Telco Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 3 out of 5

PO Box 4002, Tarboro, NC 27886

Website

(252) 823-0119

Data Source: NCUA, December 31, 2016


Telco Credit Union was founded in 1941. Headquartered in Tarboro, North Carolina, Telco Credit Union is a state chartered and federally insured credit union, being chartered in North Carolina and insured through the National Credit Union Share Insurance Fund (NCUSIF). Telco Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Telco Credit Union services 7,563 members through its 2 offices and branches and 21 full-time and 1 part-time employees. It has $62,087,043 of total assets and $10,374,779 of net worth. Based on its asset size and net worth ratio, Telco Credit Union is classified as a Well Capitalized medium credit union.

Telco Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Telco Credit Union also provides an array of services to its members and local communities. Telco Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Telco Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in North Carolina and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of North Carolina
Median of USA
Checking
0.7200
0.0500
0.0000
Savings
0.1000
0.1650
0.1200
Money Market
0.2100
0.3500
0.2500
Certificate Deplit
1.4000
0.6050
0.5800
IRA
1.3900
0.7500
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of North Carolina
National Median Rates
Credit Cards
11.9900
9.9700
9.9900
Unsecured Line of Credits
14.3000
12.0300
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
n/a
6.7500
6.0200
New Car Loans
6.7000
3.7500
3.3300
Used Car Loans
6.7000
4.7500
4.5000
1st Mortgage Real Estates
4.0000
4.2500
4.2500
Other Real Estates
4.0000
4.7500
4.7000

Telco Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Telco Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
No
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
Yes
View Account History
Yes
No

As a community financial institution, Telco Credit Union actively involves in local communities by prliding services such as financial education, financial literacy workshops, and first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Coporate Office
Main Office

1720 Barlow Rd
Tarboro, NC 27886
Phone:252-823-0119

Greenville Branch
631 E Arlington Blvd
Greenville, NC 27858
Phone:252-214-7060

Tarboro Branch
1720 Barlow Rd
Tarboro, NC 27886
Phone:252-823-0119

(252) 823-1001

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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