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TACOMA LONGSHOREMEN CREDIT UNION

Dec, 31, 2022 — 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

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Financial Summary

» See also Statement of Financial Condition
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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