T E A Credit Union Houma LA | Affordable Auto Loans & Business Banking

Introduction

Welcome to T E A Federal Credit Union, your trusted financial partner since 1967. Located at 7220 Main St, Houma, LA 70360, we take pride in serving our community and meeting the diverse financial needs of our members. With a strong commitment to member satisfaction, we currently boast a membership of 919 individuals who rely on us for their banking needs. At T E A, we're not just about numbers; we're about people. Our total assets stand at an impressive $2,458,686, with total deposits reaching $222,458. We offer a variety of services including personal banking, auto loans, mortgages, and more to help you achieve your financial goals. Our dedicated team of just three employees is here to provide personalized service every step of the way. While members can visit us at our branch location, any official correspondence should be directed to our mailing address: PO Box 3380, Houma, LA 70361. Under the leadership of CEO Marilyn Staidum and Board President Gary Williams Sr, we are focused on building lasting relationships with our members based on trust and reliability. Whether you're looking to open a new account or explore loan options, we're here to help. You can reach us at (985) 876-6269 during our operating hours from 11:30 A.M. - 4:30 P.M. Monday through Thursday, and until 5:00 P.M. on Fridays. Join us in making the most out of your finances today! Visit our website at teafcu.org for more information or stop by to see how we can serve you better.

Branch History & Mission

Join Us

As we move forward into the future, T E A Federal Credit Union remains committed to innovation and accessibility. Though we currently do not offer online banking or mobile payments, we are continually exploring ways to enhance our digital presence while maintaining the personal touch that sets us apart. We invite you to join us on this journey! Experience the benefits of being a member of T E A Federal Credit Union where your financial well-being is at the heart of everything we do. Together, let's build a brighter future for ourselves and our community. For more information or to become a member today, please contact us at (985) 876-6269 or visit our website at www.teafcu.org.

Our Mission

At T E A Federal Credit Union, our mission is simple yet profound: to empower our members with financial knowledge and services that enhance their lives. We are committed to providing personal banking options such as checking and savings accounts, auto loans, mortgage loans, credit cards with rewards, and business banking services. We believe that everyone deserves access to sound financial guidance and quality service. Our dedication extends beyond mere transactions; we aim to build lasting relationships within our community. We actively engage in outreach efforts and partnerships that uplift those around us. By supporting local initiatives and events, we contribute to the growth of Houma and its residents. While members can visit us at 7220 Main St Houma La 70360, official correspondence should be sent to PO Box 3380, Houma, LA 70361. This ensures that all communications are handled promptly and effectively.

Branch Location & Accessibility

Call to Action

We invite you to stop by our branch or give us a call at 985-876-6269 if you have any questions or need assistance. Experience the difference of community-focused banking with T E A Federal Credit Union today!

Convenient Access and Features

Our branch is designed with accessibility in mind, featuring ADA-compliant entrances and ample parking for your convenience. If you're short on time, take advantage of our drive-thru banking service, which allows you to handle deposits and withdrawals without leaving your car. Unfortunately, we do not currently offer ATM services at this location.

Operating Hours

We know your time is valuable! That's why we strive to accommodate your schedule with operating hours that work for you. Our lobby is open from 11:30 A.M. to 4:30 P.M. Monday through Thursday, and we extend our hours until 5:00 P.M. on Fridays. We are closed on Saturdays but are always ready to assist you during the week.

Services Offered

At T E A Federal Credit Union, we offer a variety of personal banking services tailored to meet your needs from checking and savings accounts to auto loans and mortgage refinancing. Our dedicated team is here to help you navigate your financial journey smoothly.

Member Eligibility

Becoming a member of T E A is like joining a family that genuinely cares about your financial well-being. Located at 7220 Main St Houma La 70360, we welcome individuals who live, work, or worship in our community, as well as their family members. This means if you're part of our local area or have loved ones who are, you can easily take advantage of all the benefits we offer. Membership at T E A provides access to personalized banking services tailored just for you, including competitive rates on loans and savings accounts. Plus, you'll enjoy the friendly support of our dedicated team ready to assist you every step of the way. Getting started is simple! You can find all the detailed eligibility requirements by visiting our website at http://www.teafcu.org/membership . If you're ready to open an account or need more information, feel free to give us a call at (985) 876-6269. We're excited to welcome you into our community!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. Whether you're looking to expand your operations or invest in new equipment, our tailored loan options can provide the financial boost you need.

Merchant Services

In today's fast-paced market, efficient payment processing is key to customer satisfaction. That's where our merchant services come into play. Imagine being able to accept payments quickly and securely, giving your customers the convenience they expect. With our solutions, you can focus on what matters most growing your business. We invite you to visit us at 7220 Main St Houma La 70360 or call us at (985) 876-6269 to learn more about how we can help your business succeed!

