Overview / Commentary
Telco Plus Credit Union is headquartered in Longview and is the 136th largest credit union in the state of Texas. It is also the 1,700th largest credit union in the nation. It was established in 1951 and as of December of 2022, it had grown to 35 employees and 8,849 members at 2 locations. Telco Plus Credit Union has an A 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
A
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66351 |
| Year Chartered | 1951 |
| Employees | 35 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.32% |
| Return on Equity - YTD | 12.1% |
| Annual Interest Income | $4.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $116.0MM$83.5MM |
| Loans | Q4 2022vs Q4 2021 | $94.4MM$58.4MM |
| Deposits | Q4 2022vs Q4 2021 | $93.5MM$70.8MM |
| Equity Capital | Q4 2022vs Q4 2021 | $12.3MM$11.9MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $799.00K$399.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $1.2MM$366.00K |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |