Monroe Telco Federal Credit Union


Overview / Commentary
318-397-4243
4705 Cypress St
West Monroe, LA 71291

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.
See current membership details

Reviews (1)

West Monroe Telco

Posted by: |

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
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 - YTD1.25%
Return on Equity - YTD12.37%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$37.4MM$38.5MM
LoansQ4 2019vs Q4 2018$17.5MM$17.2MM
DepositsQ4 2019vs Q4 2018$33.4MM$34.9MM
Equity CapitalQ4 2019vs Q4 2018$3.8MM$3.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$104.00K$128.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$162.00K$243.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
Skip to rates for:
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Regular Shares
OTHER TIERS: 0.15% $100 - $5k | 0.20% $5k - $15k | 0.25% $15k - $50k
0.30%--IRA Savings
0.10%$100-Christmas Club Account
0.10%$100-Vacation Club Account

Monroe Telco Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$10k*-12 Month CD
OTHER TIERS: 0.10% $1k - $10k
0.75%*$10k*-24 Month CD
OTHER TIERS: 0.10% $1k - $10k
0.05%$1k-6 Month CD
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.