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TELBEC FEDERAL CREDIT UNION

Dec, 31, 2020 — TELBEC FEDERAL CREDIT UNION is a federal credit union headquartered in Beckley, WV with 1 branch location and about $13.58 million in total assets. Opened 58 years ago in 1963, TELBEC FEDERAL CREDIT UNION has about 1,416 members and employs 3 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:1,416
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:$13,578,411
CEO/Manager:Carisa Richards
Chairperson:Rick McKinney

Call Report

  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,290,319
TOTAL INVESTMENTS 1,960,383
Loans Held for Sale 0
 
 Real Estate Loans 1,371,402
 Unsecured Loans 1,577,019
 Other Loans 6,097,527
 TOTAL LOANS 9,045,948
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -127,104
 Land And Building 231,867
 Other Fixed Assets 0
 NCUSIF Deposit 119,844
 All Other Assets 57,154
  TOTAL ASSETS 13,578,411
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,418
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,402,969
 Regular shares 5,525,248
 All Other Shares & Deposits 5,746,976
  TOTAL SHARES & DEPOSITS 12,675,193
  TOTAL LIABILITIES 12,698,611
 Regular Reserve 30,370
 Other Reserves 0
 Undivided Earnings 849,430
  TOTAL EQUITY 879,800
  TOTAL LIABILITIES, SHARES, & EQUITY 13,578,411
INCOME & EXPENSE  
 Loan Income 427,278
 Investment Income 39,192
 Other Income 54,097
 Total Employee Compensation & Benefits 248,303
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 416,794
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 148,292
 Cost of Funds 145,398
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -438,220
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