Monroe Telco Federal Credit Union is headquartered in West Monroe and is the 48th largest credit union in the state of Louisiana. It is also the 2,619th largest credit union in the nation. It was established in 1936 and as of December of 2019, it had grown to 11 employees and 3,647 members at 2 locations. Monroe Telco Federal Credit Union has a B health rating.
Field of Membership Restrictions
Monroe Telco Federal Credit Union is open to (1) anyone who lives, works, worships, or attends school in Ouachita Parish, Louisiana; (2) immediate family of existing members; (3) Employees of the following groups: Century Link, Flair Jewelers, Inc., Stephan Manufacturing, AT&T, C D Hodges Tractor, The Eye Clinic of Monroe, Berry Plastics, Stop-Loss, Fantastic Sams, Gardner Denver, McDaniel Management, Just Around the Corner Hair Salon, Ford, Bacon & Davis, Inc., Roger's Manufacturing, Swartz Assembly of God Church, Keystone Pipeline, Inc., Monroe Central Pharmacy, Ken's Coffee Service, Gannett Newspaper, Vantronic Security, Richwood Town Hall, LA Coca Cola Bottling Co, Inc., Jimmie Self - CPA, Richwood Police Dept, James M. Standard & Associates Engineers, Bear's Wrecker Service, New Chapel Hill Baptist Church, Cheniere Drew Water System, Inc, Newcomer, Morris & Young, Inc., Claiborne Christian School, Parker Auto Body, Inc., Northeast Louisiana Telephone, Tristar Graphics Group, Inc., Bayou Wood Products, Inc., The Radio People, R-S-H Engineering, Inc., Johnson's Textile Rental, Inc., Payroll Plus, Arrow Realty, LLC, Agnew Sign Service, Office Linx, Scott Companies, Inc., Mary's Candles & Gifts, Inc., Modern Office Concepts, Scott Motors, Space Planner - Architects, Wye Electric, Fallin & French, Inc CPA, Cornerstone Hospital, Hercules Transport, Inc., United Rentals, Manpower, West Monroe Walmart #0307, Ram Rent All, Rayville Walmart #1109, O'Neal Gas, Inc.
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West Monroe Telco
West Monroe Telco is a decent enough institution to bank with. I would say it neither excels nor falls down in the face of the competition. Because its a credit union, there is more personalized service compared to a major bank I guess. When I first set up an account with them, I came in an hour before they were going to close, and they refused to initiate account creation. I guess the employee must've left the iron on at home and was looking to high tail it out of work early that day. I did go back and ultimately open an account with them and would go on to take out a loan for a car. It was a decent and straight forward process. I was in the lobby one day, and this gal was just going crazy trying to cash in her EBT card. I think the employees should've called the police rather than let that whole production go on as long as it did.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1725 |
| Year Chartered | 1936 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.25% |
| Return on Equity - YTD | 12.37% |
| Annual Interest Income | $1.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $37.4MM$38.5MM |
| Loans | Q4 2019vs Q4 2018 | $17.5MM$17.2MM |
| Deposits | Q4 2019vs Q4 2018 | $33.4MM$34.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $3.8MM$3.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $104.00K$128.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $162.00K$243.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |