Overview
What is Tacoma Longshoremen Credit Union?
Tacoma Longshoremen Credit Union (TLCU) is a member-driven financial institution, situated in Tacoma, Washington, specifically at 3602 Alexander Ave, with a strong commitment to its 3,237 members. As a cooperative, TLCU promotes thrift and offers a variety of financial services, including savings, deposits, and loans, totaling $13,116,354 in loans granted in the given period. The organization's mission lies in catering to its members' financial needs, fostering their financial well-being, and delivering these services in a thoughtful and considerate manner. TLCU currently employs a team of eight dedicated individuals to ensure the smooth operation of its services.
Official website here: www.tlcu23.com
Is Tacoma Longshoremen Credit Union legitimate?
Tacoma Longshoremen Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tacoma Longshoremen Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $183,307
Professional Fundraising Fees: $0
Other Salaries and Wages: $364,962
For more financial information, click here
Official website here: www.tlcu23.com
What is the mission statement of Tacoma Longshoremen Credit Union?
Tacoma Longshoremen Credit Union (TLCU) serves as a cooperative financial institution, dedicated to promoting thrift and offering various financial services to its members. Its primary mission is to cater to the financial needs of its members and enhance their financial well-being. TLCU achieves this objective by providing them with a range of financial services in a friendly and considerate manner. As a member-owned financial institution, TLCU offers mutual membership benefit programs, providing its 3,237 members with opportunities for savings, deposits, loans, and other financial services. Over the course of a specified period, TLCU granted a total of $13,116,354 in loans to its members, demonstrating its commitment to supporting their financial needs.
Official website here: www.tlcu23.com
Who is the CEO of Tacoma Longshoremen Credit Union?
Mark Merriman is the President of Tacoma Longshoremen Credit Union. The CEO's salary of Tacoma Longshoremen Credit Union is $183,307 and their total compensation is $247,700.
Official website here: www.tlcu23.com
What is the revenue of Tacoma Longshoremen Credit Union?
Tacoma Longshoremen Credit Union's revenue in 2022 was $2,687,551.
Official website here: www.tlcu23.com
Who are the executives of Tacoma Longshoremen Credit Union and what are their salaries?
The average compensation at Tacoma Longshoremen Credit Union during 2022 was $68,534. There are 8 employees and 11 volunteers at Tacoma Longshoremen Credit Union.
Here are 12 key members and their salaries (Tacoma Longshoremen Credit Union's CEO's salary is $183,307 and their total compensation is $247,700):
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- Compensation: $183,307
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- Other: $64,393
Official website here: www.tlcu23.com
Where can I find the form 990 for Tacoma Longshoremen Credit Union?
Tacoma Longshoremen Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tlcu23.com
Learn more at the official website: www.tlcu23.com
Mission Statement of Tacoma Longshoremen Credit Union
Tacoma Longshoremen Credit Union, abbreviated as TLCU, is a member-owned financial institution with a mission to serve and enhance the financial well-being of its members. This credit union cooperative promotes thrift and offers a variety of financial services, including savings, deposits, and loans. TLCU's primary objective is to meet the financial needs of its 3,237 members in a friendly and considerate manner. To achieve this, the credit union grants loans totaling significant amounts, such as $13,116,354 in 423 instances, thereby providing its members with essential financial assistance.
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Impact
October, 2024
Tacoma Longshoremen Credit Union (TLCU) significantly impacts its community by providing essential financial services tailored to its members' needs. With a membership base of 3,237 individuals, TLCU promotes thrift and adheres to cooperative principles, ensuring that its members benefit directly from its services. The credit union has played a crucial role in fostering financial stability by granting 423 loans totaling over $13 million, which enables members to achieve their financial goals, whether through purchasing homes, managing debt, or investing in education.
TLCU's mission centers on enhancing the financial well-being of its members through accessible savings, deposits, loans, and other financial services, all delivered in a friendly and considerate manner. This approach not only supports individual financial health but also strengthens the entire community by fostering a culture of financial empowerment and responsibility. By prioritizing member ownership and engagement, Tacoma Longshoremen Credit Union exemplifies the positive impact a member-focused financial institution can have in promoting economic stability and growth.
This information is meant to be a general summary of Tacoma Longshoremen Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,589,285
- Program Service Revenue: $1,067,083
- Gross Receipts: $2,687,551
Assets and Liabilities:
- Total Assets: $129,700,274
- Total Liabilities: $115,439,154
- Net Assets: $14,261,120
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST - MEMBER LOANS
Revenue
$962,483
INSURANCE INCOME
Revenue
$57,900
DEBT PROTECTION
Revenue
$19,418
FEES AND CHARGES
Revenue
$17,478
AD&D INCOME
Revenue
$9,804
Organization Details
Founding Year
1963
Phone
(253) 272-2161Principal Officer
Mark Merriman
Main Address
3602 ALEXANDER AVE, TACOMA, WA, 98424
Website
www.tlcu23.comNTEE Category
Code: W60 - Public benefit
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