Overview / Commentary
Telco Plus Credit Union is headquartered in LONGVIEW and is the 131st largest credit union in the state of Texas. It is also the 1,624th largest credit union in the nation. It was established in 1951 and as of June of 2023, it had grown to 33 employees and 9,215 members at 3 locations. Telco Plus Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Smith or Gregg Counties in Texas.
See current membership details
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Health
B
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66351 |
| Year Chartered | 1951 |
| Employees | 33 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.92% |
| Return on Equity - YTD | 8.97% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $126.6MM$100.9MM |
| Loans | Q2 2023vs Q2 2022 | $104.4MM$79.4MM |
| Deposits | Q2 2023vs Q2 2022 | $107.4MM$82.6MM |
| Equity Capital | Q2 2023vs Q2 2022 | $12.9MM$12.0MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $926.00K$611.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $2.1MM$543.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |