Jun, 30, 2024 — TACOMA LONGSHOREMEN CREDIT UNION is a federally insured state chartered credit union headquartered in TACOMA, WA with 1 branch location and about $130.41 million in total assets. Opened 62 years ago in 1963, TACOMA LONGSHOREMEN CREDIT UNION has about 3,248 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TACOMA LONGSHOREMEN CREDIT UNION |
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Address: (Main Office) | 3602 E Alexander Ave TACOMA, WA 98424-1110 |
Phone: | (253) 272-2161 |
Fax: | (253) 572-2887 |
Website: | https://tlcu23.com |
Branches: | 1 branch locations |
Members: | 3,248 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68229 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $130,405,548 |
CEO/Manager: | Mark R Merriman |
Chairperson: | Marland G Guinn |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,549,554 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,263,168 |
Unsecured Loans | 1,493,681 |
Other Loans | 12,014,128 |
TOTAL LOANS | 24,770,977 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -195,002 |
Land And Building | 904,046 |
Other Fixed Assets | 48,179 |
NCUSIF Deposit | 987,263 |
All Other Assets | 0 |
TOTAL ASSETS | 130,405,548 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 46,795 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 59,889,133 |
Regular shares | 56,221,677 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 116,110,810 |
TOTAL LIABILITIES | 116,157,605 |
Regular Reserve | 0 |
Other Reserves | 806,978 |
Undivided Earnings | 13,440,965 |
TOTAL EQUITY | 14,247,943 |
TOTAL LIABILITIES, SHARES, & EQUITY | 130,405,548 |
INCOME & EXPENSE | |
Loan Income | 712,777 |
Investment Income | 1,151,638 |
Other Income | 12,988 |
Total Employee Compensation & Benefits | 577,358 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 357,519 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,000 |
Cost of Funds | 805,431 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 198,008 |
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