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T E A Credit Union Share
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Overview Share
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T E A Credit Union is a federal credit union based in Houma, Louisiana. It has been opened since 1967, for 55 years.

With around $2,250,000 in assets, T E A Credit Union is considered to be a small credit union.

About Share
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Address Po Box 3380
Houma, Louisiana 70361
Website http://www.tea.cuweb.org
Phone (985) 876-6269
Fax (985) 868-8462
CEO Marilyn Staidum
President of the Board Anthony Lewis
Services Offered
Score Card Share
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55 years
Years in business
Opened in 1967
Well Capitalized
Net worth classification
Source: NCUA
794 members
Membership type: Multiple common bond – primary educational
Below average number of members
397:1
Credit union member to staff ratio
397 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$2,249,032
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in Louisiana
Average number of branches
0.30%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 2 in Louisiana
Average number of branches
T E A Credit Union Branch Locations
Members Share
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794 members
Membership type: Multiple common bond – primary educational
Below average number of members

With 794 members, the T E A Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 84% of credit unions.

Fees Share
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$32
Average fee per member
The average fee per member at the T E A Credit Union is $32, which is low compared to most credit unions. This rate is lower than 64% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the T E A Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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397:1
Credit union member to staff ratio
397 per each FTE employee
Compared to 411:1 nationally
Average number of staff
2 staff members
FTE (full-time equivalent)
67% of employees are part-time
1 full-time, 2 part-time

T E A Credit Union has 1 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 67% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. T E A Credit Union has around 397 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets Share
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$2,249,032
Total assets
Below average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
9.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$4,820
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 91% of credit unions.

T E A Credit Union holds a total of $1,340,000 in loans and leases, which is about $4,820 per member on average.

Savings interest rate Share
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0.30%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. T E A Credit Union pays 0.30%.

Loan rates Share
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13.25%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
13.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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8.00%
New car loan rate
Compared to 4.0% nationally
10.00%
Used car loan rate
Compared to 5.2% nationally

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Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.
T. E. A. Credit Union: T. E. A. Federal Credit Union
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Houma, Louisiana 70360 No ATM
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