Dec, 31, 2023 — T E A FEDERAL CREDIT UNION is a federal credit union headquartered in HOUMA, LA with 1 branch location and about $2.48 million in total assets. Opened 57 years ago in 1967, T E A FEDERAL CREDIT UNION has about 887 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | T E A FEDERAL CREDIT UNION |
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Address: (Main Office) | 7220 Main St HOUMA, LA 70360 |
Phone: | (985) 876-6269 |
Fax: | (985) 868-8462 |
Website: | https://www.teafcu.org |
Branches: | 1 branch locations |
Members: | 887 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18462 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,481,058 |
CEO/Manager: | Marilyn Staidum |
Chairperson: | GARY WILLIAMS SR |
ASSETS: | $ Amount |
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Cash & Equivalents | 187,741 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 368,936 |
Other Loans | 1,312,231 |
TOTAL LOANS | 1,681,167 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,646 |
Land And Building | 70,363 |
Other Fixed Assets | 9,775 |
NCUSIF Deposit | 26,039 |
All Other Assets | 0 |
TOTAL ASSETS | 2,481,058 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 980 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,061 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 169,229 |
Regular shares | 1,155,324 |
All Other Shares & Deposits | 971,964 |
TOTAL SHARES & DEPOSITS | 2,296,517 |
TOTAL LIABILITIES | 2,300,558 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 180,500 |
TOTAL EQUITY | 180,500 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,481,058 |
INCOME & EXPENSE | |
Loan Income | 98,820 |
Investment Income | 26,558 |
Other Income | 16,481 |
Total Employee Compensation & Benefits | 71,082 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 77,297 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 6,710 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -12,655 |
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» See also Statement of Financial Condition