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T E A FEDERAL CREDIT UNION

Jun, 30, 2021 — T E A FEDERAL CREDIT UNION is a federal credit union headquartered in Houma, LA with 1 branch location and about $3.32 million in total assets. Opened 54 years ago in 1967, T E A FEDERAL CREDIT UNION has about 838 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:838
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$3,316,060
CEO/Manager:Marilyn Staidum
Chairperson:Dwayne Lyons

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,338,221
TOTAL INVESTMENTS 669,384
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 279,680
 Other Loans 954,479
 TOTAL LOANS 1,234,159
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,107
 Land And Building 61,679
 Other Fixed Assets 4,351
 NCUSIF Deposit 24,362
 All Other Assets 8,011
  TOTAL ASSETS 3,316,060
LIABILITIES & CAPITAL:  
 Dividends Payable 1,142
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,382
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 125,248
 Regular shares 1,542,188
 All Other Shares & Deposits 1,440,183
  TOTAL SHARES & DEPOSITS 3,107,619
  TOTAL LIABILITIES 3,115,143
 Regular Reserve 166,522
 Other Reserves 0
 Undivided Earnings 34,395
  TOTAL EQUITY 200,917
  TOTAL LIABILITIES, SHARES, & EQUITY 3,316,060
INCOME & EXPENSE  
 Loan Income 40,806
 Investment Income 2,958
 Other Income 5,482
 Total Employee Compensation & Benefits 29,435
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 33,301
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,161
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -13,195
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