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TACOMA LONGSHOREMEN CREDIT UNION

Mar, 31, 2022 — TACOMA LONGSHOREMEN CREDIT UNION is a federally insured state chartered credit union headquartered in TACOMA, WA with 1 branch location and about $132.31 million in total assets. Opened 59 years ago in 1963, TACOMA LONGSHOREMEN CREDIT UNION has about 3,224 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:3,224
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:$132,310,350
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 7,510,614
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 11,621,207
 Unsecured Loans 1,407,244
 Other Loans 11,275,662
 TOTAL LOANS 24,304,113
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -178,044
 Land And Building 906,028
 Other Fixed Assets 56,098
 NCUSIF Deposit 944,573
 All Other Assets 0
  TOTAL ASSETS 132,310,350
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 53,632
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 60,767,947
 Regular shares 57,349,043
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 118,116,990
  TOTAL LIABILITIES 118,170,622
 Regular Reserve 0
 Other Reserves 787,515
 Undivided Earnings 13,352,213
  TOTAL EQUITY 14,139,728
  TOTAL LIABILITIES, SHARES, & EQUITY 132,310,350
INCOME & EXPENSE  
 Loan Income 227,224
 Investment Income 367,571
 Other Income 3,878
 Total Employee Compensation & Benefits 183,635
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 115,037
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 214,942
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 109,258
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