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Overview / Commentary
423 Gilmer Rd
Longview, TX 75604

Telco Plus Credit Union is headquartered in Longview and is the 151st largest credit union in the state of Texas. It is also the 1,961st largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 28 employees and 8,890 members. Telco Plus Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to anyone who lives or works in Gregg or Smith county, Texas. Immediate family or household members are also eligible to join. Membership in Telco Plus Credit Union is an ongoing benefit to employees and associates of participating companies or groups. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Telco Plus Credit Union has a relatively low asset base.

Texas Ratio


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 Plus Credit Union had $231,000 in non-current loans and owned real-estate with $8.36 million in equity and loan loss allowances on hand to cover it. This gives Telco Plus Credit Union a Texas Ratio of 2.76% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Telco Plus Credit Union experienced no significant changes from 1.41% as of March 31, 2013 to 2.76% as of March 31, 2014, resulting in a negative change of 95.70%. This indicates that the balance sheet and financial strength for Telco Plus Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Telco Plus Credit Union has increased its total deposits by $1.23 million, resulting in 2.16% 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 Plus Credit Union has shown is above average.



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 Plus Credit Union has $67.17 million in assets with $8.36 million in equity, resulting in a capitalization level of 12.45%, which is excellent.

Institution Statistics

NCUA #66351
Year Chartered1951
Primary Regulator
Assets and Liabilities
Assets$67.17 million
Loans$32.05 million
Deposits$58.08 million
Equity Capital$8.20 million
Loan Loss Allowance$169,000
Unbacked Noncurrent Loans$231,000
Real Estate Owned$0
Historic Data - March 2013
Assets$66.23 million
Equity Capital$8.30 million
Loan Loss Allowance$203,000
Unbacked Noncurrent Loans$231,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.13%
Return on Equity1.07%
Interest Income$518,000

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Telco Plus Credit Union Savings Account Rates

0.40%--IRA Shares
0.10%$100-Regular Shares
0.10%$100-Christmas Club
0.10%$100-Vacation Club

Telco Plus Credit Union Money Market Rates

0.40%$100k-Member Money Account

Telco Plus Credit Union Checking Account Rates

1.51%-$20kReward Plus Checking - Qualifying
0.05%--Reward Plus Checking - Non Qualifying
0.05%$1k-Share Drafts
0.05%$2k-Plus Checking

Telco Plus Credit Union CD Rates

0.90%$1k-60 Month CD
0.80%$500-30 Month CD
0.75%$500-24 Month CD
0.55%$500-18 Month CD
0.50%$500-12 Month CD
0.40%$500-6 Month CD

Telco Plus Credit Union IRA Rates

0.90%$1k-60 Month IRA
0.80%$500-30 Month IRA
0.75%$500-24 Month IRA
0.55%$500-18 Month IRA
0.50%$500-12 Month IRA
0.40%$500-6 Month IRA

Telco Plus Credit Union Locations
Branch Office7395 S Broadway AveTyler, TX 75703-5004
Branch Office423 Gilmer RdLongview, TX 75604