Mar, 31, 2021 — TERMINAL CREDIT UNION is a federally insured state chartered credit union headquartered in Metairie, LA with 1 branch location and about $17.05 million in total assets. Opened 70 years ago in 1951, TERMINAL CREDIT UNION has about 857 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TERMINAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1215 Clearview Parkway Metairie, LA 70001-3419 |
| Phone: | (504) 885-8267 |
| Fax: | (504) 885-3009 |
| Website: | http://www.terminalcu.com |
| Branches: | 1 branch locations |
| Members: | 857 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62754 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,052,820 |
| CEO/Manager: | Lynette DeMers |
| Chairperson: | George E DeMers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,325,169 |
| TOTAL INVESTMENTS | 11,256,412 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,433,075 |
| Unsecured Loans | 273,280 |
| Other Loans | 1,714,602 |
| TOTAL LOANS | 4,420,957 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -173,053 |
| Land And Building | 43,104 |
| Other Fixed Assets | 14,749 |
| NCUSIF Deposit | 130,824 |
| All Other Assets | 34,658 |
| TOTAL ASSETS | 17,052,820 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,089 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,625 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 9,107,805 |
| All Other Shares & Deposits | 4,243,244 |
| TOTAL SHARES & DEPOSITS | 13,351,049 |
| TOTAL LIABILITIES | 13,358,763 |
| Regular Reserve | 300,000 |
| Other Reserves | 72,760 |
| Undivided Earnings | 3,321,297 |
| TOTAL EQUITY | 3,694,057 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,052,820 |
| INCOME & EXPENSE | |
| Loan Income | 77,445 |
| Investment Income | 36,995 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 22,792 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,763 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 18,673 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 49,759 |
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