Monroe Telco Credit Union West Monroe LA | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Monroe Telco, your trusted financial partner located at 4705 Cypress St, West Monroe, LA 71291. Established in 1936, we have proudly served our community for over eight decades, nurturing a strong bond with our members. With a robust membership base of 3,612 and total assets exceeding $48,786,247, we are committed to providing personalized banking solutions tailored to meet your needs. At Monroe Telco, we believe in the power of community. Our dedicated team of 16 employees, led by CEO Crystal White and Board President Walter Huffman, works tirelessly to ensure that every member receives the support they deserve. Whether you're looking for an auto loan or need assistance with savings accounts, we're here to help you navigate your financial journey. While members can visit us at our branch location, official correspondence should be sent to our mailing address: P.O. Box 4867, Monroe, LA 71211-4867. With a total deposit amount of $3,134,990 and cash readily available at $687,050, you can rest assured knowing your finances are in good hands. Our offerings include personal banking services such as checking and savings accounts, auto loans, mortgage refinancing, and credit cards with rewards. We also provide business banking options like merchant services and business loans. Plus, with online and mobile banking capabilities, managing your finances has never been easier. Join us in making the most of your financial future! Visit our website at monroetelcofcu.org or call us at 318-397-4243 to learn more about how we can assist you today. Your trust means everything to us, and together we can achieve great things!

Branch History & Mission

Join Us Today!

We invite you to experience the benefits of being part of Monroe Telco. With convenient operating hours Monday through Thursday from 9:00 a.m. to 5:00 p.m., and Friday until 5:30 p.m. and features like drive-thru banking and ATM access available for your convenience, we are here to serve you. Let us help you achieve your financial goals while making a positive impact in your community. Come visit us or give us a call at 318-397-4243! Together, let's build a brighter future.

Our Evolution

Monroe Telco began with a vision: to provide accessible financial services that empower individuals and strengthen our community. Over the years, we have adapted to meet the changing needs of our members. From offering basic savings accounts to providing modern digital banking solutions like online banking and mobile payments, we ensure that our services are relevant and user-friendly. As a member-focused credit union, we understand the importance of building relationships within our community. Our partnerships with local organizations and initiatives reflect our dedication to giving back. We believe in not just serving our members but also enriching their lives through various outreach programs.

Our Mission

At Monroe Telco, our mission is simple yet profound: we strive to enhance the financial well-being of our members while fostering community growth. We offer a range of personal banking services including checking and savings accounts, auto loans, mortgages, personal loans, and credit cards with rewards. We also support local businesses with merchant services and business loans. Our commitment extends beyond just providing financial products; we aim to create an inclusive environment where everyone feels welcome and valued. Whether it's through our ADA-compliant facilities or shared service center availability, we prioritize accessibility for all members of the community. While you can visit us at 4705 Cypress St, official correspondence should be sent to P.O. Box 4867, Monroe, LA 71211-4867 if needed.

Branch Location & Accessibility

Get in Touch!

If you have any questions or would like more information about how we can assist you, don't hesitate to reach out! Call us at 318-397-4243 or stop by during our business hours. We look forward to welcoming you into the Monroe Telco family!

Operating Hours

We know your time is valuable! That's why we offer convenient lobby hours from Monday to Thursday from 9:00 a.m. to 5:00 p.m., and on Fridays we stay open until 5:30 p.m. If you're in a hurry, take advantage of our drive-thru service during these same hours for quick transactions without leaving your vehicle.

Parking and Accessibility

When you arrive at our branch, you'll find ample parking available right outside. Our facility is equipped with ADA-compliant features to ensure that all members can access our services comfortably. Whether you need assistance entering the building or help with navigating our services inside, our friendly staff is always ready to lend a hand.

Services Offered

At Monroe Telco, we offer a wide range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and mortgages, we've got you covered. Additionally, our shared service center allows for basic transactions for partner credit union members, so you're never far from support when you need it.

Member Eligibility

At Monroe Telco, we believe that everyone deserves a place to feel supported and valued, which is why we welcome individuals from all walks of life to join our community. If you live, work, or worship in Ouachita Parish, or if you have family members who are already part of our credit union, you're eligible to become a member! We also invite employees of certain organizations and their family members to join us. Becoming a member opens the door to a variety of financial services tailored just for you, from checking accounts and auto loans to credit cards with rewards. It's easy to get started; simply visit us at 4705 Cypress St, West Monroe, LA 71291 or give us a call at 318-397-4243 for more information. For complete details on eligibility criteria, check out our website at http://www.monroetelcofcu.org/membership-1 . Ready to open your account? Head over to https://mobicint.net/mtf/loanapp/list and take your first step toward joining the Monroe Telco family!

Business Banking & Commercial Services

Merchant Services that Matter

In addition to loans, our merchant services help you manage payments effortlessly. Imagine running your business while knowing that transactions are processed smoothly whether it's accepting card payments at your store or managing online sales. Our services ensure you can focus on what you do best: serving your customers. Located at 4705 Cypress St West Monroe La 71291, West Monroe, LA 71291, we invite you to explore how Monroe Telco can partner with you for success. Reach out to us at (318) 397-4243 today!

