Dec, 31, 2023 — TEAMSTERS COUNCIL #37 FEDERAL CREDIT UNION is a federal credit union headquartered in PORTLAND, OR with 2 branch locations and about $70.30 million in total assets. Opened 63 years ago in 1961, TEAMSTERS COUNCIL #37 FEDERAL CREDIT UNION has about 5,496 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TEAMSTERS COUNCIL #37 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1866 NE 162nd Ave PORTLAND, OR 97230-5642 |
| Phone: | (503) 251-2390 |
| Fax: | (503) 251-2310 |
| Website: | https://www.tcu37.com |
| Branches: | 2 branch locations |
| Members: | 5,496 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14196 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $70,302,320 |
| CEO/Manager: | Steven Haight |
| Chairperson: | Steve Pickle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,729,991 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,863,813 |
| Unsecured Loans | 594,136 |
| Other Loans | 13,780,476 |
| TOTAL LOANS | 22,238,426 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -159,688 |
| Land And Building | 0 |
| Other Fixed Assets | 118,787 |
| NCUSIF Deposit | 532,849 |
| All Other Assets | 0 |
| TOTAL ASSETS | 70,302,320 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 30,415 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 161,013 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,809,097 |
| Regular shares | 24,612,221 |
| All Other Shares & Deposits | 28,713,569 |
| TOTAL SHARES & DEPOSITS | 60,134,887 |
| TOTAL LIABILITIES | 60,326,315 |
| Regular Reserve | 0 |
| Other Reserves | 856,938 |
| Undivided Earnings | 9,119,067 |
| TOTAL EQUITY | 9,976,005 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 70,302,320 |
| INCOME & EXPENSE | |
| Loan Income | 979,016 |
| Investment Income | 1,314,004 |
| Other Income | 59,557 |
| Total Employee Compensation & Benefits | 727,591 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 733,059 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 89,000 |
| Cost of Funds | 271,192 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 700,009 |
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