Brevard Branch Grand Opening
JUNE 2019 | SUMMER ISSUE
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THE
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Telco Branches Closed
Independence Day
Thursday, July 4
Labor Day
Monday, September 2
Columbus Day
Monday, October 14
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1
WHERE
MEMBERS
MATTER
2019 | 2020 Board of Directors
Robert Lux - Chairman
Alan Byrd - Vice Chair
Bruce Sisk - Secretary/Treasurer
Jesse Searcy - Director
Sharon Carter - Director
Stan Livingston - Director
Ralph Long - Director
2019
| 2020 Supervisory Committee
Sharon Carter - Chair
Lois Erickson - Vice Chair
Thank You to All Who Attended
This Year’s Annual Meeting
On June 12th, 2019 Telco proudly opened its 9th
branch to the Brevard community at 281 Ashe-
ville Highway.
It was wonderful to see such community en-
gagement and we appreciate all our neighbors
for stopping by to say hello and wish us well.
Our friends at the Brevard Chamber of Com-
merce helped us kick o the event with the
ocial ribbon cutting ceremony and WSQL kept
the afternoon rocking with a remote broadcast.
Everyone enjoyed the great food and refresh-
ments as well as the special new member gift
and Telco giveaways!
Having served Alexander, Buncombe, Burke, Caldwell, Catawba, Haywood, Hender-
son, Madison, McDowell, Polk and Rutherford counties—it is a great honor to now open
our credit union membership eligibility to anyone who lives, works, worships or attends
school in Transylvania County.
Thank you friends, neighbors and business owners for welcoming Telco to your commu-
nity. We look forward to providing you with exceptional nancial services.
MEMBER MATTERS
Is Home Ownership An Option For You?
If You’re Interested in Home Ownership,
Speak With A Telco Mortgage Loan Ofcer
Our Mortgage Loan Ocers are here to
help answer all your Home Loan questions.
telcoccu.org
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• Mortgage Terms from 5 to 30 years
• Fixed Rate or Variable Rate
• Construction and Land Loans
• Home Equity Line of Credit
For anyone who’s dreamed of owning a home, the
words “your loan is denied” can be a blow. But pa-
tience and hard work can make home
ownership a reality.
The best strategy is to meet with a Telco loan ocer
and learn about the home loan process before you
start looking for a house.
Lenders size up loan applicants on whether or not they
are good credit risks. In other words, will an applicant
fulll a debt obligation or fall behind on payments and
eventually default? Factors that can derail a mortgage
application include a debt-to-income ratio above 35%,
less than two years of employment history, nonpay-
ment of bills, and application to purchase property
that’s depreciating in value.
These “Three C’s” are the traditional test for credit-
worthiness:
Capacity. Do you have the income to repay the debt?
Lenders review employment history, gross monthly
income, housing expenses, and outstanding debt.
Character. How much debt do you already owe, do
you pay your bills on time, and are you able to live
within your means? Lenders also want proof of stabil-
ity — how long you’ve lived at the same address and
held your present job.
Collateral. Is the property structurally sound or a
sagging shack that’ll undermine your ability to repay
the mortgage? A licensed appraiser helps make this
determination.
Most lenders use credit scoring, an objective model
that predicts credit risk. In essence, scoring uses cred-
it report data to evaluate your credit history based on
experience with other borrowers. Computerized credit
scoring speeds up the loan underwriting process and
eliminates human bias. But it doesn’t have the human
ability to detect personal issues that can aect some-
one’s credit history. That’s why we at Telco sometimes
consider other factors in the case of low-scoring
applications. We also may nd situations that override
a poor score.
Talk to one of our mortgage loan ocers at Telco.
Call 828-645-6003 and learn how you could become
a homeowner.
Eddie Dayton
828-348-3177
Weaverville Branch
David Smith
828-348-3174
Tunnel Rd. Branch
If You’re Interested in Home Ownership,
Speak With A Telco Mortgage Loan Ofcer
telcoccu.org
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As the price of fresh, unprocessed food continues to rise,
you’re probably looking for ways to save money. One way is
to grow some of the fruits and vegetables you love. A small
garden can provide fresh food for your family and save you
hundreds of dollars each year.
Let’s break down the cost of starting your own food garden.
Seedlings are about $4.00 each. Garden soil costs about
$5.00/cubic foot and plant food is about $10.00 for a 6 lb. bag.
Say you plant just one tomato plant. You’ll pay about $7.00
for the materials and yield at least 15 lbs. of tomatoes from
one plant during the planting season. If you bought 15 lbs. of
tomatoes at a grocery, you’d pay about $2.50/lb., for a total of
$38. That’s a savings of $31.
Lettuce is another easy vegetable to grow. A 10 oz. bag in
the grocery will cost about $2.50. If you purchase 20 bags
during the growing season, you’ll spend $50.00. If you grow
your lettuce, not only will you be able to pick it fresh from
your garden, but you’ll save about $43.