Tailored Loan Solutions

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking

For our business members, we offer tailored solutions such as merchant services and business loans that empower entrepreneurs in West Monroe. Whether you're starting a new venture or looking to expand, we're here to support your goals.

Convenient Banking Services

At Monroe Telco, convenience is key. With our ATM services and basic drive-thru banking, you can complete deposits and withdrawals quickly perfect for busy days when time is of the essence. Plus, as part of our commitment to accessibility, we offer basic shared branch transactions for partner credit union members so you can bank seamlessly even when you're away from home. Whether you need assistance during lobby hours or prefer managing everything online from the comfort of your home, we've got you covered. Ready to explore all that Monroe Telco has to offer? Visit us at 4705 Cypress St West Monroe La 71291, call us at (318) 397-4243, or check out our website at Monroe Telco Fcu-main Office for more information. Your financial journey starts here!

Credit Cards

Life is full of opportunities for rewards! Our credit cards with rewards give you the chance to earn points on everyday purchases. Picture yourself enjoying cashback or travel perks just for using your card wisely.

Loans and Financing

When it comes to financing big purchases, we provide a variety of loan options. Are you dreaming of a new car? Our auto loans are designed to make vehicle financing straightforward and affordable. If you're considering buying a home or refinancing an existing mortgage, our mortgage loans can help you navigate the process smoothly. For those unexpected expenses or consolidating debt, our personal loans can provide quick relief without complicated terms.

Personal Banking

We offer various personal banking solutions to help you manage your day-to-day finances. Whether you're looking for a checking account that fits your spending habits or a savings account to grow your money over time, we have options that cater to your needs. Imagine having the flexibility to easily access your funds anytime, anywhere, thanks to our online and mobile banking services.

Digital & Online Banking

Key Features

With our online banking, you can easily check your account balances, view transaction history, and transfer funds in real-time all from the comfort of your home or wherever life takes you. If you prefer mobile convenience, our mobile application makes banking even simpler. You can make payments using our mobile payments feature, ensuring quick and hassle-free transactions right from your smartphone. We also offer e-statements for those who want to keep their financial records organized digitally. With e-statements, you can easily track your spending and access important documents whenever needed. Plus, for those times when you want to send money quickly to friends or family, our person-to-person transfer service allows you to do just that with a few taps on your screen.

Security and Ease of Use

At Monroe Telco, security is a top priority. Our online banking system incorporates robust security measures to protect your information so you can bank with peace of mind. We also ensure that all features are user-friendly, making it easy for everyone regardless of tech-savviness to navigate their finances without stress. While electronic signature authorization isn't available at this time, we're committed to providing a reliable online experience that meets your needs now and into the future. With these tools at your fingertips, managing your finances has never been more accessible or secure. Explore everything we have to offer by visiting us online at https://www.monroetelcofcu.org/ today!

Financial Strength

Growing Together

With a total of 7,406 share accounts, we have built a strong and growing member base that trusts us with their finances. This growth signifies the confidence members place in us as their trusted financial partner. In conclusion, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Monroe Telco is your trusted partner. Visit us at 4705 Cypress St West Monroe La 71291 or call (318) 397-4243 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Investing in Your Future

With $5,165,975 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust with $625 in used auto loans and $23,987,033 in total loans and leases available to support your financial goals across various sectors.

Member-Centric Savings Options

Members' savings are secured through $6,285,692 in share certificates, offering stable and rewarding financial growth opportunities. While our focus remains on benefiting our members, it's noteworthy that we have $0 in non-member deposits; this allows us to invest back into our member services, ensuring you receive exceptional value.

Operational Efficiency and Team Commitment

Our commitment to operational efficiency is reflected in our $562,493, which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 15 full-time employees and 1 part-time employees who are dedicated to providing personalized service at every interaction.

Our Strong Financial Position

With a net worth of $6,497,772, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,332 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $11,306,933 in used vehicle loans and $6,597,617 in new vehicle loans already helping members get on the road. We provide flexible financing options for both new and used vehicles, ensuring you can find the right fit for your budget. Plus, our refinancing options make it easy to lower your monthly payments if you're looking to switch your current loan.

Credit Lines and Personal Loans

For those who want extra flexibility, we offer credit lines up to $2,000,000, giving you access to funds when you need them. We also provide unsecured credit card loans with a total of $875,317 available, which can be an effective way to manage your finances without tying up your assets.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $0, make buying or refinancing simple. We guide you through the process to ensure you understand every step and find a loan that fits your needs.

Why Choose Us?

Choosing Monroe Telco means choosing personalized service and local expertise. Our team is dedicated to helping you navigate your financial journey, no matter where you're starting from. We're proud to support our community through accessible lending solutions tailored just for you. If you're interested in learning more about our loan offerings or want to discuss your eligibility options, don't hesitate to reach out at (318) 397-4243 or visit us at 4705 Cypress St West Monroe La 71291 in West Monroe, LA. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Take the next step towards achieving your financial goals today!

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MONROE TELCO FEDERAL CREDIT UNION