Overview
What is Telco Plus Credit Union?
Telco Plus Credit Union is a not-for-profit financial cooperative, headquartered in Longview, Texas. It is regulated by both the Texas Credit Union Department and the National Credit Union Administration. As a member-owned institution, Telco Plus Credit Union offers various share accounts, such as savings, CDs, IRAs, and specialized accounts, catering to diverse financial needs. In 2019, they paid dividends on over 14,500 accounts. Members have access to ATMs, online banking, text banking, and in-person representatives, ensuring convenience and flexibility. Moreover, Telco Plus Credit Union provides free financial education fairs for local schools and offers educational games and activities online for different age groups. They also support and maintain two ATMs for member usage. Overall, Telco Plus Credit Union serves as a cooperative provider of financial services, aiming to meet the financial needs of its members.
Official website here: www.telcoplus.org
What do the Facebook reviews say about Telco Plus Credit Union?
94% of 48 reviewers on Facebook recommend Telco Plus Credit Union. Many customers express their satisfaction with the welcoming environment, noting that staff members are friendly and always willing to assist.
The positive comments highlight an overall pleasant experience when dealing with the credit union, with numerous patrons appreciating the helpfulness of the team.
In summary, Telco Plus Credit Union consistently delivers a supportive and friendly experience for its members, making it a favored choice among its clientele.
This AI summary has been generated from reviews found on Facebook.
Is Telco Plus Credit Union legitimate?
Telco Plus Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Telco Plus 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: $3,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,086,787
For more financial information, click here
Official website here: www.telcoplus.org
What is the mission statement of Telco Plus Credit Union?
Telco Plus Credit Union serves as a not-for-profit cooperative, providing financial services to its members. Its primary focus is on offering consumer products and services, including share accounts, checking accounts, consumer loans, home equity loans, and mortgage loans. The credit union's mission is to function as a cooperative provider of financial services, ensuring its member-owners have access to various financial tools. In 2019, Telco Plus Credit Union maintained and paid dividends on over 14,500 accounts. The institution offers its members various account types, such as savings, CDs, IRA's, and special savings accounts, ensuring they can access their funds via multiple platforms like ATMs, Online Banking, Text & Mobile Banking, Audio Response, and in-person financial service representatives. Additionally, Telco Plus Credit Union supports local schools by hosting financial education fairs and offers free online access to educational games and activities for different age groups.
Official website here: www.telcoplus.org
Who is the CEO of Telco Plus Credit Union?
Randall Pearson is the Treasurer of Telco Plus Credit Union.
Official website here: www.telcoplus.org
What is the revenue of Telco Plus Credit Union?
Telco Plus Credit Union's revenue in 2020 was $3,664,534.
Official website here: www.telcoplus.org
Who are the executives of Telco Plus Credit Union and what are their salaries?
The average compensation at Telco Plus Credit Union during 2020 was $26,580. There are 41 employees and 14 volunteers at Telco Plus Credit Union.
Here are 9 key members and their salaries:
- Compensation: $3,000
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- Other: $0
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Official website here: www.telcoplus.org
Where can I find the form 990 for Telco Plus Credit Union?
Telco Plus Credit Union's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.telcoplus.org
Learn more at the official website: www.telcoplus.org
Mission Statement of Telco Plus Credit Union
Telco Plus Credit Union, as a not-for-profit cooperative, serves as a provider of financial services to its members, acting as a cooperative thrift institution. Its primary mission is to offer a range of consumer products and services, including share accounts, checking accounts, consumer loans, home equity loans, and mortgage loans. By operating as a cooperative, Telco Plus Credit Union prioritizes the best interests of its members, ensuring affordability and accessibility in its financial offerings.
Telco Plus Credit Union is committed to providing its members with various share account options, such as savings, CDs, IRA's, special savings, member money fund savings, Christmas, and vacation club accounts. In 2019, the credit union maintained and paid dividends on over 14,503 accounts, demonstrating its dedication to rewarding its members' savings and investments. The union offers its members multiple ways to access their accounts, including ATMs, online banking, text and mobile banking, audio response, and in-person financial service representatives. Telco Plus Credit Union also extends its services by offering free financial education fairs to local schools and providing free online access to educational games and activities for various age groups.
In summary, Telco Plus Credit Union functions as a cooperative provider of financial services, prioritizing its members' needs and interests by offering a range of consumer products and services. The credit union's mission is to provide its members with various share account options, accessibility, and ways to manage their finances, as well as promoting financial education within the community.
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Impact
October, 2024
Telco Plus Credit Union significantly contributes to the financial well-being of its members and the local community in Longview, Texas. By offering a wide range of consumer products and services, including share accounts, checking accounts, and various loan options, it empowers individuals to manage their finances effectively. In 2019, it maintained and paid dividends on over 14,500 accounts, demonstrating its commitment to fostering savings and growth among its members.
The credit union enhances financial accessibility through multiple platforms, including ATMs, online banking, and mobile banking, ensuring that members can manage their finances conveniently. Furthermore, Telco Plus places a strong emphasis on financial education, providing free financial fairs to local schools and offering online access to educational resources. This focus on education not only benefits individual members but also enriches the entire community by promoting financial literacy.
Overall, Telco Plus Credit Union serves as a vital resource for financial services, community engagement, and education, making a meaningful impact in the lives of its members and in the Longview area.
This information is meant to be a general summary of Telco Plus 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 2020.
- Investment Income: $162,273
- Program Service Revenue: $3,023,434
- Gross Receipts: $3,664,534
Assets and Liabilities:
- Total Assets: $73,610,522
- Total Liabilities: $62,590,715
- Net Assets: $11,019,807
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Income From Loans
Revenue
$2,369,969
Fees & Charges
Revenue
$653,465
Organization Details
Founding Year
1951
Phone
(903) 753-5588Principal Officer
Randall Pearson
Main Address
423 GILMER RD, LONGVIEW, TX, 75604
Website
www.telcoplus.orgNTEE Category
Code: W60 - Public benefit
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