Growing your own vegetable and fruit garden is a fantastic
way to get healthy, organic food at a fraction of the cost of
buying it at a store.
Take Advantage of Telco’s
Extra Awards
®
Program
Stretch Your Grocery
Money
FOR MORE INFORMATION ON EXTRA AWARDS
®
VISIT WWW.TELCOCCU.ORG/VISA-CARDS
Is your Visa
®
card giving you basic rewards points for limited
merchandise? Telco’s Visa Extra Awards
®
program gives
you points for everyday spending that you can use toward
gift cards/certicates and travel anywhere in the world!
Extra Awards
®
gives you more options because it’s your
nancial institution’s reward program. Awards are not tied
to specic airlines or one company’s merchandise. Simply
use your qualifying card or account and watch your points
add up. When you have enough points for the reward of
choice, just submit your redemption request. That’s it!
So, you’ve graduated from college. While it may be
tempting to take your graduation gift money and spend
like crazy, using the money wisely will set you up for a
healthy nancial future.
Here are the best ways to use your gift money, ranked
from most important to least important:
• Bad Debt—Pay o bad debt. This means paying o
credit cards with high interest rates.
• Insurance—Make sure you have auto, health,
disability, and renter’s insurance expenses covered.
If you have a signicant other who depends on your
income, add a life insurance policy to the mix.
• Starter fund—You need some money set aside for
day-to-day living expenses. This includes rent,
groceries, gas, and cell phone. This account should
have two to three months of living expenses all
the time.
• Emergency fund—Set aside some money for car
repairs, doctor and veterinarian visits, job loss, or
travel due to a family emergency.
• Down payments—Depending on where you live,
you may have to think about buying a car or making
a down payment on a house.
• Student loans—If you have private loans, pay them
o before federal loans.
• Long-term savings—Plan for retirement by investing
in a Roth IRA (individual retirement account) or a CD
(Certcate of Deposit).
If you have questions about the best way to save for your
future, talk to the professionals at Telco.
Cap and Benjamins
telcoccu.org
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Branch Locations
Asheville - Leicester Branch
710 New Leicester Highway
Asheville, NC 28806
828.225.5919
Asheville - Tunnel Rd.
Branch
36 Tunnel Road
Asheville, NC 28805
828.252.6888
Brevard Branch
281 Asheville Highway
Brevard, NC 28712
828-885-7636
Candler Branch
1141 Smokey Park Highway
Candler, NC 28715
828.633.6604
Hendersonville Branch
1452 7th Avenue East
Hendersonville, NC 28792
828.595.9841
Hickory Branch
355 US Highway 70 SW
Hickory, NC 28602
828.322.8566
Morganton Branch
127 West Parker Road
Morganton, NC 28655
828.433.0016
Skyland Branch
1871 Hendersonville Road
Asheville, NC 28803
828.210.2090
Weaverville Branch
34 Northcrest Road
Weaverville, NC 28787
828.645.6003
Branch Hours
Monday - Thursday
8:30 am - 5:00 pm
Friday: 8:30 am - 6:00 pm
Drive-Thru Hours:
Monday - Thursday
8:30 am - 5:30 pm
Friday: 8:30 am - 6:00 pm
24/7 Account Access
828.255.8006
Member Services
828.252.6458
Your Online Resource
For:
Home Banking
Online Bill Pay
Mobile Banking
Current Rates
and more...
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APRIL
Telco Branch Spot Light
HENDERSONVILLE
EMPLOYEES OF THE MONTH
MAY
“Telco is more than a job for me... I am
proud of what I do. Not only is Telco ded-
icated to helping the community with -
nancial services but also helping through
their commitment to charitable services.
I am very dedicated to my career and in
giving our members great service.”
~ Pamela Gonzalez
Interim Branch Manager, Leicester
Certicate Presented by Bob Lux,
Chairman of the Board
Throughout the year you will nd branch manager Maria Alvarez and the team at the Telco
Hendersonville branch, participating in community events such as the Hendersonville festi-
val—created to embrace diversity and bring cultures together in the community.
This past November the branch put together a coat drive to gather donations for Interfaith
Ministry and held a bake sale in support of Henderson County Hunger Coalition. They also
took part in their local elementary school’s career day fair, where children had the opportunity
to ask questions about credit unions and what is involved in forming a career with a nancial
institution.
Thank you for all your involvement and eort you put forth into our community
.
L to R: Magali Perales, Maria Rose Padron, Sarah Robinson, Nina Wyatt and Maria Alvarez
“I have been a teller at Telco for a little
over a year now and really enjoy helping
our members with their banking needs.
It’s nice to know the names of our mem-
bers’ familiar faces and ask how their day
is going. Working at Telco has helped me
to become more outgoing. I enjoy what I
do and come in everyday with a smile on
my face.”
~ Tina Wiegel
Part Time Teller, Candler
