There are many things about 2020 that we did not see coming, but with events foreseen and unforeseen, we knew it was going to be a BIG year at TelComm. After all, we’re turning the big 8-0. Eighty whole years of helping our members, neighbors, family, and friends set and achieve their financial goals.
Since opening our doors eighty years ago, TelComm Credit Union has embodied the credit union philosophy of People Helping People. TelComm Credit Union is a not-for-profit, the income we do receive is funneled right back to the members in the form of low-interest loans, high-interest savings products, and other special offers and perks not offered at other financial institutions. All decisions are made here at a local level by a volunteer board of TCU members who have the membership’s best interest in mind.
Our members are behind each decision we make, each opportunity we share, each milestone we cross, which is what makes this so rewarding: for the second year running, TelComm Credit Union has been named one of the top 200 Healthiest Credit Unions in America by DepositAccounts, a subsidiary of LendingTree. Of all the credit unions in Missouri, only three made the list, and only one of those credit unions is in southwest Missouri.
Yep, that’s us.
DepositAccounts.com compiles the Top 200 list by evaluating the financial health of over 10,000 banks and credit unions in the United States once per quarter. To determine ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios.
Getting on this list is a huge honor, and one we do not take lightly. This recognition is one are determined to earn and keep earning each day by doing what we do best—being there for our members, help see them through hardships, celebrate their successes, and help them reach their goals.