Credit union · NCUA insured
T.E.A. Federal Credit Union
A $2.5M credit union headquartered in Houma, LA, with 939 members and 1 branch in Louisiana. Best rates: savings 0.30% APY.
T.E.A. Federal Credit Union Carrot Score
61
Carrot Score
Higher than 4% of U.S. banks and credit unions
#9 of 11 in Houma, LA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About T.E.A. Federal Credit Union
Founded in 1967 by ten Terrebonne Parish School System employees, T.E.A. Federal Credit Union was chartered by the NCUA to promote thrift and provide low-cost loans.
Operating from Houma, Louisiana, the institution is a member-owned cooperative and not-for-profit credit union.
In 2014, the credit union transitioned to an NCUA community charter to serve individuals living, working, or worshiping within its charter parishes.
- Headquarters
- 7220 Main St, Houma, LA 70360
- NCUA charter
- 18462
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Anyone who lives, works, or worships in the credit union's charter parishes is eligible for membership.
Employers and groups
- Members of the Board of Directors of the Terrebonne Parish Men Day Association who work in Houma, LA are eligible for membership.
Cost to join
- Must maintain a minimum balance of $25.00 for full service.
- A minimum deposit of $35.00 is required to open an account.
- A membership fee of $10.00 is required.
Branches
1 branch in Louisiana
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Louisiana
1 branch
- T. E. A. Federal Credit UnionMain office7220 Main St, Houma, LA 70360Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 8.08% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 3.10% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | -0.36% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $69 | $59 | — |
- CapitalNet worth ratio8.08%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late3.10%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets-0.36%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$69Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of T.E.A. Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.