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T E A FEDERAL CREDIT UNION

Dec, 31, 2020 — T E A FEDERAL CREDIT UNION is a federal credit union headquartered in HOUMA, LA with 1 branch location and about $2.82 million in total assets. Opened 54 years ago in 1967, T E A FEDERAL CREDIT UNION has about 840 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
Address:
(Main Office)
PO BOX 3380
HOUMA, LA 70361
Phone:(985) 876-6269
Fax:(985) 868-8462
Website:http://www.teafcu.org
Branches:1 branch locations
Members:840
Credit Union Type:Federal Credit Union
Charter Number:18462
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1967
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,816,536
CEO/Manager:Marilyn Staidum
Chairperson:Dwayne Lyons

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Pay Day Loans
  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 729,779
TOTAL INVESTMENTS 667,765
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 349,636
 Other Loans 1,000,754
 TOTAL LOANS 1,350,390
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,316
 Land And Building 55,231
 Other Fixed Assets 5,122
 NCUSIF Deposit 19,126
 All Other Assets 9,439
  TOTAL ASSETS 2,816,536
LIABILITIES & CAPITAL:  
 Dividends Payable 1,396
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,809
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 132,111
 Regular shares 1,072,782
 All Other Shares & Deposits 1,391,326
  TOTAL SHARES & DEPOSITS 2,596,219
  TOTAL LIABILITIES 2,602,424
 Regular Reserve 166,522
 Other Reserves 0
 Undivided Earnings 47,590
  TOTAL EQUITY 214,112
  TOTAL LIABILITIES, SHARES, & EQUITY 2,816,536
INCOME & EXPENSE  
 Loan Income 90,437
 Investment Income 9,735
 Other Income 38,870
 Total Employee Compensation & Benefits 59,503
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 68,426
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -9,000
 Cost of Funds 8,858
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,255
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