Overview / Commentary
712 New Leicester Hwy
Asheville, NC 28806

Telco Community Credit Union is headquartered in Asheville and is the 19th largest credit union in the state of North Carolina. It is also the 1,091st largest credit union in the nation. It was established in 1935 and as of December of 2018, it had grown to 56 employees and 27,874 members at 9 locations. Telco Community Credit Union's CD rates are 12% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Alexander, Burke, Buncombe, Catawba, Caldwell, Haywood, Madison, Henderson, McDowell, Rutherford, Polk, and Transylvania counties in North Carolina. Membership is also open to employees of over 200 area Select Employer Groups.
See current membership details

Reviews (5)

A friendly local credit union

The saddest part of leaving Asheville was leaving behind the credit union I'd banked with for two years. Throughout my time with Telco the tellers we're always friendly and helpful. I didn't have a need for a loan and hasn't started any sort of CD or IRA at the time, so my experiences mostly dealt with holding a checking account at the institution. As I said, the customer service was always top notch. I never experienced having to wait too long for assistance when I went in. The tellers we're not only friendly but very competent whenever I had an issue. My card number did once get hijacked. Telco quickly refunded me the amount spent. Although I did have to wait almost three weeks for my replacement card. The mobile app for Telco was decent for the time, (this was maybe 2015) so more modern features like mobile deposit hadn't been adapted yet. All in all my experiences with the Telco Credit Union were overwhelmingly positive.

On Top Of Unauthorized Debit Card Use

Posted by: Sue Gante | May 2, 2016

Telco Community Credit Union recently blocked my debit card because of suspicious debit card charge. It was a little scary at first because I didn't know why my card was rejected at merchant & ATM. At bank I was informed why & was given a new card immediately. At another bank previously, I had an unauthorized withdrawl but I was the one that notified the bank

Will Ruin Your Credit Score

I paid off my loan in April which was early and received the title. I check my credit score frequently and noted that my Telco account was showing one month late. I thought well they will fix it next month. In May I noted that it was still not fixed even though I had received my car title. (It was a car loan). I called the bank and they said no problem it would be taken care of. Today I had to call again because now my credit score dropped to the 600's because it shows this account not having been paid in two months. When I called today I was told I was need a letter sent to them saying they could fix my credit score. This bank is a disaster and then the manager gets mad at me because I am upset. Really??? Find another bank.

My Friends Money Had Has Been To Disappear I

He put 80$ in Thursday and it has suddenly begin to disappear from his account without him spending it.

Bad Bank Do Not Use This Credit Union....

I wrote several reviews none will post, bad bank...the ceo steve last name they would not give me...My account card was stolen and used, the paperwork was submitted with telco and police report was filed they not only refused to put money back in my account 4,469.00 but they closed it and took what I had left as a balance. Do not do any business with this bank. I am pursuing legal action against telco and ceo steve....DO NOT USE THIS CREDIT UNION...


Health Grade Components

NCUA #63545
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD1.59%
Return on Equity - YTD14.8%
Annual Interest Income$7.5MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$188.7MM$178.5MM
LoansQ4 2018vs Q4 2017$133.4MM$123.0MM
DepositsQ4 2018vs Q4 2017$167.1MM$159.7MM
Equity CapitalQ4 2018vs Q4 2017$20.4MM$17.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$570.00K$579.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$808.00K$878.00K
Real Estate OwnedQ4 2018vs Q4 2017$71.00K$0
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Telco Community Credit Union Savings Account Rates

1.26%$5-Individual Retirement Savings Account
0.35%$5-Savings (Share) Account
0.35%$5-Movers & Shakers Account
0.35%--Vacation Club
0.35%--Astro Kids Club
0.35%$5-Christmas Club Account

Telco Community Credit Union Money Market Rates

0.45%$250-Preferred Money Market Savings Account

Telco Community Credit Union Checking Account Rates

3.00%-$2.5kSharedraft (Basic Checking)

Telco Community Credit Union CD Rates

2.00%$500-36 Month Share Certificate
2.00%$500-36 Month College Saver Share Certificate
1.50%$500-24 Month Share Certificate
1.50%$500-24 Month College Saver Share Certificate
1.01%$500-12 Month Share Certificate
1.01%$500-12 Month College Saver Share Certificate
0.80%$500-6 Month Share Certificate

Telco Community Credit Union IRA Rates

2.00%$500-36 Month IRA Certificate
1.50%$500-24 Month IRA Certificate
1.01%$500-12 Month IRA Certificate
0.80%$500-6 Month IRA Certificate

Telco Community Credit Union Locations
Branch Office34 Northcrest DrWeaverville, NC 28787-4500
Branch Office710 New Leicester HwyAsheville, NC 28806
Branch Office712 New Leicester HwyAsheville, NC 28806
Branch Office355 US Highway 70 SWHickory, NC 28602-5018
Branch Office36 Tunnel RdAsheville, NC 28805
Branch Office1871 Hendersonville RdAsheville, NC 28803
Branch Office127 W Parker RdMorganton, NC 28655-4629
Branch Office1452 7th Ave EHendersonville, NC 28792-2860
Branch Office1141 Smoky Park HwyCandler, NC 28715-8240

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