State Chartered Credit Union In North Carolina Telco Credit Union

Telco Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 566047303 ✦ Tarboro, NC ✦ Designated as a 501(c)(14)

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Overview

What is State Chartered Credit Union In North Carolina Telco Credit Union?

State Chartered Credit Union In North Carolina Telco Credit Union is a locally-rooted financial institution, serving its members in Tarboro, NC. As a state-chartered credit union, it offers a range of credit union services, aiming to enhance financial well-being within its community. The organization's primary objective is to provide these services, ensuring its members can make the most of their financial resources.


Official website here: www.telcu.com

Is State Chartered Credit Union In North Carolina Telco Credit Union legitimate?

State Chartered Credit Union In North Carolina Telco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. State Chartered Credit Union In North Carolina Telco Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $110,377
Professional Fundraising Fees: $0
Other Salaries and Wages: $658,070

For more financial information, click here


Official website here: www.telcu.com

What is the mission statement of State Chartered Credit Union In North Carolina Telco Credit Union?

State Chartered Credit Union In North Carolina Telco Credit Union is dedicated to functioning as a state-chartered credit union, providing a range of credit union services to its members. The primary objective of the credit union is to operate under this charter, offering various financial services to its members. While the information provided does not include a specific mission statement, it can be inferred that the credit union aims to serve its members effectively, providing them with financial solutions and support. The exact mission statement may not be available, but the credit union's activities indicate a commitment to providing credit union services to its members in North Carolina.


Official website here: www.telcu.com

Who is the CEO of State Chartered Credit Union In North Carolina Telco Credit Union?

Charles L Johnson is the Ceo Board Treasurer of State Chartered Credit Union In North Carolina Telco Credit Union. The CEO's salary of State Chartered Credit Union In North Carolina Telco Credit Union is $110,377 and their total compensation is $110,377.


Official website here: www.telcu.com

What is the revenue of State Chartered Credit Union In North Carolina Telco Credit Union?

State Chartered Credit Union In North Carolina Telco Credit Union's revenue in 2022 was $2,992,888.


Official website here: www.telcu.com

Who are the executives of State Chartered Credit Union In North Carolina Telco Credit Union and what are their salaries?

The average compensation at State Chartered Credit Union In North Carolina Telco Credit Union during 2022 was $33,411. There are 23 employees and 6 volunteers at State Chartered Credit Union In North Carolina Telco Credit Union.


Here are 7 key members and their salaries (State Chartered Credit Union In North Carolina Telco Credit Union's CEO's salary is $110,377 and their total compensation is $110,377):


Charles L Johnson (Ceo Board Treasurer)
  • Compensation: $110,377
  • Related: $0
  • Other: $0
Carrie M Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Belinda C Gurkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela F Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
June G Carlisle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William F Goode (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jarvis E Pettaway (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.telcu.com

Where can I find the form 990 for State Chartered Credit Union In North Carolina Telco Credit Union?

State Chartered Credit Union In North Carolina Telco Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.telcu.com

Learn more at the official website: www.telcu.com

Mission Statement of State Chartered Credit Union In North Carolina Telco Credit Union

Telco Credit Union, a state-chartered credit union headquartered in North Carolina, is dedicated to its mission. This mission involves operating as a credit union, offering various credit union services to its members. As a credit union, Telco Credit Union stands out by providing financial assistance and resources to its members, fostering a sense of community and financial well-being. The credit union's programs are designed to meet the financial needs of its members, ensuring they have access to credit, savings, and other financial services. Telco Credit Union's operations are guided by its commitment to its members, aiming to promote financial stability and security within the community it serves.

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Impact




October, 2024

State Chartered Credit Union in North Carolina Telco Credit Union plays a significant role in the Tarboro community by offering a range of financial services tailored to meet the needs of its members. Located in Tarboro, NC, the credit union provides access to essential banking services, such as savings accounts, loans, and other financial products, promoting financial well-being among its members.

By focusing on community engagement and member support, the credit union fosters a sense of belonging and collaboration, helping individuals achieve their financial goals. Additionally, it plays a vital role in enhancing financial literacy and inclusion, ensuring that members have the resources and knowledge to make informed financial decisions.

Overall, the State Chartered Credit Union in North Carolina Telco Credit Union contributes to the economic health of the Tarboro area by supporting local financial needs, promoting responsible financial practices, and strengthening the community's economic foundation.




This information is meant to be a general summary of State Chartered Credit Union In North Carolina Telco Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,992,888 (2022)
Expenses
$2,690,662 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $155,388
  • Program Service Revenue: $2,636,487
  • Gross Receipts: $2,992,888

Assets and Liabilities:

  • Total Assets: $48,536,514
  • Total Liabilities: $41,411,558
  • Net Assets: $7,124,956

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INCOME

Revenue

$1,825,049

FEE INCOME

Revenue

$544,062

CARD INCOME

Revenue

$96,864

INSURANCE RELATED

Revenue

$97,331

Organization Details

Founding Year

1941

Principal Officer

Charles L Johnson

Main Address

PO BOX 4002, TARBORO, NC, 27886

NTEE Category

Code: W60 - Public benefit

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