TELACU was established in 1968 as a pioneering institution committed to service, empowerment, advancement, and the creation of self-sufficiency. The TELACU Model is based upon the belief that there is no more viable business venture than one that is economically sound, enhances the community, and positively impacts people's lives. Quality, affordable homes are developed for first-time homeowners, and beautiful residential complexes are constructed and operated for families and senior citizens. New community assets like schools, infrastructure, shopping centers, and municipal facilities are built, creating well-paying jobs and revitalized communities for local residents. Responsive financial institutions are managed to provide access to capital for small business owners and hardworking families. And educational opportunities are expanded to create a greater future for young people and veterans.
In 1983, TELACU established its Education Foundation in response to crisis-level dropout rates for Latino students in college. The company recognized that socioeconomic factors of family responsibility, cultural identity and financial stress create very real conflicting challenges to academic life. They believe that the true measure of success is not the number of scholars who begin college, but rather the number who ultimately attain a college degree.