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 |
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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 |
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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 |
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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 |
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