Telco Community Credit Union

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

EIN: 566047874 ✦ Candler, NC ✦ Designated as a 501(c)(14)

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

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 not tax deductible.

Here 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:

    David Burnette (President Ce)
  • Compensation: $219,501
  • Related: $0
  • Other: $0

    • Brandy Ponder (Mortgages)
  • Compensation: $128,305
  • Related: $0
  • Other: $10,143

    • David Smith (Mortgages)
  • Compensation: $106,155
  • Related: $0
  • Other: $8,372

    • Wa Byrd (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Carter (Board Direct) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harry Hankla (Board Direct) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stan Livingston (Board Direct) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ralph Long (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Lux (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bruce Sisk (Board Direct) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Carter (Sup Comm Cha)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lois Erickson (Sup Comm)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.telcoccu.org

    Where can I find the form 990 for Telco Community Credit Union?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Telco Community Credit Union provides essential financial services to a substantial community of over 33,000 members in Candler, NC. This credit union plays a crucial role in supporting the financial well-being and stability of its members, helping them access the resources they need to manage their finances effectively, achieve their goals, and build a secure future. By offering a range of financial products and services, Telco Community Credit Union positively impacts the lives of individuals and families, contributing to the economic health and resilience of the community it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    David Burnette

    Main Address

    1137 SMOKEY PARK HWY, CANDLER, NC, 28715

    NTEE 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.