Telco Plus Credit Union
Telco Plus Credit Union is a not-for-profit community credit union founded in 1951, serving East Texas residents across five counties through five branches and digital channels. It offers full-service retail banking, consumer lending, mortgages, and insurance referrals on a mutual cooperative basis.
- Company typePrivate
- Founded1951
- HeadquartersLongview, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Telco Plus Credit Union does
Telco Plus Credit Union is a not-for-profit community credit union founded on June 26, 1951 (originally as East Texas Telco Credit Union to serve Southwestern Bell Telephone Company employees) and headquartered in Longview, Texas. Operating under a Texas charter with NCUA federal deposit insurance, it serves residents and workers across five East Texas counties (Gregg, Smith, Harrison, Rusk, and Cherokee) along with employees of more than 150 sponsor companies. The institution runs five physical branches across Longview, Tyler (two locations, including the June 2023 opening), Kilgore, and the UT Health North Campus, supplemented by bilingual English/Spanish service capability.
Telco Plus Credit Union firmographics
Firmographics- Name
- Telco Plus Credit Union
- Legal name
- Telco Plus Credit Union
- Website
- https://telcoplus.org
- Company type
- Private
- Founded year
- 1951
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Telco Plus Credit Union is a not-for-profit community credit union founded in 1951, serving East Texas residents across five counties through five branches and digital channels. It offers full-service retail banking, consumer lending, mortgages, and insurance referrals on a mutual cooperative basis.
- Ownership category
- akta.pro rank
Telco Plus Credit Union industry classification
Industry- Product category
- Community Banking
- NAICS
- Credit Unions (52213), Credit Card Issuing (522210), Depository Credit Intermediation (5221)
- SIC
- Savings Institution, Federally Chartered (6035), Personal Credit Institutions (6141)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
- akta.pro secondary industries
- Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Credit Cards & Revolving Credit (FSABAAAC)
Keywords
Where Telco Plus Credit Union is headquartered
LocationHeadquarters
- HQ city
- Longview
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Telco Plus Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others
Revenue model
- Interest Income from Loans: Primary revenue stream from interest charged on auto loans, personal loans, mortgages, home equity loans, credit cards, and recreational vehicle loans. Competitive rates offered as not-for-profit institution returning value to members.
- Share Account Dividends: Interest paid to members on savings, checking, and certificate accounts. Rates vary by account type with IRA savings at 1.00% APY and share certificates ranging from 3.25% to 3.75% APY as of July 2026.
- Loan Fees and Service Charges: Various fees including late payment fees (5% of loan payment), skip-a-pay fees ($30), quick cash application fees ($25), debit/credit card fees, and printed statement fees ($2). Cashier check fees ($5).
- Insurance Products (Referral): Referral commissions from CU Financial Group insurance services including auto, home, renters, life, motorcycle, boat, RV, and pet insurance.
- Student Loan Referrals: Referral revenue from Sallie Mae student loan partnerships. Credit union receives compensation for referring loan customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Auto Loans - New & Used 2022+ |
| Other | Monthly | Used Auto Loans 2021 and older |
| Other | Monthly | Motorcycles New & Used 2022+ |
| Other | Monthly | Boats, Motor Homes, Campers 2022+ |
| Other | Monthly | Personal Loans |
| Other | Monthly | VISA Credit Cards |
| Subscription | Monthly | Regular Share/Savings |
| Subscription | Monthly | IRA Savings |
| Subscription | Monthly | Rewards Plus Checking |
| Subscription | Annual | Share Certificates |
| Subscription | Monthly | Plus Checking |
| Other | Monthly | Home Equity - 5 Year Fixed |
| Other | Monthly | Home Equity - 15 Year Fixed |
| Other | Monthly | Mortgage - 20 Year Fixed |
| Other | Monthly | Mortgage - 30 Year Fixed |
| Other | Monthly | Credit Builder Loan |
| Other | Monthly | Teacher Loans |
| Other | Monthly | Quick Cash Loan |
| Subscription | Monthly | Secured Checking |
| Unit Pricing | Other | Cashier Checks |
| Unit Pricing | Other | Skip-a-Pay Fee |
| Unit Pricing | Other | Late Payment Fee |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels9 records
Telco Plus Credit Union product offering
Product offeringCore offering
Telco Plus Credit Union is a not-for-profit community credit union that provides full-service retail banking to individual members in East Texas. Its core offering encompasses checking accounts, savings products, share certificates, IRAs, auto loans, personal loans, mortgages, home equity loans, recreational vehicle loans, credit builder loans, ITIN loans, VISA credit cards, and student loans through a Sallie Mae partnership, supported by in-branch, online, and mobile banking channels.
Product overview
Telco Plus Credit Union is a not-for-profit community credit union offering a comprehensive suite of financial products and services to its members in East Texas. The core banking platform consists of multiple checking account options (Plus Checking, Rewards Plus Checking, Secured Checking, and Regular Share Draft Accounts) and savings products (Regular Shares, Member Money Funds, Christmas/Vacation Club Accounts, IRAs, and Share Certificates). The lending portfolio includes auto loans, personal loans, mortgages, home equity loans, construction loans, land loans, VISA credit cards, credit builder loans, Quick Cash alternative to payday loans, teacher loans, ITIN loans for immigrants, recreational vehicle loans, and student loans through a Sallie Mae partnership. Digital banking services encompass mobile banking and online banking platforms with bill pay, e-statements, direct deposit, and Money Desktop financial management integration. Protective products include extended warranties, GAP coverage, payment protection insurance, and Skip-a-Pay options. Insurance products are offered through CU Financial Group partnership covering auto, home, life, and specialty vehicles. The credit union operates as a full-service community institution with physical branch locations, extensive ATM networks through CO-OP and MoneyPass partnerships, and Spanish-language services.
Differentiator
Problem solved
Functional benefit
Products and services
- Plus Checking
- Rewards Plus Checking
- Secured Checking
- Regular Share Draft Accounts
- Regular Shares Savings
- Member Money Funds
- Christmas Club / Vacation Club Accounts
- IRA (Individual Retirement Accounts)
- Share Certificates (CDs)
- Auto Loans
- Personal Loans
- VISA Credit Cards
- Credit Builder Loan
- Quick Cash & Save Loan
- Teacher Loans
- ITIN Loans
- Recreational Vehicle Loans
- Home Equity Loans
- Mortgages
- Land Loans
- Construction Loans
- Student Loans (Sallie Mae Partnership)
- Online Banking Platform
- Mobile Banking App
- Audio Response (Phone Banking)
- Insurance Products (CU Financial Group)
Quantifiable outcome
- Auto loan rates as low as 4.74% APR for qualifying members (2022+ vehicles)
- +4 more outcomes
Companies that use Telco Plus Credit Union
Customer profileSegments5 records
Ideal customer profiles4 records
Telco Plus Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature5 records
Telco Plus Credit Union partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- NCUA (National Credit Union Administration)coreFederal insurance provider protecting member deposits up to $250,000. Regulatory oversight body for credit unions. Required partnership for credit union operations.
- Texas Credit Union DepartmentcoreState regulatory oversight for Texas-chartered credit unions. Members can file complaints. Located in Austin, TX.
- CUNA (Credit Union National Association)minorNational advocacy and regulatory association for credit unions providing education, compliance support, and industry representation.
- Cornerstone LeagueminorAdvocacy council serving 5 states in the South with education, regulatory, and compliance support.
- CO-OP Shared BranchingcoreNetwork partnership providing members access to over 5,000 branches and 30,000 ATMs nationwide. Enables shared branching services for members traveling outside East Texas.
- MoneyPasscoreATM network partnership providing surcharge-free ATM access at tens of thousands of locations across the country.
- CU Financial Group (CUFG)minorInsurance partner offering auto, home, renters, life, motorcycle, boat, RV, and pet insurance. CUFG shops multiple carriers to find best rates. Insurance agent April Jones handles local referrals.
