Overview / Commentary
Telco Plus Credit Union is headquartered in LONGVIEW and is the 126th largest credit union in the state of Texas. It is also the 1,569th largest credit union in the nation. It was established in 1951 and as of June of 2024, it had grown to 45 employees and 9,424 members at 4 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
Health
B
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66351 |
| Year Chartered | 1951 |
| Employees | 45 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.12% |
| Return on Equity - YTD | -1.22% |
| Annual Interest Income | $3.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $134.5MM$126.6MM |
| Loans | Q2 2024vs Q2 2023 | $109.5MM$104.4MM |
| Deposits | Q2 2024vs Q2 2023 | $114.1MM$107.4MM |
| Equity Capital | Q2 2024vs Q2 2023 | $13.6MM$12.9MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1.1MM$926K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $2MM$2.1MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |