Question 1

What is Telco Community Credit Union?

Accepted Answer

Telco Community Credit Union is a community-chartered credit union headquartered in Candler, North Carolina. With over $413 million in total assets and serving more than 35,000 members across 21 counties in Western North Carolina, Telco Community Credit Union operates 10 branch locations throughout the region. The credit union specializes in providing affordable financial services to residents of Western North Carolina, with a strong emphasis on member rewards programs and community-focused cooperative banking.

Question 2

When was Telco Community Credit Union founded?

Accepted Answer

Telco Community Credit Union was founded on June 6, 1935, as the Telco Credit Union of Asheville. It was originally established to serve employees of the Southern Bell Telephone System and was the 39th credit union chartered in North Carolina.

The credit union evolved through several name changes as the telecommunications industry transformed. Through the 1940s-1980s, it operated as a Southern Bell Credit Union, later serving employees through the BellSouth and AT&T transitions. In the 1980s, following "Common Bond" membership charter legislation, the credit union began expanding through mergers with regional credit unions and inclusion of Select Employee Groups, becoming Telco Credit Union & Affiliates (TCUA).

In December 2001, TCUA converted to a community charter and changed its name to Telco Community Credit Union, significantly expanding membership eligibility beyond employee groups to include anyone who lives, works, worships, or attends school in the designated 21-county service area.

Question 3

Where is Telco Community Credit Union headquartered?

Accepted Answer

Telco Community Credit Union is headquartered at 1137 Smokey Park Highway in Candler, North Carolina, located in the greater Asheville metropolitan area.

Question 4

Where does Telco Community Credit Union operate?

Accepted Answer

Telco Community Credit Union operates throughout 21 counties in Western North Carolina. Membership is available to anyone who lives, works, worships, or attends school in the following counties: Alexander, Avery, Buncombe, Burke, Caldwell, Catawba, Cleveland, Haywood, Henderson, Iredell, Jackson, Lincoln, Madison, McDowell, Mitchell, Polk, Rutherford, Transylvania, Watauga, Wilkes, and Yancey.

The credit union maintains 10 branch locations throughout this region, serving communities primarily in the mountainous and piedmont areas of Western North Carolina.

Question 5

What services does Telco Community Credit Union offer?

Accepted Answer

Telco Community Credit Union provides a comprehensive range of financial services including share savings accounts with high-yield options, free personal checking accounts, consumer loans, auto loans, and mortgage products. The credit union offers competitive loan rates and credit building programs for members.

Digital banking services include online banking, mobile banking applications with mobile deposit capabilities, bill pay services, and account management tools. Members have access to retirement planning and wealth management services.

The credit union also operates specialized programs including a Member Rewards Program that provides benefits based on service usage, My Telco Rewards for credit card purchases, and an auto resource center for simplified car shopping.

Question 6

What makes Telco Community Credit Union unique?

Accepted Answer

Telco Community Credit Union distinguishes itself through its deep roots in Western North Carolina's telecommunications history and its commitment to the credit union motto "People Helping People." The credit union has maintained an A+ BBB rating and has been BBB Accredited since 1995.

A significant feature is the Select Employee Group (SEG) program, which partners with over 200 companies in the region to provide employee financial benefits. This program allows businesses to enhance their benefits packages while giving employees access to free personal banking, high-yield accounts, and low-interest loans.

The credit union emphasizes its cooperative ownership structure where members are not customers but full partners and owners. This member-focused approach is reflected in personalized service and individualized financial attention across all transactions.

Question 7

What type of financial institution is Telco Community Credit Union?

Accepted Answer

Telco Community Credit Union operates as a federally chartered credit union regulated by the National Credit Union Administration (NCUA). As a community-chartered credit union, it serves members based on geographic location rather than employment affiliation.

The credit union functions as a not-for-profit financial cooperative owned by its members. Profits are returned to members through higher dividends on savings, lower interest rates on loans, and expanded products and services at reduced costs. The community charter allows broad membership eligibility for anyone who lives, works, worships, or attends school within the 21-county service area, as well as immediate family members of current members and employees of participating Select Employee Group companies.

Telco Community Credit Union

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Telco Community Credit Union in the United States