Scale indicators6 records
Recent moves9 records
Expansion highlights6 records
Telco Plus Credit Union competitors and assessment
Company assessmentDirect peers
- Trumark Financial Credit Union: Community-charter credit union offering consumer deposits, auto loans, mortgages, and digital services; comparable size and member-owned structure to Telco Plus.
- Austin Telco Federal Credit Union: Texas-based community credit union originally serving telecom employees; shares Telco heritage, member-owned structure, and similar East/Central Texas community-banking model with Telco Plus.
- Texas Dow Employees Credit Union (TDECU): Large Texas community credit union offering full deposit and lending products to employer groups and community members; directly comparable product mix and member-owned operating model in the same Texas market.
- Lonestar Credit Union: Texas-based community credit union with branch network, full suite of consumer loans and deposit products, and similar community-charter operating model overlapping East Texas markets.
- InTouch Credit Union: Texas community credit union serving employer groups and residents with checking, savings, auto loans, mortgages, and digital banking — comparable product breadth and member-eligibility model.
Broad incumbents
- Digital Federal Credit Union (DCU): Large federally chartered credit union offering full consumer banking via digital channels; representative benchmark for community credit unions at greater scale than Telco Plus.
- Alliant Credit Union: Large, member-owned digital-first credit union with nationwide community-charter eligibility; demonstrates the scale-up trajectory available to community credit unions like Telco Plus.
Regional players
- First Convenience Bank (First Financial Bank): Texas-focused retail bank with branch network and consumer deposit/lending products; competes directly for community and employer-group customers in East Texas markets.
- Education Credit Union (ECU): Texas-based credit union serving educators and community members with similar deposit and lending products; particularly relevant peer given Telco Plus's Teacher Loan program.
- SchoolsFirst Federal Credit Union: Large California-based credit union serving school employees and community with full banking suite; comparable community-charter and employer-affiliation model to Telco Plus.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Telco Plus Credit Union social profiles
Digital presenceTelco Plus Credit Union compliance and trust
Trust signalCompliance2 records
Telco Plus Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Telco Plus Credit Union leadership team
Management profileNumber of profiles
Profiles9 records
Telco Plus Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Telco Plus Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Telco Plus Credit Union
What does Telco Plus Credit Union do?
Telco Plus Credit Union is a not-for-profit community credit union that provides full-service retail banking to individual members in East Texas. Its core offering encompasses checking accounts, savings products, share certificates, IRAs, auto loans, personal loans, mortgages, home equity loans, recreational vehicle loans, credit builder loans, ITIN loans, VISA credit cards, and student loans through a Sallie Mae partnership, supported by in-branch, online, and mobile banking channels.
Is Telco Plus Credit Union a public or private company?
Telco Plus Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Telco Plus Credit Union founded?
Telco Plus Credit Union was founded in 1951. It employs 1 to 10 people.
Where is Telco Plus Credit Union based?
Telco Plus Credit Union is headquartered in Longview, United States, in the North America region.
How does Telco Plus Credit Union make money?
Five revenue lines are on record. Interest Income from Loans are the primary driver. The others are share Account Dividends, loan Fees and Service Charges, insurance Products (Referral) and student Loan Referrals.
Who are Telco Plus Credit Union's main competitors?
Direct peers on record are Trumark Financial Credit Union, Austin Telco Federal Credit Union, Texas Dow Employees Credit Union (TDECU), Lonestar Credit Union and InTouch Credit Union. Broad incumbents are Digital Federal Credit Union (DCU) and Alliant Credit Union. Regional players are First Convenience Bank (First Financial Bank), Education Credit Union (ECU) and SchoolsFirst Federal Credit Union.
Does Telco Plus Credit Union have an API?
No public API is recorded for Telco Plus Credit Union.
What industry is Telco Plus Credit Union in?
Telco Plus Credit Union's product category is Community Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 52213 and its SIC code is 6035.