Telcomm Credit Union Info + Reviews
Telcomm Credit Union touts itself as being “better than banking” on their website. In this article, we’ll dig into whether this non-profit financial institution in Missouri is the right community to join. I’ll cover their products, rates, membership eligibility and more.
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Check Your Personal Loan Rate with SoFi
*Routing #: 286582876
*Phone #: 417-886-5355
*Locations:
2155 E. Sunshine Street
Springfield, MO 65804
2416 W. Battlefield Road
Springfield, MO 65807
Telcomm Credit Union
400 E. Chestnut Street
Springfield, MO 65806
1750 E. Republic St.
Springfield, MO 65804
338 N. Massey – Fountain Plaza
Nixa, MO 65714
161 US Highway 60 West
Republic, MO 65738
A Little History on Telcomm Credit Union
TCU was started a little after the average CU, but not that much more. They were chartered in June, 1940 for telephone employees in Springfield. Harry Duewel played a big part in putting everything together, he was an employee of Southern Bell.
There’s something to be said about places that remember how they started. A lot of the credit unions that I look at don’t have a ton of history. Once in a while I see a name but not that often.
Through various mergers over the years, Telcomm Credit Union has gotten pretty big. I consider it in the small to mid-size range today, with assets over $245 million, according to their NCUA profile.
It doesn’t look like they are part of any ATM networks or anything which is kind of weird. At the same time, their debit card is said to be accepted at millions of ATMs (although I’m not sure if that includes surcharges).
Do they give back at all?
Telcomm Credit Union does give back in a few ways. There isn’t a dedicated page on their website that I could find, however, it looks like they hold an annual golf tournament that benefits a few of their local charities.
They also have a scholarship program.
Membership Requirements at Telcomm Credit Union
There are a ton of different ways to get into this Missouri CU. There’s the usual ways of living or working (or having families living or working) in a few Missouri Counties. Those include Greene, Christian, Lawrence, Webster, and Polk of southwest Missouri.
Then, there are other methods like religious affiliation or if you work for a certain company. The list is way too long for me to go over here, but, you can check out the entire thing on their site.
Products at Telcomm Credit Union
There are only personal products at TCU, so, if you’re looking for business banking, check out another Missouri CU like Neighbors.
They have checking, savings, something called “goal” accounts, CDs, Educational Savings accounts, HSAs, Retirement Accounts, loans, and other services like investing.
Telcomm Credit Union’s Goal accounts are basically sub-savings accounts under one account number. So, if you wanted to save for something like taxes or a vacation, this would be the right vehicle to do it with.
Rates at Telcomm Credit Union
(all rates current at the time of this writing, however, they are subject to change without notice)
Auto
| NEW 2020–2021 | As low as 1.99% APR |
| Pre-Owned 2017–2019 | As low as 2.49% APR |
| Pre-Owned 2011–2016 | As low as 3.24% APR |
| Pre-Owned 2010 & Older | Contact Loan Officer |
| Up to 84 month terms, please call for details |
Home Mortgage Rates at Telcomm Credit Union
| 15 Year Fixed Rate Mortgage held at TelComm CU | As low as 3.25% APR |
| 30 Year Fixed Rate Mortgage (Refinance only) | As low as 3.75% APR |
| 15/20/25/30 Year Conventional Fixed Mortgage | Varies |
| USDA Mortgage | Varies |
| FHA Mortgage | Varies |
| VA Mortgage | Varies |
| Home Equity Line of Credit held at TelComm CU | As low as 4.00% APR |
| Fixed Rate Home Equity Loan | As low as 4.00% APR |
| Rental Property Loans held at TelComm CU (1–4 Units only, held at TCU) | Contact TCU Loan Officer |
| Loans originated at TCU generally have lower fees than other lenders |
Motorcycle, ATV, Boats, RV, Camper, Travel Trailer
| NEW 2020–2021 (Never Titled) | As low as 3.99% APR |
| Pre-Owned 2017–2019 | As low as 4.49% APR |
| Pre-Owned 2011–2016 | As low as 5.24% APR |
| Pre-Owned 2010 & Older | Contact a TCU Loan Officer |
MasterCard Credit Card loan rates at Telcomm Credit Union
| MasterCard Credit Card | As low as 8.90% APR |
MasterCard Secured Credit Card loan rate
| MasterCard Secured Credit Card | As low as 14.90% APR |
Signature Loan Rate
| Unsecured | As low as 8.90% APR |
Share Secured Loan Rate
| Share Secured | As low as 3.00% APR |
CD Secured Loan Rate
| CD Secured Loan (1yr. term or longer) | CD Rate + 2.50% APR |
Member Business Loan Rate
| Non-Owner Occupied Rental Property (1–4 units only) | As low as 4.00% APR |
Account Rates
| Share Savings ($50 Avg. Daily Bal./Qtr.) | 0.07% APY |
| Sub-Share Savings | 0.07% APY |
| Christmas Club (After balance reaches $50.00) | 0.07% APY |
| Checking (ADB/month of $200.00) | 0.03% APY |
| Kirby Kangaroo Kids Share | 0.07% APY |
| Coverdell Education Savings Acct. (ESA) Share | 0.80% APY |
| Health Savings Acct. (HSA) Share | 0.80% APY |
| IRA Share | 0.80% APY |
CD Rates at Telcomm Credit Union
| CDs have a $1,000.00 minimum. | |
| 24 Month | 0.60% APR / 0.60% APY |
| 12 Month | 0.50% APR / 0.50% APY |
| 6 Month | 0.35% APR / 0.35% APY |
| 90 Day | 0.25% APR / 0.25% APY |
Coverdell Education Savings Account (ESA)
| 24 Month ESA CD | 0.60% APR / 0.60% APY |
| 12 Month ESA CD | 0.50% APR / 0.50% APY |
| 6 Month ESA CD | 0.35% APR / 0.35% APY |
HSA CD Rates
| 6 Month HSA CD | 0.35% APR / 0.35% APY |
| 12 & 24 Month HSA CDs Available, please call Main Office for details |
IRA CD Rates
| 24 Month IRA CD | 0.60% APR / 0.60% APY |
| 12 Month IRA CD | 0.50% APR / 0.50% APY |
| 6 Month IRA CD | 0.35% APR / 0.35% APY |
APY= Annual Percentage Yield
Checking account dividends paid monthly.
All other dividend rates declared and paid quarterly.
Rates may vary and are subject to change without notice.
Telcomm Credit Union – Final Thoughts
Telcomm has a pretty big field of membership because of their more recent mergers in the last few years. They do not offer business products, so, you’ll need to look somewhere else if you have a small business. It’s nice to see that they have a few different charitable efforts in the works every year. Their website also has a range of accessibility features, which can benefit disabled users who have conditions like dyslexia.
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*All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the CU’s website or at the time of opening an account with them.
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