Comprehensive List Of Services

ATM & Cash Withdrawal Services

While we don't have ATMs available at our branch, we do offer drive-thru banking for quick deposits and withdrawals. This means even when you're short on time, getting cash or handling transactions is quick and convenient. At T E A, we're committed to making banking accessible and beneficial for everyone in our community. If you're ready to explore how we can assist with your financial journey or if you have any questions about our services, feel free to give us a call at (985) 876-6269 or visit us at 7220 Main St Houma La 70360 in Houma. We look forward to serving you!

Auto Loans & Vehicle Financing

Looking to purchase a new vehicle? Our auto loans and vehicle financing options can help get you on the road without stress. Picture driving away in your new car with a loan that fits comfortably within your budget. We work with you to find competitive rates and flexible terms, so you can focus on enjoying the ride.

Business Banking

For entrepreneurs, our business banking services, including merchant services and business loans, are tailored to support your company's growth. We know running a business comes with its challenges; that's why we're here to provide solutions that help simplify cash flow management and funding needs.

Credit Cards with Rewards

Our credit cards with rewards make everyday spending more rewarding. Earn points or cashback on purchases that matter most to you. Imagine getting something back just for using your card it's like earning rewards for living life!

Mortgage Loans & Refinancing

If buying a home is in your future, our mortgage loans and refinancing services provide the support you need. We understand that purchasing a home is one of the biggest decisions you'll make. That's why we guide you through every step, ensuring you have the best possible rate and terms for your mortgage.

Online & Mobile Banking

In today's fast-paced world, convenience matters. With our online and mobile banking, managing your finances is as easy as tapping on your smartphone or logging into your computer. Check balances, transfer funds, or pay bills anytime, anywhere because banking should fit into your life.

Personal Banking

Whether you're just starting out or looking to manage your wealth, our personal banking options are designed for you. We offer checking and savings accounts that fit your lifestyle, making it simple to manage your day-to-day finances. Imagine easily tracking your spending while saving for that dream vacation or a new car.

Personal Loans & Debt Consolidation

For those unexpected expenses or consolidating debt, our personal loans can be a helpful solution. Whether it's covering medical bills or funding a home improvement project, we offer straightforward options to help you manage your finances effectively.

Digital & Online Banking

Mobile Banking Options

While we don't have a mobile application or mobile payments available at this time, you can still access our website through your smartphone for quick and easy banking. This flexibility lets you stay in control of your finances, whether you're at home or out running errands.

Money Transfers Made Easy

Need to send money to a friend? While person-to-person transfers aren't offered just yet, we're always working on enhancing our services for you. Our goal is to provide features that fit your lifestyle and help simplify your financial interactions. In summary, while some digital conveniences may not be available today, T E A is dedicated to delivering secure and user-friendly banking solutions that meet your needs. Stay tuned for future updates, and thank you for being a valued member of our community!

Financial Strength

Growing Member Base

Total Share Accounts stand at 1,041, showcasing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0. In conclusion, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, T E A is your trusted partner. Visit us at 7220 Main St Houma La 70360 or call (985) 876-6269 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Member-Centric Savings Options

Members' savings are secured through $417,003 in share certificates and $379,674 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operational efficiency is reflected in our $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 2 full-time employees and 1 part-time employees who are always ready to assist you with knowledgeable service.

Reinvestment for Growth

With $180,946 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals with $29 in used auto loans and $1,753,754 in total loans and leases.

Strong Financial Health

With a net worth of $180,946, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our commitment to you is reinforced by our net worth ratio of $736, which demonstrates a solid capital foundation. This ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $505,467 in used vehicle loans and $841,425 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive rates to ensure that you can find the right financing option for your needs.

Credit Lines and Unsecured Loans

For those who need a little extra flexibility, we provide credit lines totaling $150,000. Although we currently do not have any unsecured credit card loans available, our commitment is to help you effectively manage your finances through tailored products.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. While we currently do not offer Junior Lien 1-4 Family Residential Properties loans, we encourage you to explore our eligibility options for future opportunities.

Refinancing Options

If you're considering refinancing any existing loans or exploring eligibility for our various offerings, please reach out to us at 985-876-6269. Our team is here to assist you with understanding your options. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. At T E A, we pride ourselves on being a supportive partner in your financial journey. Whether it's an auto loan or managing your day-to-day finances through credit lines, we aim to provide solutions that cater specifically to your needs. Visit us today or check out more information online at teafcu.org.

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T E A FEDERAL CREDIT UNION