Dec, 31, 2023 — TELCO CREDIT UNION is a federally insured state chartered credit union headquartered in TARBORO, NC with 2 branch locations and about $52.00 million in total assets. Opened 83 years ago in 1941, TELCO CREDIT UNION has about 6,404 members and employs 21 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 |
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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: | 6,404 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66319 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1941 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $52,003,379 |
CEO/Manager: | Charles L Johnson |
Chairperson: | June G Carlisle |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,774,051 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,849,699 |
Unsecured Loans | 4,761,228 |
Other Loans | 22,695,385 |
TOTAL LOANS | 37,306,312 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -628,000 |
Land And Building | 2,037,581 |
Other Fixed Assets | 410,825 |
NCUSIF Deposit | 398,012 |
All Other Assets | 67,700 |
TOTAL ASSETS | 52,003,379 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 26,013 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 389,718 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,153,947 |
Regular shares | 17,743,223 |
All Other Shares & Deposits | 21,764,383 |
TOTAL SHARES & DEPOSITS | 44,661,556 |
TOTAL LIABILITIES | 45,077,287 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,926,092 |
TOTAL EQUITY | 6,926,092 |
TOTAL LIABILITIES, SHARES, & EQUITY | 52,003,379 |
INCOME & EXPENSE | |
Loan Income | 2,451,809 |
Investment Income | 315,150 |
Other Income | 525,115 |
Total Employee Compensation & Benefits | 1,296,819 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,348,410 |
Non-operating Income & (Expense) | 8,058 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 440,177 |
Cost of Funds | 381,330 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 102,644 |
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