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TELBEC FEDERAL CREDIT UNION

Dec, 31, 2021 — TELBEC FEDERAL CREDIT UNION is a federal credit union headquartered in Beckley, WV with 1 branch location and about $12.74 million in total assets. Opened 59 years ago in 1963, TELBEC FEDERAL CREDIT UNION has about 1,369 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TELBEC FEDERAL CREDIT UNION
Address:
(Main Office)
3695 Robert C Byrd Dr
Beckley, WV 25801-9069
Phone:(304) 255-9815
Fax:(304) 255-0927
Website:http://www.telbecfcu.com
Branches:1 branch locations
Members:1,369
Credit Union Type:Federal Credit Union
Charter Number:15632
Membership Type:Multiple common bond - Primarily communications and utilities
Corporate Credit Union:No
Year Opened:1963
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$12,740,401
CEO/Manager:Carisa Richards
Chairperson:Rick McKinney

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,673,893
TOTAL INVESTMENTS 1,860,383
Loans Held for Sale 0
 
 Real Estate Loans 1,118,315
 Unsecured Loans 1,527,093
 Other Loans 5,194,462
 TOTAL LOANS 7,839,870
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) 0
 Land And Building 198,574
 Other Fixed Assets 0
 NCUSIF Deposit 119,844
 All Other Assets 47,837
  TOTAL ASSETS 12,740,401
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 100,004
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,596,607
 Regular shares 6,199,368
 All Other Shares & Deposits 3,957,303
  TOTAL SHARES & DEPOSITS 11,753,278
  TOTAL LIABILITIES 11,853,282
 Regular Reserve 30,371
 Other Reserves 0
 Undivided Earnings 856,748
  TOTAL EQUITY 887,119
  TOTAL LIABILITIES, SHARES, & EQUITY 12,740,401
INCOME & EXPENSE  
 Loan Income 315,180
 Investment Income 21,481
 Other Income 38,285
 Total Employee Compensation & Benefits 127,713
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,613,467
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,173
 Cost of Funds 53,789
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,427,952
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