Overview
What is Telco Community Credit Union?
Telco Community Credit Union is a nonprofit financial cooperative serving over 33,500 members. Their primary mission revolves around providing essential financial services to this community. With a significant member base, they cater to the financial needs of thousands of individuals, offering various services to help manage their finances effectively.
Official website here: www.telcoccu.org
What are the reviews and ratings of this charity?
The Telco Community Credit Union is currently not rated by Charity Navigator. Ratings from Charity Navigator are based on several beacons, but the organization does not qualify for evaluation due to its classification outside the 501(c)(3) nonprofit status. This absence of a rating does not imply any positive or negative performance judgement.
Since Telco Community Credit Union is not registered as a 501(c)(3), it lacks an Accountability & Finance score and cannot be assessed for Impact & Measurement, Culture & Community, or Leadership & Adaptability. Charity Navigator's evaluation focuses on 501(c)(3) organizations, considering financial data such as Form 990 filings, which isn't applicable here.
Due to the lack of user reviews on GreatNonprofits, there's no additional user feedback available to supplement this evaluation. Overall, without ratings or reviews, potential supporters may need to rely on other sources of information to assess the credit union's effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Telco Community Credit Union legitimate?
Telco Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Telco Community 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,201,665
For more financial information, click here
Official website here: www.telcoccu.org
What is the mission statement of Telco Community Credit Union?
The Telco Community Credit Union is committed to offering financial services to a diverse membership base. With over 33,551 members, the credit union aims to provide essential banking and financial solutions to a significant number of individuals. Through its various activities, it strives to meet the financial needs of its members, ensuring they have access to a range of services tailored to their requirements. The credit union's mission remains steadfast, with a focus on serving and supporting its members in their financial journeys.
Official website here: www.telcoccu.org
Who is the CEO of Telco Community Credit Union?
David Burnette is the President Ce of Telco Community Credit Union.
Official website here: www.telcoccu.org
What is the revenue of Telco Community Credit Union?
Telco Community Credit Union's revenue in 2022 was $16,867,383.
Official website here: www.telcoccu.org
Who are the executives of Telco Community Credit Union and what are their salaries?
The average compensation at Telco Community Credit Union during 2022 was $42,441. There are 99 employees at Telco Community Credit Union.
Here are 12 key members and their salaries:
- Compensation: $219,501
- Related: $0
- Other: $0
- Compensation: $128,305
- Related: $0
- Other: $10,143
- Compensation: $106,155
- Related: $0
- Other: $8,372
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.telcoccu.org
Where can I find the form 990 for Telco Community Credit Union?
Telco Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.telcoccu.org
Learn more at the official website: www.telcoccu.org
Mission Statement of Telco Community Credit Union
Telco Community Credit Union, a leading financial services provider, is dedicated to serving over 33,551 members. The organization's mission is geared towards delivering financial services to a diverse member base. With a commitment to assisting over 26,000 members initially and subsequently expanding to provide financial services to an increasing number, Telco Community Credit Union has established itself as a reliable financial partner for its members.
Throughout its operations, Telco Community Credit Union has remained steadfast in its goal to offer financial services to thousands of individuals. From serving 20,313 members to supporting 27,874 members, and ultimately reaching out to over 33,551 members, the credit union has consistently aimed to broaden its reach and make a positive impact on the lives of its members. By providing financial services, Telco Community Credit Union empowers its members to manage their finances effectively and secure their financial future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Telco Community Credit Union has a significant impact on the financial well-being of its members, currently serving 33,551 individuals. By providing essential financial services, the credit union facilitates access to banking solutions that empower its members to manage their finances more effectively. Over the years, the organization has consistently expanded its reach, demonstrating a commitment to accommodating growing community needs—from servicing over 20,000 members to its current base.
Based in Candler, NC, Telco Community Credit Union plays a critical role in supporting financial literacy and inclusion, ensuring members have the tools and resources necessary to achieve their financial goals. This focus on member-centric services fosters a sense of community and provides a foundation for economic stability and growth among its members. The credit union's mission to serve a diverse population underscores its dedication to enhancing the quality of life for individuals and families in the region, ultimately contributing to the public benefit by promoting financial wellness and security.
This information is meant to be a general summary of Telco Community 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,579,753
- Program Service Revenue: $14,287,630
- Gross Receipts: $16,867,383
Assets and Liabilities:
- Total Assets: $359,729,212
- Total Liabilities: $325,161,276
- Net Assets: $34,567,936
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$8,403,229
OTHER INCOME
Revenue
$4,269,095
FEE INCOME
Revenue
$1,615,306
Organization Details
Founding Year
1934
Phone
(828) 252-6458Principal Officer
David Burnette
Main Address
1137 SMOKEY PARK HWY, CANDLER, NC, 28715
Website
www.telcoccu.orgNTEE Category
Code: W60 - Public benefit
If you are a representative of Telco Community Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.