Telco Triad Community Credit Union Spencer IA | Affordable Auto Loans & Business Banking

Introduction

Welcome to Telco Triad Community, your trusted financial partner located at 24 W 4Th St, Spencer, IA 51301. Established in 1945, we take pride in serving our vibrant community with a focus on personal banking and member satisfaction. With a total membership of over 15,748 individuals, our commitment to fostering strong relationships is evident in everything we do. At Telco Triad Community, our members enjoy access to a wide range of services including checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. As of now, we proudly manage assets totaling $148,122,919 and have facilitated loans exceeding 9,208 in number. With total deposits amounting to $14,350,157, our financial stability ensures that your money is safe with us. Our dedicated team of 50 employees, led by CEO Andrew Barriger and Board President Robin Miller, works tirelessly to provide you with the best service possible. We understand that each member has unique needs and strive to offer personalized solutions to help you achieve your financial goals. While you can visit us at our Spencer location for all your banking needs, please note that official correspondence should be directed to the same address: 24 W 4th St, Spencer, IA 51301. We invite you to explore what makes us different. Our passion for community involvement and member support is what truly sets us apart from traditional banks. Join us today and experience the difference of being a part of a credit union that genuinely cares about its members! For more information or assistance, feel free to call us at 712-262-4194 or visit our website at telcotriad.org.

Branch History & Mission

Welcome to the Spencer Branch of Telco Triad Community, a credit union that has proudly served its members since 1945. Nestled in the heart of Spencer, Iowa, at 24 W 4th St, we have cultivated a rich history marked by growth and community commitment. Over the years, we have expanded our services and strengthened our ties with local residents, becoming a trusted partner in their financial journeys. From our modest beginnings to now boasting over 15,700 members and total assets exceeding $148 million, we have always been driven by our mission: to provide exceptional financial services while empowering our community. Our focus is on helping individuals and families achieve their financial goals through personal banking solutions like checking and savings accounts, auto loans, mortgages, and more. We believe in fostering a sense of belonging among our members; their success is our success. While members can visit us at our physical location in Spencer, official correspondence should be sent to the same address for clarity: 24 W 4th St, Spencer, IA 51301. This central location is easily accessible and serves as a hub for all your banking needs. Our mission extends beyond just providing financial products; it's about making a meaningful impact within our community. We actively engage in outreach initiatives that support local events and charities. Partnerships with schools and organizations help us give back and strengthen the fabric of Spencer. As technology advances, so do we. Our commitment to digital banking ensures that members have convenient access to their accounts anytime, anywhere. We offer online banking services, mobile payments, and e-statements to enhance your banking experience while ensuring compliance with ADA standards for accessibility. Our operating hours are designed to accommodate your schedule: Lobby hours are Monday through Thursday from 9:00 AM to 4:30 PM (with Tuesday opening at 10:00 AM) and Fridays from 9:00 AM to 5:00 PM. Our drive-thru service operates from 8:00 AM to 5:30 PM Monday through Thursday for added convenience. We invite you to join us at Telco Triad Community. Experience the benefits of being part of a supportive credit union that values its members and strives for excellence every day. Whether you need guidance on loans or advice on saving for the future, we're here for you every step of the way. Together, let's build a brighter financial future! For more information or assistance, feel free to call us at (712) 262-4194 or visit our website at telcotriad.org.

Branch Location & Accessibility

Welcome to the Spencer Branch of Telco Triad Community, conveniently located at 24 W 4th St, Spencer, IA 51301. Our branch is nestled in the heart of Spencer, surrounded by friendly neighborhoods and just a short drive from local landmarks like the Clay County Fairgrounds. Whether you're stopping by to manage your accounts or seeking financial advice, you'll find our location both accessible and welcoming. At Telco Triad Community, we prioritize your convenience. Our branch features ample parking, ensuring you have easy access when visiting us. We are fully compliant with ADA standards, providing ramps and other accessibility features for all members of our community. If you need to conduct banking transactions without leaving your vehicle, take advantage of our drive-thru service, available Monday through Thursday from 8:00 AM to 5:30 PM. While members can visit us at 24 W 4th St, official correspondence should be sent to the same address as our mailing address remains unchanged. Our operating hours are designed to fit your schedule: we're open from 9:00 AM to 4:30 PM on Mondays, Wednesdays, and Thursdays; Tuesdays from 10:00 AM to 4:30 PM; and Fridays from 9:00 AM to 5:00 PM. For any questions or assistance you may need, feel free to reach out to us at 712-262-4194. We offer a range of services including personal banking options like checking and savings accounts, auto loans, mortgage loans, and even credit cards with rewards. Your financial needs are our priority! We invite you to stop by our Spencer Branch today! Whether you're a long-time member or looking to join our community, we're here to help you navigate your financial journey with ease.

Member Eligibility

At Telco Triad Community, we believe in creating a warm, welcoming community for all our members. Joining us is simple! If you live, work, worship, or attend school in Clay County, you're already eligible to become part of our family. We pride ourselves on being more than just a financial institution; we are here to support your goals and dreams with personalized service and a range of products tailored just for you. For more detailed information about eligibility criteria, feel free to visit our website at https://telcotriad.org/benefits/membership/. Getting started is easy! Just reach out to us at (712) 262-4194, and our friendly staff will guide you through the account opening process. You can also stop by our branch located at 24 W 4Th St Spencer Ia 51301 during our operating hours. Whether you're looking for checking accounts, loans, or any other financial services, Telco Triad Community is here to help you every step of the way. We can't wait to welcome you as a member!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. Although we currently have no member or non-member commercial loans issued, we believe in providing flexible financing solutions tailored to your needs when the opportunity arises. We're here to help you navigate your options as your business evolves.

Merchant Services

In today's fast-paced environment, efficient payment processing is key. Our merchant services simplify transactions for businesses of all sizes. Imagine a local café seamlessly accepting payments through various channels, from mobile wallets to traditional credit cards. This convenience not only enhances customer experience but also boosts sales an essential aspect for any thriving business. For any inquiries or further assistance, visit us at our branch located at 24 W 4Th St Spencer Ia 51301 in Spencer, IA. You can also reach us at (712) 262-4194. Together, let's build a brighter future for your business!

Comprehensive List Of Services

ATM & Cash Withdrawal Services

While we don't have ATMs on-site, our Cash Withdrawal Services through our Drive-Thru Banking make it simple for members to access their funds quickly without leaving their vehicles. Just pull up and let us take care of the rest! At Telco Triad Community, we are committed to making banking easy and accessible for everyone in the community. To learn more about our services or speak with one of our friendly staff members, give us a call at (712) 262-4194 or visit us in person. We look forward to serving you!

Auto Loans & Vehicle Financing

Thinking about buying a new car? Our Auto Loans and Vehicle Financing options provide competitive rates and flexible terms to help you drive away in the vehicle of your dreams. Imagine cruising around town in that new ride, all while knowing you made a smart financial choice.

Business Banking

If you're a business owner, our Business Banking services include Merchant Services and Business Loans tailored specifically to support your growth. We know how vital it is to have reliable financial tools when running a business, and we're here to help you succeed.

Credit Cards with Rewards

With our Credit Cards featuring Rewards, you can earn points for every dollar spent. This means that everyday purchases can turn into exciting rewards whether that's cash back, travel points, or discounts at your favorite retailers.

Mortgage Loans & Refinancing

For those looking to purchase their first home or refinance an existing mortgage, we offer comprehensive Mortgage Loans and Refinancing solutions. Our team will guide you through the process, making it as smooth as possible so you can focus on what really matters: settling into your new home.

Online & Mobile Banking

In today's fast-paced world, convenience matters. Our Online and Mobile Banking platforms allow you to manage your accounts anytime, anywhere. With features like mobile payments and person-to-person transfers, accessing your money has never been easier.

Personal Banking

We understand that managing your finances can be challenging. That's why we offer Personal Banking services including Checking and Savings Accounts designed for every lifestyle. Whether you're saving for a family vacation or managing daily expenses, our accounts come with features that help you stay on top of your money.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way, which is why we provide Personal Loans and Debt Consolidation options. Whether it's for medical bills, home repairs, or consolidating high-interest debt into one manageable payment, we're here to help lighten your financial load.

Digital & Online Banking

At Telco Triad Community, we understand that managing your finances should be as easy and secure as possible. That's why we offer a robust suite of digital and online banking services designed to fit your lifestyle. With our user-friendly platform, you can take control of your money anytime, anywhere. One of the standout features of our services is 24/7 online banking access, which means you can check balances, pay bills, and transfer funds at your convenience through our website at https://telcotriad.org/. You'll never have to worry about banking hours again! Plus, our mobile application makes it even easier to manage your accounts on the go. We also provide electronic signature authorization, so you can complete important transactions without needing to visit a branch. This feature adds another layer of convenience while ensuring that your data remains protected. Speaking of security, our systems are built with the latest technology to keep your information safe. For those who prefer paperless statements, we offer e-statements that you can view anytime. It's a great way to keep track of your finances while helping the environment. If you need to send money quickly to friends or family, our person-to-person transfer option allows for instant transactions right from your phone or computer. And if you're into mobile payments, we've got you covered there too! Our mobile payments feature lets you make purchases directly from your device with just a few taps. At Telco Triad Community, we're committed to providing accessible and efficient banking solutions. Whether you're using our online banking services or our mobile app, managing your finances has never been easier or more secure!

Financial Strength

Commitment to Growth

Our commitment to serving you better is evident in our $8,856,798 in undivided earnings. This allows us to reinvest in innovative banking tools and stronger lending options while enhancing security measures for your peace of mind. Additionally, with $5,286 in used auto loans and $115,810,485 in total loans and leases, we're here to support your financial goals across various sectors.

Growing Membership Base

With a total of 24,558 share accounts, our growing member base reflects the trust placed in us by the community. Our net shares (funds available for lending and investments) stand at $0, reinforcing our capability to serve you effectively. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Telco Triad Community is your trusted partner. Visit us at 24 W 4Th St Spencer Ia 51301 or call (712) 262-4194 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Your savings are secure with us! We have $22,233,720 in share certificates and $2,522,514 in money market shares, which provide stable and rewarding growth opportunities for our members. Unlike traditional banks, we prioritize our members' needs. With non-member deposits totaling $12,564,861, we focus our resources on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operational efficiency shines through with a net income of $1,109,199, enabling us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 41 full-time employees and 9 part-time employees dedicated to delivering excellent service tailored just for you.

Solid Financial Foundation

With a net worth of $16,103,364, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. This solid foundation is further emphasized by our net worth ratio of $1,087, 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 $74,597,792 in used vehicle loans and $14,229,808 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new vehicle or a reliable used one, our financing options can make your automotive dreams a reality.

Credit Lines

If you're looking for additional flexibility, our total credit lines amounting to $3,250,000 offer an excellent way to manage cash flow and cover various financial needs as they arise. Our team is here to guide you through the process of selecting the right loan for your circumstances. For more information or if you have questions about eligibility requirements and refinancing options, feel free to reach out to us at (712) 262-4194 or visit us at our branch located at 24 W 4Th St Spencer Ia 51301 in Spencer, IA. We are dedicated to helping our members navigate their financial journeys with confidence. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $3,731,775, make buying or refinancing simple. We aim to provide you with accessible mortgage solutions that fit your budget and lifestyle. If you're considering refinancing your existing mortgage, we can help you explore eligibility options that may save you money.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $2,742,968 in loans helping members manage their finances effectively. This product allows you to have access to funds without tying them to collateral, making it easier for you to handle unexpected expenses or purchases.

Loan Aggregator

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Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov), ensuring fair and transparent offers. This focus on accuracy means users can trust the information they receive when comparing loan options.