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Tacoma Longshoremen Credit Union

Overview
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Tacoma Longshoremen Credit Union is a federally insured state credit union based in Tacoma, Washington. It has been opened since 1963, for 57 years.

With around $97,600,000 in assets, Tacoma Longshoremen Credit Union is considered to be a large credit union. It has 1 branches and 1 ATM locations.

About
Address 3602 E. Alexander Avenue
Tacoma, Washington 98424
Website http://tlcu23.com
Phone (253) 272-2161
Fax (253) 572-2887
CEO Mark R. Merriman
President of the Board Marland Guinn Jr.
Services Offered
Map
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Score Card
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57 years
Years in business
Opened in 1963
Well Capitalized
Net worth classification
Source: NCUA
3,150 members
Membership type: State chartered natural person credit union
Average number of members
450:1
Credit union member to staff ratio
450 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$97,599,136
Total assets
Above average
1 branch
Compared with an average of 4 nationally and 6 in Washington
Average number of branches
1.25%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 6 in Washington
Average number of branches
Tacoma Longshoremen Credit Union Branch Locations

Tacoma Longshoremen Credit Union: Office
3602 E. Alexander Avenue
Tacoma, Washington 98424
ATM Available
Members
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3,150 members
Membership type: State chartered natural person credit union
Average number of members

With 3,150 members, the Tacoma Longshoremen Credit Union is considered to be a medium size credit union. It is larger than 46% of credit unions.

Fees
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$23
Average fee per member
The average fee per member at the Tacoma Longshoremen Credit Union is $23, which is low compared to most credit unions. This rate is lower than 70% 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 Tacoma Longshoremen Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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450:1
Credit union member to staff ratio
450 per each FTE employee
Compared to 411:1 nationally
Fewer staff
7 staff members
FTE (full-time equivalent)
0% of employees are part-time
7 full-time, 0 part-time

Tacoma Longshoremen Credit Union has 7 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Tacoma Longshoremen Credit Union has around 450 members per staff, a higher ratio compared to other credit unions.

Assets
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$97,599,136
Total assets
Above average
Net worth
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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.
11.8%
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
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$21,186
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 93% of credit unions.

Tacoma Longshoremen Credit Union holds a total of $20,060,000 in loans and leases, which is about $21,186 per member on average.

Savings interest rate
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1.25%
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. Tacoma Longshoremen Credit Union pays 1.25%.

Loan rates
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12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.25%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.49%
New car loan rate
Compared to 4.0% nationally
5.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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7.56%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
6.08%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally