Nonprofit · EIN 56-6047874
TELCO COMMUNITY CREDIT UNION
Tax-exempt · CANDLER, NC 28715
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $24,588,053 | $17,887,811 | $6,700,242 | $415,319,281 | $364,948,551 | $50,370,730 |
| December 31, 2024 | 990 | $22,181,909 | $17,530,010 | $4,651,899 | $396,692,637 | $353,022,149 | $43,670,488 |
| December 31, 2023 | 990 | $20,464,642 | $15,293,658 | $5,170,984 | $369,544,000 | $330,525,411 | $39,018,589 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $18,836,294
- Investment income
- $5,751,759
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $5,492,042
- Salaries, compensation and benefits (total)
- $5,492,042
- Professional fundraising fees
- $0
- Occupancy
- $1,055,876
Balance sheet and other
- Total assets, start of year
- $396,692,637
- Total assets, end of year
- $415,319,281
- Total liabilities, end of year
- $364,948,551
- Net assets, end of year
- $50,370,730
- Land, buildings and equipment
- $14,770,854
- Gross receipts
- $24,588,053
- Employees
- 104
- Year formed
- 1934
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BURNETTE | PRESIDENT CE Highest-paid employee | 40 | $275,190 |
| BRANDY PONDER | MORTGAGES Highest-paid employee | 40 | $140,808 |
| STEVE PERKINS | CLO Highest-paid employee | 40 | $111,246 |
| JARROD KENDALL | CFO Highest-paid employee | 40 | $103,396 |
| JAN STAPLER | COO Highest-paid employee | 40 | $100,314 |
| SHARON CARTER | BOARD DIRECT Trustee or director | – | $0 |
| STAN LIVINGSTON | CHAIRMAN Trustee or director | – | $0 |
| RALPH LONG | VICE CHAIR Trustee or director | – | $0 |
| BRUCE SISK | BOARD DIRECT Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BURNETTE | PRESIDENT CE Highest-paid employee | 40 | $263,639 |
| BRANDY PONDER | MORTGAGES Highest-paid employee | 40 | $112,039 |
| JAN STAPLER | COO Highest-paid employee | 40 | $110,389 |
| VANESSA RHODAMER | CFO Highest-paid employee | 40 | $108,181 |
| STEVE PERKINS | CLO Highest-paid employee | 40 | $106,955 |
| WA BYRD | VICE CHAIR Trustee or director | – | $0 |
| SHARON CARTER | BOARD DIRECT Trustee or director | – | $0 |
| HARRY HANKLA | BOARD DIRECT Trustee or director | – | $0 |
| STAN LIVINGSTON | BOARD DIRECT Trustee or director | – | $0 |
| RALPH LONG | SECRETARY Trustee or director | – | $0 |
| BOB LUX | CHAIRMAN Trustee or director | – | $0 |
| BRUCE SISK | BOARD DIRECT Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BURNETTE | PRESIDENT CE Highest-paid employee | 45 | $240,953 |
| WA BYRD | VICE CHAIR Trustee or director | 1 | $0 |
| SHARON CARTER | BOARD DIRECT Trustee or director | 1 | $0 |
| HARRY HANKLA | BOARD DIRECT Trustee or director | 1 | $0 |
| STAN LIVINGSTON | BOARD DIRECT Trustee or director | 1 | $0 |
| RALPH LONG | SECRETARY Trustee or director | 1 | $0 |
| BOB LUX | CHAIRMAN Trustee or director | 1 | $0 |
| BRUCE SISK | BOARD DIRECT Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1137 SMOKEY PARK HWY, CANDLER, NC 28715-8240
- In care of
- % DAVID BURNETTE
- Principal officer (990 for 2025)
- DAVID BURNETTE, 1137 SMOKEY PARK HWY, CANDLER, NC 28715
- Signed the 990
- DAVID BURNETTE, PRESIDENT CEO
- Phone
- (828) 252-6458
- Website
- WWW.TELCOCCU.ORG
- Return prepared by
- CANTEY TILLER PIERCE & GREEN LLP
Mission
PROVIDE FINANCIAL SERVICES TO 35,121 MEMBERS
Program accomplishments
- PROVIDE FINANCIAL SERVICES TO 35,121 MEMBERS
- PROVIDE FINANCIAL SERVICES TO 35,121 MEMBERS
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-6047874
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 2032: STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA
- Assets (IRS master file)
- $415,319,281
- Income (IRS master file)
- $24,588,053
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $24,588,053 | $17,887,811 | $415,319,281 | IRS |
| 990 | December 2024 | $22,181,909 | $17,530,010 | $396,692,637 | IRS |
| 990 | December 2023 | $20,464,642 | $15,293,658 | $369,544,000 | XML |
| 990 | December 2022 | $16,867,383 | $11,709,206 | $359,729,212 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-6047874).
Questions about TELCO COMMUNITY CREDIT UNION
- What is the EIN of TELCO COMMUNITY CREDIT UNION?
- The employer identification number (EIN) of TELCO COMMUNITY CREDIT UNION is 56-6047874.
- Is TELCO COMMUNITY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1969.
- Are donations to TELCO COMMUNITY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TELCO COMMUNITY CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TELCO COMMUNITY CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TELCO COMMUNITY CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TELCO COMMUNITY CREDIT UNION?
- The 990 for the year ended December 31, 2025 names DAVID BURNETTE.
- Who are the officers and directors of TELCO COMMUNITY CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 9 people; 5 received compensation from the organization, the highest $275,190 (DAVID BURNETTE, PRESIDENT CE).
- How much revenue does TELCO COMMUNITY CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $24,588,053, expenses of $17,887,811 and total assets of $415,319,281 at year end.
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