Dec, 31, 2023 — TELCOMM CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, MO with 7 branch locations and about $298.88 million in total assets. Opened 84 years ago in 1940, TELCOMM CREDIT UNION has about 23,475 members and employs 76 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TELCOMM CREDIT UNION |
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Address: (Main Office) | 2155 E Sunshine St SPRINGFIELD, MO 65804-1816 |
Phone: | (417) 886-5355 |
Fax: | (417) 886-6028 |
Website: | https://www.telcommcu.com |
Branches: | 7 branch locations |
Members: | 23,475 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63116 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $298,879,580 |
CEO/Manager: | Jessica L Shorney |
Chairperson: | Greg E Eck |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,358,607 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 34,748,698 |
Unsecured Loans | 7,413,599 |
Other Loans | 166,971,647 |
TOTAL LOANS | 209,133,944 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -908,902 |
Land And Building | 5,873,203 |
Other Fixed Assets | 687,162 |
NCUSIF Deposit | 2,417,488 |
All Other Assets | 82,200 |
TOTAL ASSETS | 298,879,580 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 717,048 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,586,738 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 34,989,242 |
Regular shares | 101,599,337 |
All Other Shares & Deposits | 122,574,345 |
TOTAL SHARES & DEPOSITS | 259,162,924 |
TOTAL LIABILITIES | 263,466,710 |
Regular Reserve | 0 |
Other Reserves | 25,364,729 |
Undivided Earnings | 10,048,141 |
TOTAL EQUITY | 35,412,870 |
TOTAL LIABILITIES, SHARES, & EQUITY | 298,879,580 |
INCOME & EXPENSE | |
Loan Income | 12,262,769 |
Investment Income | 1,726,345 |
Other Income | 1,683,898 |
Total Employee Compensation & Benefits | 4,770,711 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,421,023 |
Non-operating Income & (Expense) | -5,342 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 962,163 |
Cost of Funds | 3,770,116 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,674,912 |
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