Carolinas Telco Federal Credit Union

Social
  • +1

A short history of Carolinas Telco FCU

Since its inception in 1979 the Carolinas Telco Federal Credit Union has been serving its members in the Charlotte, North Carolina area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Larry Shumpert, the Carolinas Telco FCU has grown its membership to over 32,000 with assets of more than $454,010,348. They have a main office and 9 branch offices. Please see the credit unions website or contact them by phone at (704) 391-5600 or email them at memberservices@ctelco.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Charlotte, NC.

General Information For Carolinas Telco FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 23494
Address PO Box 668467 
City Charlotte 
State North Carolina 
Zip-Code 28266
Phone Number (704) 391-5600
Fax Number (704) 391-5648
Email Address: memberservices@ctelco.org
CEO/President Larry Shumpert
Members 32,000 
Full-Time Employees 76 
Part-Time Employees
Number of Branch Offices
Total Assets 454,010,348 
Website http://www.ctelco.org 

Compare Carolinas Telco Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Charlotte Metro CU Huntersville 16649 Statesville Rd 28078 (704) 375-0183 No 1.11
First Legacy Community CU Gastonia 405 S Chester ST 28052 (704) 917-0115 No 1.56
Charlotte Fire Department CU CorporateOffice 2100 Commonwealth Ave 28205 (704) 375-3950 No 1.97
Blue Flame CU Charlotte 4301 Yancey Rd 28220 (704) 523-0075 No 3.61
Nova CU Carolina Postal Credit Union 3601 Mulberry Church Rd 28208 (704) 392-3418 No 4.19

Carolinas Telco Federal Credit Union Financial Performance Charts


Performance Charts

Website Image

Financial Data


Carolinas Telco Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.74 2.80 3.73 4.02 4.15
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 319 120 173 141 121
Rank Among All North Carolina Credit Unions 22 11 17 16 6

Carolinas Telco Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.21 0.33 N/A 0.72 0.45
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 101 83 N/A 221 234
Rank Among All North Carolina Credit Unions 7 6 N/A 17 19
Carolinas Telco Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.7406,20515,278,378
All Other Unsecured Loans/Lines of Credit 10.6705,41311,835,437
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.8001,62628,362,066
Used Vehicle Loans 3.7304,67450,476,280
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.02072473,435,119
Total Other Real Estate Loans/Lines of Credit 4.15064519,491,610
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.8707499,237,284
TOTAL LOANS & LEASES 20,036208,116,174

Carolinas Telco Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 20630,649,007193,158,700
    b. 15 Years or less 50740,900,914182,270,100
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 111,885,19851,040,300
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 529,90800
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 64019,461,702462,180,897
Open-End Fixed Rate 0000
TOTALS 1,36992,926,729888,649,997

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Carolinas Telco Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs No
Home Banking Via Internet Website Yes