Sep, 30, 2025 — CAROLINAS TELCO FEDERAL CREDIT UNION is a federal credit union headquartered in CHARLOTTE, NC with 8 branch locations and about $506.56 million in total assets. Opened 47 years ago in 1979, CAROLINAS TELCO FEDERAL CREDIT UNION has about 32,455 members and employs 89 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CAROLINAS TELCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9115 Harris Corners Pkwy CHARLOTTE, NC 28269-3709 |
| Phone: | (704) 391-5600 |
| Fax: | |
| Website: | https://www.ctelco.org |
| Branches: | 8 branch locations |
| Members: | 32,455 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23494 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $506,558,109 |
| CEO/Manager: | Jimmy D Womack Jr. |
| Chairperson: | Larry E Shumpert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,353,933 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 203,822,018 |
| Unsecured Loans | 39,999,787 |
| Other Loans | 65,585,452 |
| TOTAL LOANS | 309,407,257 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,601,511 |
| Land And Building | 3,024,252 |
| Other Fixed Assets | 2,321,373 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,914,564 |
| All Other Assets | 108,882 |
| TOTAL ASSETS | 506,558,109 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 38,000,000 |
| Accounts Payable & Other Liabilities | 4,071,800 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 94,990,008 |
| Regular shares | 239,323,657 |
| All Other Shares & Deposits | 83,377,240 |
| TOTAL SHARES & DEPOSITS | 417,690,904 |
| TOTAL LIABILITIES | 459,918,320 |
| Regular Reserve | 0 |
| Other Reserves | -27,836,983 |
| Undivided Earnings | 74,476,772 |
| TOTAL EQUITY | 46,639,789 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 506,558,109 |
| INCOME & EXPENSE | |
| Loan Income | 12,854,474 |
| Investment Income | 3,664,707 |
| Other Income | 1,684,691 |
| Total Employee Compensation & Benefits | 6,045,758 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,951,051 |
| Non-operating Income & (Expense) | 571,906 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,942,680 |
| Cost of Funds | 4,204,935 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,603,217 |
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