Sep, 30, 2025 — TELCO CREDIT UNION is a federally insured state chartered credit union headquartered in TARBORO, NC with 2 branch locations and about $51.49 million in total assets. Opened 85 years ago in 1941, TELCO CREDIT UNION has about 6,524 members and employs 19 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 CREDIT UNION |
|---|---|
| Address: (Main Office) | 1720 Barlow Rd TARBORO, NC 27886 |
| Phone: | (252) 823-0119 |
| Fax: | (252) 823-1001 |
| Website: | https://www.telcu.com |
| Branches: | 2 branch locations |
| Members: | 6,524 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66319 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $51,491,343 |
| CEO/Manager: | Charles L Johnson |
| Chairperson: | June G Carlisle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,543,094 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,806,272 |
| Unsecured Loans | 6,116,784 |
| Other Loans | 21,306,763 |
| TOTAL LOANS | 42,229,819 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -591,000 |
| Land And Building | 1,964,533 |
| Other Fixed Assets | 634,512 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 424,235 |
| All Other Assets | 91,030 |
| TOTAL ASSETS | 51,491,343 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22,965 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 69,959 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,153,142 |
| Regular shares | 16,179,363 |
| All Other Shares & Deposits | 23,345,078 |
| TOTAL SHARES & DEPOSITS | 44,677,583 |
| TOTAL LIABILITIES | 44,770,507 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,720,836 |
| TOTAL EQUITY | 6,720,836 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 51,491,343 |
| INCOME & EXPENSE | |
| Loan Income | 2,408,687 |
| Investment Income | 169,442 |
| Other Income | 349,433 |
| Total Employee Compensation & Benefits | 928,536 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,137,790 |
| Non-operating Income & (Expense) | -101,056 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 609,419 |
| Cost of Funds | 602,853 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -227,700 |
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