Jun, 30, 2023 — 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 60 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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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