy for you to connect with us. Ready to take the next step? Visit us today or give us a call at 631-698-7000. Let's work together towards achieving your financial goals!
Financial Strength
At Teachers, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share our financial strength with you, ensuring that your trust in us is well placed. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $984,894,945, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 9.99% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $3,162,706,487 in share certificates and $1,744,714,636 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $219,569,446, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our commitment to reinvesting in our community is evident with $940,482,871 in undivided earnings. This allows us to enhance our banking tools, strengthen lending options, and improve security measures to serve our members better. With $33,275 in used auto loans and $6,294,741,296 in total loans and leases, our lending capacity supports members' financial goals across various sectors. While our $25,290,329 reflects operational efficiency, it also enables us to continue offering competitive loan rates and solid financial products for our members. We are proud to have 839 full-time employees and 28 part-time employees who are dedicated to serving you with knowledge and care. Net Shares (Funds available for lending and investments): $0. Total Share Accounts: 942,543, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Teachers is your trusted partner. Visit us at 1638 Merrick Rd Merrick Ny 11566 or call (631) 698-7000 to learn more about how we can help you achieve your financial goals.
