Telco Community Credit Union is headquartered in Asheville and is the 20th largest credit union in the state of North Carolina. It is also the 1,395th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 39 employees and 20,320 members. Telco Community Credit Union's savings rates are 2X the national average, and it has a A health rating.
Must live, work, worship or attend school in Buncombe, Caldwell, Henderson, McDowell, Burke, Catawba or Madison County. - See Details
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The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Telco Community Credit Union had $972,000 in non-current loans and owned real-estate with $11.58 million in equity and loan loss allowances on hand to cover it. This gives Telco Community Credit Union a Texas Ratio of 8.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Telco Community Credit Union experienced no significant changes from 5.90% as of December 31, 2012 to 8.39% as of December 31, 2013, resulting in a negative change of 42.31%. This indicates that the balance sheet and financial strength for Telco Community Credit Union has had no significant changes in recent periods.
In the past year, Telco Community Credit Union has increased its total deposits by $9.38 million, resulting in 10.59% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Telco Community Credit Union has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Telco Community Credit Union has $109.88 million in assets with $11.58 million in equity, resulting in a capitalization level of 10.54%, which is above average.
|Assets and Liabilities|
|Equity Capital||$11.36 million|
|Loan Loss Allowance||$227,000|
|Unbacked Noncurrent Loans||$710,000|
|Real Estate Owned||$262,000|
|Historic Data - December 2012|
|Equity Capital||$9.92 million|
|Loan Loss Allowance||$233,000|
|Unbacked Noncurrent Loans||$710,000|
|Real Estate Owned||$125,000|
|Profit Margin - Quarterly|
|Net Interest Margin||5.44%|
|Return on Assets||1.37%|
|Return on Equity||13.25%|
|Interest Income||$4.97 million|
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|1.15%||-||-||Individual Retirement Savings Account|
|0.30%||-||-||Savings (Share) Account|
|0.30%||-||-||Movers & Shakers Account|
|0.30%||-||-||Holiday Stash Account|
|0.30%||-||-||Astro Kids Club|
|0.40%||$250||-||Preferred Money Market Savings Account|
|1.01%||$500||-||36 Month College Saver Share Certificate|
|0.90%||$500||-||24 Month College Saver Share Certificate|
|0.85%||$500||-||36 Month Share Certificate|
|0.75%||$500||-||24 Month Share Certificate|
|0.75%||$500||-||12 Month College Saver Share Certificate|
|0.60%||$500||-||12 Month Share Certificate|
|0.45%||$500||-||6 Month Share Certificate|
|1.01%||$500||-||36 Month College Saver IRA Certificate|
|0.90%||$500||-||24 Month College Saver IRA Certificate|
|0.85%||$500||-||36 Month IRA Certificate|
|0.75%||$500||-||12 Month College Saver IRA Certificate|
|0.75%||$500||-||24 Month IRA Certificate|
|0.60%||$500||-||12 Month IRA Certificate|
|0.45%||$500||-||6 Month IRA Certificate|
|Telco Community Credit Union Locations|
|Branch Office||99 Weaver Blvd||Weaverville, NC 28787|
|Branch Office||710 New Leicester Hwy||Asheville, NC 28806|
|Branch Office||712 New Leicester Hwy||Asheville, NC 28806|
|Branch Office||355 US Highway 70 SW||Hickory, NC 28602-5018|
|Branch Office||36 Tunnel Rd||Asheville, NC 28805|
|Branch Office||1871 Hendersonville Rd||Asheville, NC 28803|
|Branch Office||127 W Parker Rd||Morganton, NC 28655-4629|