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TACOMA LONGSHOREMEN CREDIT UNION

Dec, 31, 2020 — TACOMA LONGSHOREMEN CREDIT UNION is a federally insured state chartered credit union headquartered in Tacoma, WA with 1 branch location and about $114.10 million in total assets. Opened 58 years ago in 1963, TACOMA LONGSHOREMEN CREDIT UNION has about 3,162 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:3,162
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:$114,100,619
CEO/Manager:Mark R Merriman
Chairperson:Marland G Guinn

Call Report

  • Credit Builder
  • Debt Cancellation/Suspension
  • Real Estate Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 10,782,171
TOTAL INVESTMENTS 81,324,116
Loans Held for Sale 0
 
 Real Estate Loans 5,418,953
 Unsecured Loans 1,607,400
 Other Loans 10,636,061
 TOTAL LOANS 17,662,414
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -185,789
 Land And Building 944,677
 Other Fixed Assets 54,258
 NCUSIF Deposit 839,620
 All Other Assets 2,679,152
  TOTAL ASSETS 114,100,619
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 48,238
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 53,552,958
 Regular shares 47,393,378
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 100,946,336
  TOTAL LIABILITIES 100,994,574
 Regular Reserve 952,808
 Other Reserves -186,734
 Undivided Earnings 12,339,971
  TOTAL EQUITY 13,106,045
  TOTAL LIABILITIES, SHARES, & EQUITY 114,100,619
INCOME & EXPENSE  
 Loan Income 935,494
 Investment Income 1,743,708
 Other Income 351,744
 Total Employee Compensation & Benefits 750,233
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 418,302
 Non-operating Income & (Expense) -13,074
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -30,000
 Cost of Funds 818,971
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,060,366
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