Sep, 30, 2025 — TELCO PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in LONGVIEW, TX with 5 branch locations and about $139.62 million in total assets. Opened 75 years ago in 1951, TELCO PLUS CREDIT UNION has about 9,270 members and employs 52 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 PLUS CREDIT UNION |
|---|---|
| Address: (Main Office) | 423 GILMER RD LONGVIEW, TX 75604 |
| Phone: | (903) 753-5588 |
| Fax: | (903) 758-3903 |
| Website: | https://www.telcoplus.org |
| Branches: | 5 branch locations |
| Members: | 9,270 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66351 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $139,620,708 |
| CEO/Manager: | Cassandra K Carmon |
| Chairperson: | KERWIN COLEMAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,051,362 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 43,364,008 |
| Unsecured Loans | 4,878,790 |
| Other Loans | 65,271,072 |
| TOTAL LOANS | 113,513,871 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,781,233 |
| Land And Building | 5,161,565 |
| Other Fixed Assets | 384,741 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,139,778 |
| All Other Assets | 1,513,040 |
| TOTAL ASSETS | 139,620,708 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 198,739 |
| Notes & Interest Payable | 7,419,343 |
| Accounts Payable & Other Liabilities | 1,897,130 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,224,554 |
| Regular shares | 29,212,542 |
| All Other Shares & Deposits | 74,095,091 |
| TOTAL SHARES & DEPOSITS | 117,532,187 |
| TOTAL LIABILITIES | 127,047,399 |
| Regular Reserve | 0 |
| Other Reserves | 434,582 |
| Undivided Earnings | 12,138,727 |
| TOTAL EQUITY | 12,573,309 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 139,620,708 |
| INCOME & EXPENSE | |
| Loan Income | 5,960,371 |
| Investment Income | 270,761 |
| Other Income | 644,690 |
| Total Employee Compensation & Benefits | 2,377,972 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,870,921 |
| Non-operating Income & (Expense) | -230,361 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,858,337 |
| Cost of Funds | 2,408,251 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,464,600 |
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