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Overview / Commentary
800-222-1025
712 New Leicester Hwy
Asheville, NC 28806

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 1,370th largest credit union in the nation. It was established in 1935 and as of March of 2014, it had grown to 40 employees and 21,049 members. Telco Community Credit Union's savings rates are 2X the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Buncombe, Caldwell, Henderson, McDowell, Burke, Catawba or Madison County. - See Details

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Telco Community Credit Union had $894,000 in non-current loans and owned real-estate with $11.98 million in equity and loan loss allowances on hand to cover it. This gives Telco Community Credit Union a Texas Ratio of 7.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Telco Community Credit Union decreased dramatically from 10.87% as of March 31, 2013 to 7.46% as of March 31, 2014, resulting in a positive change of 31.36%.This indicates that the balance sheet and financial strength for Telco Community Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Telco Community Credit Union has increased its total deposits by $10.02 million, resulting in 10.57% 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.

Capitalization

GRADE:
B+

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 $117.12 million in assets with $11.98 million in equity, resulting in a capitalization level of 10.23%, which is above average.

Institution Statistics

Overall
NCUA #63545
Year Chartered1935
Employees40
Primary Regulator
Assets and Liabilities
Assets$117.12 million
Loans$84.47 million
Deposits$104.79 million
Equity Capital$11.72 million
Loan Loss Allowance$268,000
Unbacked Noncurrent Loans$765,000
Real Estate Owned$129,000
Historic Data - March 2013
Assets$105.94 million
Equity Capital$10.30 million
Loan Loss Allowance$235,000
Unbacked Noncurrent Loans$765,000
Real Estate Owned$217,000
Profit Margin - Quarterly
Net Interest Margin1.37%
Return on Assets1.18%
Return on Equity11.78%
Interest Income$1.29 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Telco Community Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Telco Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.15%--Individual Retirement Savings Account
0.30%--Savings (Share) Account
0.30%--Movers & Shakers Account
0.30%--Holiday Stash Account
0.30%--Cash Account
0.30%--Vacation Club
0.30%--Astro Kids Club

Telco Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$250-Preferred Money Market Savings Account

Telco Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.40%--Checking Account
0.40%--Sharedraft Account

Telco Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

Telco Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
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
Locations


Telco Community Credit Union Locations
Branch Office99 Weaver BlvdWeaverville, NC 28787
Branch Office710 New Leicester HwyAsheville, NC 28806
Branch Office712 New Leicester HwyAsheville, NC 28806
Branch Office355 US Highway 70 SWHickory, NC 28602-5018
Branch Office36 Tunnel RdAsheville, NC 28805
Branch Office1871 Hendersonville RdAsheville, NC 28803
Branch Office127 W Parker RdMorganton, NC 28655-4629