Dec, 31, 2023 — TELCOE FEDERAL CREDIT UNION is a federal credit union headquartered in LITTLE ROCK, AR with 4 branch locations and about $454.11 million in total assets. Opened 74 years ago in 1950, TELCOE FEDERAL CREDIT UNION has about 22,658 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TELCOE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 820 Louisiana St LITTLE ROCK, AR 72201-4692 |
| Phone: | (501) 375-5321 |
| Fax: | (501) 375-6233 |
| Website: | https://www.telcoe.com |
| Branches: | 4 branch locations |
| Members: | 22,658 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24202 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $454,105,649 |
| CEO/Manager: | Sarah S Mosley |
| Chairperson: | ROBERT ELLIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,025,821 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 84,205,263 |
| Unsecured Loans | 1,661,154 |
| Other Loans | 54,726,133 |
| TOTAL LOANS | 140,592,550 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -173,908 |
| Land And Building | 5,444,948 |
| Other Fixed Assets | 521,987 |
| NCUSIF Deposit | 3,450,999 |
| All Other Assets | 0 |
| TOTAL ASSETS | 454,105,649 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 939,052 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,470,405 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,184,814 |
| Regular shares | 34,002,093 |
| All Other Shares & Deposits | 337,106,661 |
| TOTAL SHARES & DEPOSITS | 389,293,569 |
| TOTAL LIABILITIES | 392,703,026 |
| Regular Reserve | 0 |
| Other Reserves | -35,041,321 |
| Undivided Earnings | 96,443,944 |
| TOTAL EQUITY | 61,402,623 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 454,105,649 |
| INCOME & EXPENSE | |
| Loan Income | 6,059,826 |
| Investment Income | 8,847,927 |
| Other Income | 592,371 |
| Total Employee Compensation & Benefits | 2,252,968 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,407,447 |
| Non-operating Income & (Expense) | 216,517 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -20,373 |
| Cost of Funds | 12,290,383 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 39,906 |
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