Overview / Commentary
Telco Credit Union is headquartered in Tarboro and is the 37th largest credit union in the state of North Carolina. It is also the 2,408th largest credit union in the nation. It was established in 1941 and as of March of 2025, it had grown to 16 employees and 6,529 members at 2 locations. Telco Credit Union has a C+ health rating.
Field of Membership Restrictions
Membership is available to active or retired Selected Employee Group (SEG) employees and their immediate family. “Immediate Family” consists of one’s wife, husband, daughter, son, mother, father, brother, sister, grandmother, grandfather and grandchildren. All SEG employees and family members are required to provide proof of eligibilty.
See current membership details
Health
C+
Data as of Q1 2025
Learn why bank health mattersAdditional 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. Telco Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 66319 |
| Year Chartered | 1941 |
| Employees | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.4% |
| Return on Equity - YTD | -2.99% |
| Annual Interest Income | $837K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $52.1MM$52.3MM |
| Loans | Q1 2025vs Q1 2024 | $40.5MM$37.2MM |
| Deposits | Q1 2025vs Q1 2024 | $45MM$45MM |
| Equity Capital | Q1 2025vs Q1 2024 | $6.9MM$6.9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $538K$608K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $853K$460K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |