2020-05-15T11:58:29-05:00 2019-12-31 570568919 CANTEY TILLER PIERCE & GREEN LLP PO BOX 862 CAMDEN SC 29021 990 2019-01-01 566047874 TELCO COMMUNITY CREDIT UNION TELC 8282526458 712 NEW LEICESTER HIGHWAY ASHVILLE NC 28806 DAVID BURNETTE PRESIDENT CEO 8282526458 2020-05-15 JANET M PIERCE P00498837 8034321436 2020-05-15 206.74.13.32 2020-05-15 11:58:29 CD P 8A5EF587CFE71028FDEAE561BA42261A23FBE972 34C51C3261704471D409D11DAE3CFA7FFB2472B8 2019 2021-04-22 16:20:28Z DAVID BURNETTE 712 NEW LEICESTER HWY ASHEVILLE NC 28806 13019185 false X WWW.TELCOCCU.ORG X 1934 NC PROVIDE FINANCIAL SERVICES TO 28,859 MEMBERS 7 7 99 0 0 11081002 12059440 873064 900159 -2586 59586 11951480 13019185 0 0 3531807 3745286 0 0 5402956 6032441 8934763 9777727 3016717 3241458 188718828 198671400 168337945 175046010 20380883 23625390 X PROVIDE FINANCIAL SERVICES TO 28,859 MEMBERS false false PROVIDE FINANCIAL SERVICES TO 28,859 MEMBERS PROVIDE FINANCIAL SERVICES TO 28,859 MEMBERS false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 8062 0 false 99 true false false false false false false false false X 7 7 false false false false true true false true true false false false true true true true true false false false X ROBERT GORDON 8282526458 712 NEW LEICESTER HWY ASHEVILLE NC 28806 X DAVID BURNETTE PRESIDENT CE 45.00 X 167426 0 0 WA BYRD VICE CHAIR X 0 0 0 SHARON CARTER BOARD DIRECT X 0 0 0 STAN LIVINGSTON BOARD DIRECT X 0 0 0 RALPH LONG BOARD DIRECT X 0 0 0 BOB LUX CHAIRMAN X 0 0 0 JESSE SEARCY BOARD DIRECT X 0 0 0 BRUCE SISK SECRETARY/ T X 0 0 0 SHARON CARTER SUP COMM CHA X 0 0 0 LOIS ERICKSON SUP COMM X 0 0 0 167426 2 false true false VISA INC SIGNATURE BASED 399996 JACK HENRY ASSOCIATES DATA PROCESSING 369356 STAR NETWORKS INC ATM PIN BASED N 134185 EQUIFAX CREDIT REPORTIN 131230 4 LOAN INTEREST 522100 7262031 7262031 OTHER INCOME 522100 3255602 3255602 FEE INCOME 522100 1541807 1541807 12059440 900159 900159 GAIN/LOSS DISPOSAL OF ASSETS 59586 59586 59586 13019185 13019185 3745286 95505 144692 3043589 550908 111085 923612 PROVISION FOR LOAN LOSSES 515483 LOAN SERVICING 343956 PROFESSIONAL & OUTSIDE SE 130632 MISC OPERATING 121957 51022 9777727 0 0 0 2705002 2371672 31947997 36503820 37777 23755 132783365 139867314 288523 387053 9952357 3527473 5620318 6424884 8594493 3734179 6741353 9358723 188718828 198671400 1195016 1278782 167142929 173767228 168337945 175046010 X 20380883 23625390 20380883 23625390 188718828 198671400 3241458 3049 X false true X true false 2957034 2957034 3947072 1230189 2716883 159721 15626 144095 2888530 2281658 606872 6424884 SHARES 173767228 173767228 X 13019185 13019185 13019185 9777727 9777727 9777727 SCHEDULE D, PAGE 3, PART X THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE MORE LIKELY THAN NOT STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. AS SUCH, THE CREDIT UNION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, NO INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. false false false DAVID BURNETTE PRESIDENT CEO 167426 167426 FORM 990, PAGE 2, PART III, LINE 4D PROVIDE FINANCIAL SERVICES TO 28,859 MEMBERS FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A DIRECTORS AND OFFICERS ELECTED BY MEMBERS FORM 990, PAGE 6, PART VI, LINE 11B REVIEW SENT TO CU FOR REVIEW BEFORE FILING FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY, PERSONNEL ALONG WITH BOARD OF DIRECTORS SIGN A POLICY ADDRESSING CONFLICT OF INTEREST FORM 990, PAGE 6, PART VI, LINE 19 BOARD FINANCIALS DISPLAYED IN BRANCH LOBBIES AND AVAILABLE UPON REQUEST