How To Retrieve 2021 Tax Information

Your 2021 Tax forms (1099’s and 1098’s) are now available if you qualify as outlined below.

  • 1099-Int     $10+ in interest (deposit accounts)
  • 1098          $10+ in interest (Equity loans)
  • 1098-E     $600+ in interest  (student loan interest)

IF you have interest in the amounts as outlined above, you can access your 2021 forms, and see the amounts that you paid / received on individual accounts, by following these simple steps.

NOTE: 
Members who received / paid interest as outlined above will be able to retrieve their 1099 & 1098's respectively as follows.

If you receive paper statements - Your paper version will be mailed out prior to the end of January, if you qualify as outlined above & below.

If you receive e-statements -
If you receive eStatements, you will receive a notice once the Tax Forms are available, providing your accounts have earned enough interest to generate a 1099 form as outlined above & below.

If you are enrolled to receive eStatements:

  • Login to your online banking, click on Accounts widget (on the left-hand side)
  • Click on Statements (across the top)
  • All available statements and tax forms will show

Members that did not receive at least $10 in interest, or did not pay at least $600 in loan interest will be able to retrieve their tax information as follows:

  • Login to your online banking. Click on Accounts widget (on left-hand side)
  • Click on a specific savings or loan account 
  • Click on Account Details (to the right and across the top)
  • Scroll down to bottom of the screen to view Interest paid prior YTD

2021 Mortgage Statement will be mailed to you by our partner, Midwest Loan Services.

2021 IRA Statement will be mailed to you by our partner, ASCENSUS

2021 Undergraduate Student Loan Tax Information 1098-E retrievable on the UAS website, within your Student Loan account.


Questions? 
Call Member Services for assistance.

 

Huckins Elevated to
Vice Chairman

February 25, 2021  Following the recent retirement of Bob Brown, the Waterbury CT Teachers Federal Credit Union Board of Directors has announced the elevation of Gary Huckins to Vice Chairman, Board of Directors. 

A WCTFCU Member since 1982, Mr. Huckins has served as a Member of the Board of Directors since 2001 during which time he has actively participated on a number of Board Committees.

Mr. Huckins retired as Principal of Westside Middle School, Waterbury.



Gary Huckins portrait

Gary Huckins, Vice Chairman



12.21.20   Press Release

Teachers Credit Union Donation Funds 4,000 Meals


Teachers and Administrators are acutely aware of Connecticut’s food insecurity problem. They see it daily, among their students. Thousands of CT students depend upon meals received in school, and have struggled with food insecurity as remote learning has replaced their in-school experience. The 2020 increase in unemployment, as well as COVID-19’s impact on health, have expanded CT’s food insecurity issues.


On behalf of the over 19,000 members of the Waterbury CT Teachers Federal Credit Union, a donation has been made by the Board of Directors, in an amount that will fund 4,000 meals for Connecticut residents in need.


“This is an opportune time to make our donation. Because a generous, anonymous donor has enabled CT Food Bank to extend the value of all the donations received right now; all monetary donations can now go further, and help more of those in need.” said Pete McCasland, Board Chairman of the Teachers Credit Union, and Building Principal, West Side Middle School, Waterbury.


The not-for-profit, Waterbury CT Teachers Federal Credit Union is a financial institution serving employees of public, private and parochial schools and universities, in 28 Connecticut towns, and their families.


Connecticut Food Bank distributes food through a network of 500 partners and programs in Fairfield, Litchfield, Middlesex, New Haven, New London, and Windham counties, representing 71% of the state’s population, where as many as 400,000 people may be struggling with hunger due to the Coronavirus pandemic, according to recent Feeding America data. Last year, Connecticut Food Bank distributed food to help provide nearly 23.8 million meals.


To donate or learn more, visit CT Food Bank online at www.ctfoodbank.org .

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2020 Scholarship Recipients!

Scholarship Recipients 2020 FINAL

$22,500 in Scholarships Granted in 2020!


On July 23, 2020, in a ceremony held online, the Waterbury CT Teachers Federal Credit Union granted a record $22,500 in scholarships to five area students. The ceremony was led by Board of Directors Members; John Fontaine, Gary Huckins, and Lory Park-Knowles. 

The 2020 WCTFCU Scholarships recipients
Claire Demers, a Nonnewaug High School graduate, received The Jean O’Brien Memorial Scholarship. Named for a former Board Member, this 4-year scholarship is granted to an exemplary student who has a declared major in Education, and is planning for a career in teaching. Claire will attend the University of Rhode Island where she will study Aquaculture and Secondary Education. 

The newly established, John F. Cronan Scholarship, recently named for our former Board Chairman, was granted to Britney Barton, a Kennedy High School graduate, who will attend Eastern Connecticut State University as a Business Administration major.

The 2-Year General Scholarship, granted to the most academically outstanding applicant, was given to Allison Davenport, a Litchfield High School graduate, who will attend the University of Connecticut School of Business, Storrs.

The two 1-Year General Scholarships were granted to (alphabetically) 1) Katherine Brown, a Sacred Heart High School graduate who will attend the University of Connecticut, Storrs, and 2) Jordyn Alexis Hunt, a Naugatuck High School graduate who will attend the University of Saint Joseph to study Chemistry.

Renewals. Prior years' recipients of The Jean O’Brien Memorial Scholarship, who confirmed the continuation of their Education Major, received renewals of their 4 year Scholarship.

In 2020 WCTFCU received a record 85 scholarship applications, of which 77 were eligible. The Scholarship Committee, a subcommittee of the Board of Directors, carefully evaluated the anonymously presented applicants’ Application Form, GPA, Transcript, Essay, and Extracurricular Activities Resume, in order to rate each student's submission, and select the recipients. 

Congratulations 2020 Scholarship Recipients!

New Board Chair Announced

During the summer of 2020, the Board of Directors announced the elevation and appointment of Peter McCasland from Board Member, to Chairman of the Board. Following 18 years of dedicated service as Board Chairman, Jack Cronan confirmed the continuation of his 32 years of service; as a Board Member.

In November, the Board announced the retirement of Vice Chairman of the Board, Robert Brown. Mr. McCasland stated, “Bob Brown’s contributions to the WCTFCU have helped countless members, and their families, with achieving their most sought-after financial needs and wishes. Through his devotion, intellect and keen sense of purpose, Bob’s participation as the Vice-Chairman of the WCTFCU Board of Directors for over 25 years, is a testament to his genuine concern for the betterment of teachers and their families. His rich legacy is a model for all of us on the Board to emulate.” The Credit Union is sincerely grateful to Mr. Brown for his dedicated service to our Membership and organization.

Additionally, in November, Robert Haxhi, Social Studies Department Chairperson, Wilby High School, was elevated to Board Member from his role on the Supervisory Committee. On-going growth, and success is anticipated with Mr. McCasland’s and the Board’s leadership; as the Credit Union continues to Empower Members for Financial Success.

Press Release

Board of Directors News

During the summer of 2020, the Board of Directors announced the elevation and appointment of Peter McCasland from Board Member, to Chairman of the Board. Following 18 years of dedicated service as Board Chairman, Jack Cronan confirmed the continuation of his 32 years of service; as a Board Member.


In November, the Board announced the retirement of Vice Chairman of the Board, Robert Brown. Mr. McCasland stated, “Bob Brown’s contributions to the WCTFCU have helped countless members, and their families, with achieving their most sought-after financial needs and wishes. Through his devotion, intellect and keen sense of purpose, Bob’s participation as the Vice-Chairman of the WCTFCU Board of Directors for over 25 years, is a testament to his genuine concern for the betterment of teachers and their families. His rich legacy is a model for all of us on the Board to emulate.” The Credit Union is sincerely grateful to Mr. Brown for his dedicated service to our Membership and organization.


Additionally, in November, Robert Haxhi, Social Studies Department Chairperson, Wilby High School, was elevated to Board Member from his role on the Supervisory Committee. On-going growth, and success is anticipated with Mr. McCasland’s and the Board’s leadership; as the Credit Union continues to Empower Members for Financial Success.


Scholarship-Recipients-2019 WCTFCU

$16,000 in Scholarships Granted in 2019!


On July 25th, 2019, in a ceremony held at the Middlebury Branch, the Waterbury CT Teachers Federal Credit Union granted $16,000 in scholarships to area students. The ceremony was led by Board Chairman, Jack Cronan, and Board Members, John Fontaine and Gary Huckins. 

The 2019 WCTFCU Scholarships recipients
Ahmee Konishi, a Nonnewaug High School graduate, received The Jean O’Brien Memorial Scholarship. Named for a former Board Member, this 4-year scholarship is granted to an exemplary student who has a declared major in Education, and is planning for a career in teaching. Ahmee will attend Vassar College. 

The 4 general Scholarships were granted to Olivia Davidson and Elizabeth Carrizzo - Brookfield High School graduates, and Olivia Sarasin, a Wolcott High School graduate; all of whom will attend the University of Connecticut, and Diana Ieronimo, a Terryville High School graduate, who will attend Boston College.

Prior years' recipients of The Jean O’Brien Memorial Scholarship, who confirmed the continuation of their Education Major, received renewals of their 4 year Scholarship.

In 2019 WCTFCU received 61 scholarship applications. The Scholarship Committee, a subcommittee of the Board of Directors, carefully evaluated the anonymous Applicants’ Application Form, GPA, Transcript, Essay, and Extracurricular Activities Resume in order to rate each students’ submission, and select the recipients. 

Congratulations 2019 Scholarship Recipients!


Security Apps!

Fraud protection for WCTFCU Visa Debit & Credit Cards.

WCTFCU Members can get an extra level of security to safeguard their WCTFCU Debit & Visa Credit cards from fraud.

To control access, usage & spending on your WCTFCU debit &/or credit cards, simply use our 2 free mobile Apps on your smartphone & tablet.

Each App is unique to the specific card.
CardValet for your debit card
SecurLOCK Equip for your credit card

You can decide when, where and how your card is used; set customized alerts and activity limits.

Already using the Debit Card Alerts feature within WCTFCU online banking? For faster Debit Card Alerts, we suggest that you switch to CardValet. 

 Click below to learn more about each App:


Your Accidental Death & Dismemberment (AD&D) Plan

WCTFCU is switching AD&D insurance providers.

Have you elected to purchase additional Accidental Death & Dismemberment (AD&D) coverage through CUNA Mutual?   (Supplemental to the $3,000 already provided through CUNA Mutual at no cost to WCTFCU Members.)

If so, effective December 1, 2018, Minnesota Life Insurance Company is your new carrier for your AD&D coverage. This includes the initial $3,000 provided to you at no cost by WCTFCU, as well as any  supplemental coverage that you choose to purchase.

Premium Payments You may have noticed that your December 2018 monthly AD&D premium was not deducted. This is because you will no longer pay on a monthly basis; you will now pay quarterly. Due to the change in administrator, the December 2018 billing will be delayed to be billed on or around January 14, 2019. Going forward, your premiums will be billed on a quarterly basis, on or around the third business day of March, June, September and December.

There will be no interruption in coverage. Affinion Benefits Group, LLC will be the new Plan Administrator.

You will be receiving a letter shortly from Minnesota Life with detailed information on these changes. 

 

2018 Scholarships Awarded

DSCN1176

2018 WCTFCU Scholarship Recipients (Left to Right) Kayleigh Anne Moses, Alexa Millius, Lauren Stango, John Fontaine Board Member, Missing from the photo is Gaia Mistriel 


Teacher’s Credit Union Grants $14,000 in Scholarships

The Waterbury CT Teachers Federal Credit Union granted $14,000 in scholarships to area students. The Credit Union received 62 scholarship applications this year. The Scholarship Committee, a subcommittee of the Board of Directors, carefully evaluated the anonymous Applicants’ Application Form, GPA, Transcript, Essay, and Extracurricular Activities Resume in order to rate each students’ submission, and select the recipients. 

The WCTFCU Board of Directors is pleased to introduce, the 2018 WCTFCU Scholarships recipients, all of whom graduated with honors. Alexa Millius, a Thomaston High School graduate, received The Jean O’Brien Memorial Scholarship named for a former Board Member, this is a 4-year scholarship granted to a student with a declared major in education and plans for a career in teaching. Alexa will attend Central CT State University.

The 3 WCTFCU general Scholarships were granted to the following 2018  graduates. Kayleigh Anne Moses, a graduate of Southington High School who will attend Trinity College, Gaia Mistriel a Danbury High School graduate who will attend Eastern CT State University, Lauren Stango, a Pomperaug High School graduate, will attend Lafayette College.

Additionally, the 2015, 2016 and 2017 recipients of The Jean O’Brien Memorial Scholarship all received renewals of their 4 year Scholarship.

Congratulations 2018 Scholarship Recipients!
 



2017 Scholarships Awarded

2017 WCTFCU Scholarship Recipients (Left to Right) John Fontaine Board Member, Shannon Goggin, Damaris Cabrera’s Mother (rep), Heather Brown, John Cronan Chairman WCTFCU Board of Directors, Katelyn Brodeur, Gary Huckins Board Member. 


Teacher’s Credit Union Grants $12,500 in Scholarships

The Waterbury CT Teachers Federal Credit Union granted $12,500 in scholarships to 4 area students The Credit Union received 55 scholarship applications this year. The Scholarship Committee, a subcommittee of the Board of Directors, carefully evaluated the anonymous Applicants’ Application Form, GPA, Transcript, Essay, and Extracurricular Activities to rate each students’ submission, and select the recipients. 

There were some stand-out themes among this year’s scholarship recipients. All started saving for college at a young age, and each wrote of the importance of personal responsibility and hard work.
Furthermore, their personal commitment to hard work within academics, areas of interest, and volunteerism has resulted in a very high level of performance.

The WCTFCU Board of Directors is pleased to introduce, the 2017 WCTFCU Scholarships recipients, all of whom graduated with honors. Katelyn Brodeur, a Naugatuck High School graduate, received The Jean O’Brien Memorial Scholarship a 4-year scholarship granted to a student with a declared major in education and plans for a career in teaching. Katelyn will attend Southern CT State University. The 3 Waterbury CT Teachers Federal Credit Union $1,500 Scholarships were granted to the following 2017 graduates. Damaris Cabrera, a graduate of John F. Kennedy High School. Damaris will attend the University of Connecticut. Heather Brown, a graduate of Sacred Heart High School, will attend the University of Connecticut. Shannon Goggin, a graduate of Nonnewaug High School will attend Texas A&M University.