TELBEC FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.telbecfcu.com for more information.
Dec, 31, 2023 — TELBEC FEDERAL CREDIT UNION is a federal credit union headquartered in Beckley, WV with 1 branch location and about $12.74 million in total assets. Opened 61 years ago in 1963, TELBEC FEDERAL CREDIT UNION has about 1,369 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TELBEC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3695 Robert C Byrd Dr Beckley, WV 25801-9069 |
| Phone: | (304) 255-9815 |
| Fax: | (304) 255-0927 |
| Website: | https://www.telbecfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,369 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15632 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Oct 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,740,401 |
| CEO/Manager: | Carisa Richards |
| Chairperson: | Rick McKinney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,673,893 |
| TOTAL INVESTMENTS | 1,860,383 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,118,315 |
| Unsecured Loans | 1,527,093 |
| Other Loans | 5,194,462 |
| TOTAL LOANS | 7,839,870 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | 0 |
| Land And Building | 198,574 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 119,844 |
| All Other Assets | 47,837 |
| TOTAL ASSETS | 12,740,401 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 100,004 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,596,607 |
| Regular shares | 6,199,368 |
| All Other Shares & Deposits | 3,957,303 |
| TOTAL SHARES & DEPOSITS | 11,753,278 |
| TOTAL LIABILITIES | 11,853,282 |
| Regular Reserve | 30,371 |
| Other Reserves | 0 |
| Undivided Earnings | 856,748 |
| TOTAL EQUITY | 887,119 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,740,401 |
| INCOME & EXPENSE | |
| Loan Income | 315,180 |
| Investment Income | 21,481 |
| Other Income | 38,285 |
| Total Employee Compensation & Benefits | 127,713 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,613,467 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,173 |
| Cost of Funds | 53,789 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,427,952 |
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