Civic Intelligence

Telco Plus Credit Union

990 • Fiscal year 2012 • EIN 75-0853180

Jan 01, 2012 to Dec 31, 2012 • Filed on Apr 11, 2013

423 Gilmer Rd75604
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.87x

Higher debt load relative to assets than 24% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

44th percentile

3.9%

Faster asset growth than 44% of similar nonprofits.

2012 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$62,317,882

Up $2,354,474 (+3.9%) from 2011

Net Assets

Up

$8,407,908

Up $58,417 (+0.7%) from 2011

Liabilities

Up

$53,909,974

Up $2,296,057 (+4.4%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,271,413

Up $100,509 (+3.2%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $57,862,513Liabilities 2010: $49,359,646Net Assets 2010: $8,502,8672010Assets 2011: $59,963,408Liabilities 2011: $51,613,917Net Assets 2011: $8,349,4912011Assets 2012: $62,317,882Liabilities 2012: $53,909,974Net Assets 2012: $8,407,9082012Assets 2013: $65,080,989Liabilities 2013: $56,933,622Net Assets 2013: $8,147,3672013Assets 2014: $64,986,317Liabilities 2014: $56,684,779Net Assets 2014: $8,301,5382014Assets 2015: $64,190,361Liabilities 2015: $55,905,927Net Assets 2015: $8,284,4342015Assets 2016: $62,878,179Liabilities 2016: $54,552,613Net Assets 2016: $8,325,5662016Assets 2017: $62,585,566Liabilities 2017: $54,021,811Net Assets 2017: $8,563,7552017Assets 2018: $60,813,135Liabilities 2018: $51,648,567Net Assets 2018: $9,164,5682018Assets 2019: $61,865,751Liabilities 2019: $51,850,599Net Assets 2019: $10,015,1522019Assets 2020: $73,610,522Liabilities 2020: $62,590,715Net Assets 2020: $11,019,8072020

Highlighted filing

2012

Assets$62,317,882
Liabilities$53,909,974
Net Assets$8,407,908

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $3,205,6882010Expenses 2011: $3,170,9042011Expenses 2012: $3,271,4132012Revenue 2013: $3,322,614Expenses 2013: $3,501,654Net Income 2013: -$179,0402013Revenue 2014: $3,444,930Expenses 2014: $3,343,625Net Income 2014: $101,3052014Revenue 2015: $3,270,078Expenses 2015: $3,254,227Net Income 2015: $15,8512015Revenue 2016: $3,266,177Expenses 2016: $3,240,313Net Income 2016: $25,8642016Revenue 2017: $2,801,735Expenses 2017: $2,531,794Net Income 2017: $269,9412017Revenue 2018: $2,970,424Expenses 2018: $2,533,581Net Income 2018: $436,8432018Revenue 2019: $3,595,895Expenses 2019: $2,745,311Net Income 2019: $850,5842019Revenue 2020: $3,664,534Expenses 2020: $2,586,920Net Income 2020: $1,077,6142020

Highlighted filing

2012

Revenue-
Expenses$3,271,413
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Apr 11, 2013
Return Version
2012v2.0
Gross Receipts
$3,290,892
Mission and Program Overview

Mission

Not-for-profit cooperative provider of financial services to credit union members/owners.

Major Activities

Activity 2
Checking accounts: As of December Telco Plus Credit Union maintained over 3,100 active checking accounts. Many accounts earn dividends and most do not require a monthly service charge. Members with checking accounts are offered ATM and Debit card access to their funds. Members over age 55 receive free printed checks, no fee cashier checks and no monthly service charge. Full-time student checking accounts have no monthly service charge and receive a free box of checks. Rewards Checking accounts offer a higher than CD dividend rate, no monthly service charge, ATM fee refunds, ID theft program and free credit report monitoring service.
Activity 3
Consumer Loans: All loans are made to individual consumers. Loans offered include: autos, boats, motorcycles, recreational vehicles, personal loans, furniture, line of credit, credit card and home equity. A variety of loan protection products are offered, which include: credit life, credit disability, guaranteed asset protection and mechanical breakdown at rates far less than most dealers.
Filing and Contact Details

Filer

EIN
75-0853180
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IRS990/Activity2/Description0Checking accounts: As of December Telco Plus Credit Union maintained over 3,100 active checking accounts. Many accounts earn dividends and most do not require a monthly service charge. Members with checking accounts are offered ATM and Debit card access to their funds. Members over age 55 receive free printed checks, no fee cashier checks and no monthly service charge. Full-time student checking accounts have no monthly service charge and receive a free box of checks. Rewards Checking accounts offer a higher than CD dividend rate, no monthly service charge, ATM fee refunds, ID theft program and free credit report monitoring service.
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IRS990/ActivityOrMissionDescription0Telco Plus Credit Union is a not-for-profit cooperative thrift institution, state chartered and regulated by the State of Texas Credit Union Department and the National Credit Union Administration. Telco Plus Credit Union is a member of the National Credit Union Administration Insurance Fund. Telco Plus Credit Union offers consumer products and services in the following primary areas: Share Accounts, Checking Accounts, Consumer Loans and Home Equity Loans.
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IRS990ScheduleL/LoanTable/ApprovedByBoard111
IRS990ScheduleL/LoanTable/BalanceDue094932
IRS990ScheduleL/LoanTable/BalanceDue110299
IRS990ScheduleL/LoanTable/BalanceDue24849
IRS990ScheduleL/LoanTable/BalanceDue315516
IRS990ScheduleL/LoanTable/BalanceDue423464
IRS990ScheduleL/LoanTable/BalanceDue596746
IRS990ScheduleL/LoanTable/BalanceDue613608
IRS990ScheduleL/LoanTable/BalanceDue75756
IRS990ScheduleL/LoanTable/BalanceDue815646
IRS990ScheduleL/LoanTable/BalanceDue98776
IRS990ScheduleL/LoanTable/BalanceDue1016589

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Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2012 filings • 501(c)14 • $50M-$100M nonprofits