2019-11-08T07:47:56-06:00 2018-12-31 570568919 CANTEY TILLER PIERCE & GREEN LLP PO BOX 862 CAMDEN SC 29021 990 2018-01-01 566047874 TELCO COMMUNITY CREDIT UNION TELC 8282526458 712 NEW LEICESTER HIGHWAY ASHVILLE NC 28806 DAVID BURNETTE PRESIDENT CEO 8282526458 2019-11-07 JANET M PIERCE P00498837 8034321436 2019-11-07 206.74.13.32 2019-11-08 07:47:56 CS P F9A6853F607C06F0F5AD43C1E6C90CE922A6342A AE30496A62B46D8576CB2DA285076149EB93452B 2018 2020-03-31 21:24:44Z DAVID BURNETTE 712 NEW LEICESTER HWY ASHEVILLE NC 28806 11951480 false X WWW.TELCOCCU.ORG X 1934 NC PROVIDE FINANCIAL SERVICES TO 27,874 MEMBERS 7 7 99 0 0 10103808 11081002 558707 873064 -2586 10662515 11951480 0 0 3419804 3531807 0 0 5194571 5402956 8614375 8934763 2048140 3016717 178463369 188718828 161121782 168337945 17341587 20380883 X PROVIDE FINANCIAL SERVICES TO 27,874 MEMBERS false false PROVIDE FINANCIAL SERVICES TO 27,874 MEMBERS PROVIDE FINANCIAL SERVICES TO 27,874 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 5673 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 WA BYRD VICE CHAIR 1.00 X 0 0 0 SHARON CARTER BOARD DIRECT 1.00 X 0 0 0 STAN LIVINGSTON BOARD DIRECT 1.00 X 0 0 0 RALPH LONG BOARD DIRECT 1.00 X 0 0 0 BOB LUX CHAIRMAN 1.00 X 0 0 0 JESSE SEARCY BOARD DIRECT 1.00 X 0 0 0 BRUCE SISK SECRETARY/ T 1.00 X 0 0 0 SHARON CARTER SUP COMM CHA 1.00 X 0 0 0 LOIS ERICKSON SUP COMM 1.00 X 0 0 0 DAVID BURNETTE PRESIDENT CE 45.00 X 148668 0 14494 148668 14494 1 false true false VISA INC SIGNATURE BASED 377863 JACK HENRY ASSOCIATES DATA PROCESSING 335166 EQUIFAX CREDIT REPORTIN 136793 STAR NETWORKS INC ATM PIN BASED N 110915 4 LOAN INTEREST 522100 6587906 6587906 OTHER INCOME 522100 2999130 2999130 FEE INCOME 522100 1493966 1493966 11081002 873064 873064 GAIN/LOSS DISPOSAL OF ASSETS -2586 -2586 -2586 11951480 11951480 3531807 86843 122786 2790035 433219 90709 710568 PROVISION FOR LOAN LOSSES 485211 LOAN SERVICING 313617 PROFESSIONAL & OUTSIDE SE 178553 MISC OPERATING 125683 65732 8934763 0 0 0 2573112 2705002 34109381 31947997 37777 122375624 132783365 227516 288523 8741460 3121142 5846086 5620318 10971068 8594493 2360582 6741353 178463369 188718828 1463948 1195016 159657834 167142929 161121782 168337945 X 17341587 20380883 17341587 20380883 178463369 188718828 3016717 22579 X false true X true false 2757034 2757034 3426803 1112684 2314119 35580 26773 8807 2522043 1981685 540358 5620318 SHARES 167142929 167142929 X 11951480 11951480 11951480 8934763 8934763 8934763 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 148668 14494 163162 FORM 990, PAGE 2, PART III, LINE 4D PROVIDE FINANCIAL SERVICES TO 27,874 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