Monroe Telco Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.10% | 1-year CD | 12 Month CD |
| 0.10% | Savings | Regular Shares Account |
| 0.10% | 2-year CD | 24 Month CD 2.25% - Synchrony Bank 24 Month CD |
Monroe Telco Federal Credit Union is headquartered in West Monroe and is the 43rd largest credit union in the state of Louisiana. It is also the 2,499th largest credit union in the nation. It was established in 1936 and as of December of 2017, it had grown to 12 employees and 4,226 members at 2 locations. Monroe Telco Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Ouachita Parish and employees of select area businesses.
See current membership details
| Featured Account Options | SPONSORED LISTINGS | ||||
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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 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1725 |
| Year Chartered | 1936 |
| Employees | 12 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.98% |
| Return on Equity - YTD | -27.35% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $41.8MM$45.5MM |
| Loans | Q4 2017vs Q4 2016 | $15.4MM$14.9MM |
| Deposits | Q4 2017vs Q4 2016 | $38.6MM$42.1MM |
| Equity Capital | Q4 2017vs Q4 2016 | $3.1MM$3.3MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $121.00K$79.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $188.00K$173.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Monroe Telco Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Monroe Telco Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20% | - | - | Coverdell Savings Account | ||
| 0.20% | - | - | IRA Savings Account | ||
| 0.10%* | $5k* | - | Regular Shares Account | ||
| OTHER TIERS: 0.05% → $100 - $5k | |||||
Monroe Telco Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $1k | - | 12 Month CD | |
| 0.10% | $1k | - | 24 Month CD | |
| 0.05% | $1k | - | 6 Month CD |
Monroe Telco Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $1k | - | 12 Month IRA | |
| 0.10% | $1k | - | 24 Month IRA | |
| 0.05% | $1k | - | 6 Month IRA |
| Monroe Telco Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 4705 Cypress St | West Monroe, LA 71291-7511 |
| Branch Office | 2899 Sterlington Rd Ste 1 | Monroe, LA 71203 |