Sep, 30, 2025 — TELCO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CANDLER, NC with 13 branch locations and about $413.12 million in total assets. Opened 91 years ago in 1935, TELCO COMMUNITY CREDIT UNION has about 35,140 members and employs 83 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TELCO COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1137 Smokey Park Hwy CANDLER, NC 28715-8240 |
| Phone: | (828) 252-6458 |
| Fax: | (828) 255-9347 |
| Website: | https://www.telcoccu.org |
| Branches: | 13 branch locations |
| Members: | 35,140 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63545 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $413,115,870 |
| CEO/Manager: | David Burnette |
| Chairperson: | Stan Livingston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 56,617,411 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 126,116,404 |
| Unsecured Loans | 5,366,082 |
| Other Loans | 93,933,305 |
| TOTAL LOANS | 225,415,791 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,815,291 |
| Land And Building | 13,050,184 |
| Other Fixed Assets | 2,006,370 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,261,069 |
| All Other Assets | 316,905 |
| TOTAL ASSETS | 413,115,870 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,072,296 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 88,970,271 |
| Regular shares | 124,153,772 |
| All Other Shares & Deposits | 148,780,475 |
| TOTAL SHARES & DEPOSITS | 361,904,519 |
| TOTAL LIABILITIES | 365,976,815 |
| Regular Reserve | 0 |
| Other Reserves | 15,624,068 |
| Undivided Earnings | 31,514,987 |
| TOTAL EQUITY | 47,139,055 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 413,115,870 |
| INCOME & EXPENSE | |
| Loan Income | 9,513,376 |
| Investment Income | 4,206,791 |
| Other Income | 1,079,480 |
| Total Employee Compensation & Benefits | 4,088,712 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,434,830 |
| Non-operating Income & (Expense) | -1,598 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 498,283 |
| Cost of Funds | 3,566,612 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,468,568 |
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