Dec, 31, 2021 — TERMINAL CREDIT UNION is a federally insured state chartered credit union headquartered in METAIRIE, LA with 1 branch location and about $17.66 million in total assets. Opened 71 years ago in 1951, TERMINAL CREDIT UNION has about 856 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TERMINAL CREDIT UNION |
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Address: (Main Office) | 1215 Clearview Pkwy METAIRIE, LA 70001-3419 |
Phone: | (504) 885-8267 |
Fax: | (504) 885-3009 |
Website: | http://www.terminalcu.com |
Branches: | 1 branch locations |
Members: | 856 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62754 |
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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: | $17,662,344 |
CEO/Manager: | Lynette DeMers |
Chairperson: | George E DeMers |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,036,762 |
TOTAL INVESTMENTS | 12,651,090 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,123,340 |
Unsecured Loans | 214,352 |
Other Loans | 1,574,882 |
TOTAL LOANS | 3,912,574 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -164,064 |
Land And Building | 42,483 |
Other Fixed Assets | 12,035 |
NCUSIF Deposit | 130,824 |
All Other Assets | 40,640 |
TOTAL ASSETS | 17,662,344 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,769 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,070 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 9,905,719 |
All Other Shares & Deposits | 3,985,375 |
TOTAL SHARES & DEPOSITS | 13,891,094 |
TOTAL LIABILITIES | 13,896,933 |
Regular Reserve | 300,000 |
Other Reserves | -75,563 |
Undivided Earnings | 3,540,974 |
TOTAL EQUITY | 3,765,411 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,662,344 |
INCOME & EXPENSE | |
Loan Income | 289,623 |
Investment Income | 118,127 |
Other Income | 5,275 |
Total Employee Compensation & Benefits | 77,776 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 102,211 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 115,639 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 210,293 |
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