CAROLINAS TELCO Credit Union Profile

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CAROLINAS TELCO

Charter #23494 | NCUA Region 2 | FCU

Low-Income Designation: No

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (704) 391-5600

Fax:

Founding Date: N/A

Website: http://www.ctelco.org

Personnel & Operations

President: Shumpert, Larry

Manager: Womack Jr., Jimmy

FT Employees: 90

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 53

Branches: 8

Hours: Mon - Fri 8:30 AM - 5:00 PM

Credit Union Profile Summary

CAROLINAS TELCO is a FCU Credit Union. With a total of 32,469 members ^[1], this institution manages approximately $505,462,384 in total assets ^[1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 14.76% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 3.10% ^[1].

Financial Snapshot

Total Assets ^[1]

$505,462,384

Total economic resources.

Total Loans ^[1]

$305,200,152

Total value of outstanding loans.

Total Deposits ^[1]

$421,505,807

Total funds deposited by members.

Members ^[1]

32,469

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

14.76%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) ^[1]

0.40%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio ^[1]

72.41%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↓ -6.70%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) ^[1]

↑ 3.10%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) ^[1]

↑ 0.77%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

9115 Harris Corners Pkwy, Suite 450

Charlotte, NC, 28269-3709

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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Greenville

Type: Branch Office

1020 Woodruff Rd

Greenville, SC 29607

Phone: (704) 391-5600

Services: Member Services, ATM

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Raleigh

Type: Branch Office

5712 Creedmoor Rd

Raleigh, NC 27612

Phone: (704) 391-5600

Services: Member Services, ATM, Drive-Thru

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