Organizations Filed Purposes:
Not-for-profit cooperative provider of financial services to credit union members/owners.
Telco Plus Credit Union is a not-for-profit cooperative thrift institution, state chartered and regulated by the State of Texas Credit Union Department and the National Credit Union Administration. Telco Plus Credit Union is a member of the National Credit Union Administration Insurance Fund. Telco Plus Credit Union offers consumer products and services in the following primary areas: Share Accounts, Checking Accounts, Consumer Loans, Home Equity Loans and Mortgage Loans.
Share Accounts: Telco Plus Credit Union offers a variety of share accounts, including savings, CD's, TUTMA, IRA's, special savings, member money fund savings, Christmas and vacation club accounts. Telco Plus Credit Union maintained and paid dividends on over 14,503 accounts in 2019. The credit union provides all members with access via ATM's, Online Banking, Text & Mobile Banking, Audio Response, and in-person financial service representatives. Free financial education fairs are offered to local schools. Our accounts are offered free online access to educational games and activities geared to various age groups. Telco Plus supplies and supports 2 ATMs for member usage. Shares are insured through NCUSIF.
Checking accounts: As of December Telco Plus Credit Union maintained over 3,376 active checking accounts. Many accounts earn dividends and most do not require a monthly service charge. Members with checking accounts are offered ATM and Debit card access to their funds. Members over age 60 receive free printed checks, no fee cashier checks and no monthly service charge. Full-time student checking accounts have no monthly service charge and receive a free box of checks. Rewards Checking accounts offer a higher than CD dividend rate, no monthly service charge, ATM fee refunds, ID theft program and free credit report monitoring service.
Consumer Loans: All loans are made to individual consumers. Loans offered include: autos, boats, motorcycles, recreational vehicles, personal loans, furniture, line of credit, credit card, home equity and home mortgage loans. A variety of loan protection products are offered, which include: credit life, credit disability, guaranteed asset protection and mechanical breakdown at rates far less than most dealers. As of December 31, 2019 Telco Plus Credit Union maintained 3,143 loans to members.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Board Member 3 | Treasurer | 2 | $3,000 |
| Board Member 9 | Director | 1 | $0 |
| Board Member 8 | Director | 1 | $0 |
| Board Member 1 | Chairman | 1 | $0 |
| Board Member 5 | Director | 1 | $0 |
| Board Member 7 | Director | 2 | $0 |
| Board Member 6 | Director | 1 | $0 |
| Board Member 4 | Secretary | 2 | $0 |
| Board Member 2 | Vice Chairman | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202140679349300024_public.xml