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TACOMA LONGSHOREMEN CREDIT UNION

Dec, 31, 2021 — TACOMA LONGSHOREMEN CREDIT UNION is a federally insured state chartered credit union headquartered in TACOMA, WA with 1 branch location and about $129.59 million in total assets. Opened 59 years ago in 1963, TACOMA LONGSHOREMEN CREDIT UNION has about 3,214 members and employs 6 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:3,214
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:$129,585,444
CEO/Manager:Mark R Merriman
Chairperson:Marland G Guinn

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,862,107
TOTAL INVESTMENTS 93,351,929
Loans Held for Sale 0
 
 Real Estate Loans 10,451,852
 Unsecured Loans 1,440,996
 Other Loans 10,949,517
 TOTAL LOANS 22,842,365
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -177,802
 Land And Building 910,834
 Other Fixed Assets 59,999
 NCUSIF Deposit 944,573
 All Other Assets 2,791,439
  TOTAL ASSETS 129,585,444
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 41,222
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 58,788,556
 Regular shares 56,734,926
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 115,523,482
  TOTAL LIABILITIES 115,564,704
 Regular Reserve 952,809
 Other Reserves -175,025
 Undivided Earnings 13,242,956
  TOTAL EQUITY 14,020,740
  TOTAL LIABILITIES, SHARES, & EQUITY 129,585,444
INCOME & EXPENSE  
 Loan Income 911,564
 Investment Income 1,557,155
 Other Income 24,522
 Total Employee Compensation & Benefits 738,561
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 426,223
 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 826,782
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 902,984
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