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Monroe Telco Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.10%1-year CD12 Month CD
0.10%SavingsRegular Shares Account
0.10%2-year CD24 Month CD

Overview / Commentary
4705 Cypress St
West Monroe, LA 71291-7585

Monroe Telco Federal Credit Union is headquartered in West Monroe and is the 44th largest credit union in the state of Louisiana. It is also the 2,509th largest credit union in the nation. It was established in 1936 and as of June of 2017, it had grown to 11 employees and 4,275 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

Reviews (1)

West Monroe Telco

Posted by: Grambics | Sep 6, 2017

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.



Health
C+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Monroe Telco Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #1725
Year Chartered1936
Employees11
Primary Regulator
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD3.62%
Annual Interest Income$559.00K
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$42.9MM$43.8MM
LoansQ2 2017vs Q2 2016$15.3MM$14.6MM
DepositsQ2 2017vs Q2 2016$39.5MM$40.5MM
Equity CapitalQ2 2017vs Q2 2016$3.2MM$3.1MM
Loan Loss AllowanceQ2 2017vs Q2 2016$85.00K$80.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$92.00K$129.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$1k-12 Month IRA
0.10%$1k-24 Month IRA
0.05%$1k-6 Month IRA
Locations


Monroe Telco Federal Credit Union Locations
Branch Office4705 Cypress StWest Monroe, LA 71291-7511
Branch Office2899 Sterlington Rd Ste 1Monroe, LA 71203