Telco Triad Community Credit Union is headquartered in Sioux City and is the 25th largest credit union in the state of Iowa. It is also the 1,512th largest credit union in the nation. It was established in 1945 and as of June of 2024, it had grown to 38 employees and 15,741 members at 6 locations. Telco Triad Community Credit Union's CD rates are 4X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Telco Triad Community Credit Union is open to those who live, work, or have family members in the Iowa counties of Audubon, Buena Vista, Carroll, Cherokee, Clay, Crawford, Cass, Dickinson, Emmet, Harrison, Ida, Mills, Montgomery, Monona, O'Brien, Osceola, Plymouth, Palo Alto, Pocahontas, Pottawattamie, Sac, Sioux, Shelby, or Woodbury; the Nebraska counties of Douglas, Dakota, Thurston, Sarpy, or Washington; or Union County in South Dakota.
See current membership details
Not Impressed
I called yesterday to get information on their CD. I found out I cannot buy one online and I have to drive 2 hours to the nearest location to me. I consider this very poor customer service.
Misleading Rate For 70+ Seniors
The IRA CD rate is misleading. If your age requires an RMD they will calculate your RMDs for the duration of the CD then deduct that amount from the total and put it in a "passbook" IRA account at .3% for your future RMDs. The remainder will be deposited in the CD for the full term. So the total APY for your money will be much less. In my case I would have received a 3.33% rate on my savings instead of the advertised 4.75% for a 5 year CD.
Confusing and misleading at best.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63218 |
| Year Chartered | 1945 |
| Employees | 38 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.87% |
| Return on Equity - YTD | 8.76% |
| Annual Interest Income | $3.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $146MM$141MM |
| Loans | Q2 2024vs Q2 2023 | $116.7MM$119.9MM |
| Deposits | Q2 2024vs Q2 2023 | $130.6MM$127.3MM |
| Equity Capital | Q2 2024vs Q2 2023 | $14.6MM$13MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $282K$202K |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $607K$34K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |