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.
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