On June 18th, 2021, Austin Telco Federal Credit Union celebrated its 80th anniversary. In 1941, Telco was started to serve the employees of Southwestern Bell in the Austin area. On August 31, 1941, two months after starting the credit union, Austin Telco had 49 members with total assets of $338.45, loan balances of $170.00, and cash on hand in the amount of $132.50.
Austin Telco continued to grow and in August of 1982 purchased its first corporate office building at 7501 Hwy 290 E. Telco outgrew the 290 location as a corporate office and in April of 1994, moved its headquarters to the current 8929 Shoal Creek Blvd location. In 2014, Austin Telco purchased the Balcones Centre, located at 11149 Research Blvd., which will become the new corporate headquarters in the coming months.
On January 23rd, 2004, the National Credit Union Administration approved Austin Telco as a community chartered credit union. This allowed Austin Telco to open its membership to anyone who lives, works, worships, attends school or volunteers in the 5 county Austin Metro area. Austin Telco was aggressive in opening new branches throughout the Austin area, making membership more accessible to everyone in the metro area. In June 2020, NCUA approved Austin Telco to add Burnet county to its field of membership. We now serve 6 counties: Travis, Hays, Williamson, Caldwell, Bastrop, and Burnet.
Austin Telco has come a long way since 1941. Currently, Austin Telco has over $2.2 billion in assets and membership base of more than 90,000 strong. We have 24 locations throughout the Austin Metro area to serve our members. Austin Telco has maintained its commitment to stability and growth.
We would like to thank our members for putting their trust in Austin Telco. Our growth can be attributed in so many ways to the faithful support of our loyal members.