Jun, 30, 2024 — TERMINAL CREDIT UNION is a federally insured state chartered credit union headquartered in METAIRIE, LA with 1 branch location and about $14.72 million in total assets. Opened 74 years ago in 1951, TERMINAL CREDIT UNION has about 722 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 Pkwy METAIRIE, LA 70001-3419 |
| Phone: | (504) 885-8267 |
| Fax: | (504) 885-3009 |
| Website: | https://www.terminalcu.com |
| Branches: | 1 branch locations |
| Members: | 722 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,715,056 |
| CEO/Manager: | Carol Irby |
| Chairperson: | George E DeMers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 128,932 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,015,592 |
| Unsecured Loans | 260,537 |
| Other Loans | 1,802,003 |
| TOTAL LOANS | 4,078,132 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -105,922 |
| Land And Building | 40,688 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 138,911 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,715,056 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 447,010 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 758,112 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 8,473,101 |
| All Other Shares & Deposits | 2,449,722 |
| TOTAL SHARES & DEPOSITS | 10,922,823 |
| TOTAL LIABILITIES | 12,127,945 |
| Regular Reserve | 0 |
| Other Reserves | -874,092 |
| Undivided Earnings | 3,461,203 |
| TOTAL EQUITY | 2,587,111 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,715,056 |
| INCOME & EXPENSE | |
| Loan Income | 198,825 |
| Investment Income | 70,326 |
| Other Income | 4,001 |
| Total Employee Compensation & Benefits | 1,850 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 207,649 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 473,711 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -379,771 |
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