Dec, 31, 2023 — TELCO PLUS CREDIT UNION is a federally insured state chartered credit union headquartered in LONGVIEW, TX with 4 branch locations and about $131.97 million in total assets. Opened 73 years ago in 1951, TELCO PLUS CREDIT UNION has about 9,456 members and employs 44 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: | 4 branch locations |
| Members: | 9,456 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $131,969,583 |
| CEO/Manager: | RANDALL S PEARSON |
| Chairperson: | KERWIN COLEMAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,716,246 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,090,631 |
| Unsecured Loans | 3,606,833 |
| Other Loans | 64,767,664 |
| TOTAL LOANS | 106,465,127 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -983,002 |
| Land And Building | 5,182,049 |
| Other Fixed Assets | 721,079 |
| NCUSIF Deposit | 1,041,769 |
| All Other Assets | 792,330 |
| TOTAL ASSETS | 131,969,583 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 219,594 |
| Notes & Interest Payable | 4,825,754 |
| Accounts Payable & Other Liabilities | 1,160,751 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,610,462 |
| Regular shares | 28,636,185 |
| All Other Shares & Deposits | 70,788,453 |
| TOTAL SHARES & DEPOSITS | 112,035,099 |
| TOTAL LIABILITIES | 118,241,198 |
| Regular Reserve | 0 |
| Other Reserves | -596,921 |
| Undivided Earnings | 14,325,306 |
| TOTAL EQUITY | 13,728,385 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 131,969,583 |
| INCOME & EXPENSE | |
| Loan Income | 6,655,241 |
| Investment Income | 378,517 |
| Other Income | 869,824 |
| Total Employee Compensation & Benefits | 2,571,904 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,808,993 |
| Non-operating Income & (Expense) | -48,216 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 856,960 |
| Cost of Funds | 2,215,657 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 811,753 |
| ↑ Back to Top | |