From the Bank
City CU started in 1942 with only $50 in deposits, the minimum amount required to obtain a credit union charter from the State of Texas. City CU’s first official meeting was on August 24, 1942, in the Central Council Chamber of the old City Hall. It was decided that the Board of Directors would consist of nine members, with a three-person Supervisory Committee. Operations began in a small cubby hole in the Police Detail room in the basement of the old City Hall. The credit union soon outgrew the space and moved to the fourth floor of the old City Hall. The first financial statement was completed on August 31, 1942. Loans outstanding totaled $100; total cash was $1,712 and assets totaled $1,812.
Today
Now, 80 years later, we serve communities across the Dallas-Fort Worth-Arlington metropolitan area. Led by President and CEO Sharon Moore, City CU has grown to more than $600 million in assets, with 36,000 members and 100 employees.
City CU continues to provide low-cost financial products, great rates on consumer loans and free financial education and counseling to anyone. At City CU, we’re making the difference, one member at a time.
Field of Membership Restrictions
City CU offers membership to individuals who live, work, worship, or attend school in the Texas counties of Collin, Cooke, Dallas, Denton, Ellis, Grayson, Hunt, Johnson, Kaufman, Parker, Rockwall, Tarrant, or Wise. Employees and members of more than 180 Select Employer Groups also qualify for membership.
See current membership details
Do Not Trust These People
The other negative reviews here are all true. I have experienced the same problems, and more.
This is NOT a trustworthy bank. They seem to always be looking for a reason to gouge the customer or find a "gotcha".
I could write paragraphs about all the stunts they've pulled, but it would be TLDR, and neither you nor I have the time.
BOTTOM LINE: I have two other banks, no problems. What does that tell you?
Not Trustworthy
One minute this credit union tells you that you can open an account with them via email, then when you take the time to travel to the branch they then tell you that you are not eligible to open an account with them.
If I could give zero stars I would. Do yourself a huge favor and stay far far away from this credit union.
Also while in the branch, another customer came in to report fraud on their account so I don't know how secure their systems and apps really are.
Data as of Q1 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67669 |
| Year Chartered | 1942 |
| Employees | 113 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.38% |
| Return on Equity - YTD | 3.81% |
| Annual Interest Income | $8.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2024vs Q1 2023 | $680.5MM$622.7MM |
| Loans | Q1 2024vs Q1 2023 | $383.8MM$384.7MM |
| Deposits | Q1 2024vs Q1 2023 | $602.7MM$549.9MM |
| Equity Capital | Q1 2024vs Q1 2023 | $68.1MM$65MM |
| Loan Loss Allowance | Q1 2024vs Q1 2023 | $6.5MM$6.2MM |
| Unbacked Noncurrent Loans | Q1 2024vs Q1 2023 | $5.6MM$3.5MM |
| Real Estate Owned | Q1 2024vs Q1 2023 | $0$0 |