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Cabway Telco Credit Union

Overview
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Cabway Telco Credit Union is a federal credit union based in Huntington, West Virginia. It has been opened since 1955, for 65 years.

With around $4,470,000 in assets, Cabway Telco Credit Union is considered to be a small credit union.

About
Address 1135 6th Avenue
Huntington, West Virginia 25701
Website http://www.cabwaytelcofcu.org
Phone (304) 522-7752
Fax (304) 522-6480
CEO Cheryl Sullivan
President of the Board Carol Damron
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
423 members
Membership type: Service – communications and utilities
Below average number of members
423:1
Credit union member to staff ratio
423 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$4,468,170
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in West Virginia
Average number of branches
0.75%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 2 in West Virginia
Average number of branches
Cabway Telco Credit Union Branch Locations

Cabway Telco Credit Union: Main
1135 6th Avenue
Huntington, West Virginia 25701
No ATM
Members
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423 members
Membership type: Service – communications and utilities
Below average number of members

With 423 members, the Cabway Telco Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 92% of credit unions.

Fees
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$14
Average fee per member
The average fee per member at the Cabway Telco Credit Union is $14, which is low compared to most credit unions. This rate is lower than 78% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Cabway Telco Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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423:1
Credit union member to staff ratio
423 per each FTE employee
Compared to 411:1 nationally
Fewer staff
1 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 2 part-time

Cabway Telco Credit Union has 0 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Cabway Telco Credit Union has around 423 members per staff, a higher ratio compared to other credit unions.

Assets
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$4,468,170
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
29.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$5,475
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 88% of credit unions.

Cabway Telco Credit Union holds a total of $2,040,000 in loans and leases, which is about $5,475 per member on average.

Savings interest rate
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0.75%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Cabway Telco Credit Union pays 0.75%.

Loan rates
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14.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
9.48%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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5.33%
New car loan rate
Compared to 4.0% nationally
7.39%
Used car loan rate
Compared to 5.2% nationally
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