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TACOMA LONGSHOREMEN CREDIT UNION

Jun, 30, 2021 — TACOMA LONGSHOREMEN CREDIT UNION is a federally insured state chartered credit union headquartered in Tacoma, WA with 1 branch location and about $123.29 million in total assets. Opened 58 years ago in 1963, TACOMA LONGSHOREMEN CREDIT UNION has about 3,191 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
Address:
(Main Office)
3602 E Alexander Ave
Tacoma, WA 98424-1110
Phone:(253) 272-2161
Fax:(253) 572-2887
Website:http://tlcu23.com
Branches:1 branch locations
Members:3,191
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68229
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1963
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$123,290,425
CEO/Manager:Mark R Merriman
Chairperson:Marland G Guinn

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,648,085
TOTAL INVESTMENTS 87,374,727
Loans Held for Sale 0
 
 Real Estate Loans 8,976,745
 Unsecured Loans 1,537,700
 Other Loans 11,293,456
 TOTAL LOANS 21,807,901
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -181,348
 Land And Building 927,420
 Other Fixed Assets 68,861
 NCUSIF Deposit 900,297
 All Other Assets 2,744,482
  TOTAL ASSETS 123,290,425
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 46,743
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 68,722,770
 Regular shares 40,937,656
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 109,660,426
  TOTAL LIABILITIES 109,707,169
 Regular Reserve 952,809
 Other Reserves -168,895
 Undivided Earnings 12,799,342
  TOTAL EQUITY 13,583,256
  TOTAL LIABILITIES, SHARES, & EQUITY 123,290,425
INCOME & EXPENSE  
 Loan Income 447,207
 Investment Income 785,416
 Other Income 15,068
 Total Employee Compensation & Benefits 355,024
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 211,258
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -10,000
 Cost of Funds 396,837
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 459,370
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