Credit Union Of Texas


Overview / Commentary
972-263-9497
900 W Bethany Dr Ste 500
Allen, TX 75013

Credit Union Of Texas is headquartered in Allen and is the 13th largest credit union in the state of Texas. It is also the 180th largest credit union in the nation. It was established in 1931 and as of June of 2023, it had grown to 482 employees and 161,886 members at 18 locations. Credit Union Of Texas' money market rates are 10X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in Credit Union of Texas is open to those who live, work, or attend school in the Texas counties of Camp, Collin, Dallas, Denton, Ellis, Fannin, Grayson, Gregg, Harrison, Hunt, Marion, Morris, Rockwall, Smith, Tarrant, Upshur, or Wood. Employees/members of more than 300 SEGS (including 50 Texas school districts) also qualify.
See current membership details

Related Posts

Credit Union Of Texas Rate Match Plus .10 Basis Points - 9/21/2023

Credit Union of Texas (limited membership) will match any local CD rate and add ten basis points to the rate. I just got off the phone with them and gave them Advancial FCU 5 year jumbo CD rate of 5.40% APY and she said my rate would be 5.5% APY on a 5 year cd. It has to be a local North or East Texas financial institution for them to match it but 5.5% is not bad for a 5 year CD

New No Penalty CD, 4.50% APY - 4/14/2023

With a minimum deposit of $25,000, get 4.50% APY (Annual Percentage Yield) for 12 months. For new money only. New money is defined as money not currently on deposit with Credit Union of Texas. You may withdraw all your money including dividend earned, without any penalties, any time after the first six (6) days following the date you funded your account.

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Reviews (5)

Great Service!!!!!

I have an account with Texas credit union, and so far I can not complain when it comes down to the service and the products they offer they are amazing. The only inconvenience I had is that when I signed up, they enrolled me in paper statements, which is not a bad thing but then they changed the policy and I was getting charged $2.00 per statement. So I called and they took care of that. In my opinion credit union of Texas is great, they have great customer services and amazing products.

My Credit Union

My credit union has been so pleasureful to work with. I have enjoyed their service because they always get my deposits and withdraws in a very fast time. One time, I had to make a withdraw from one account to my husband's account and I knew that it would take a long time up to three days. However, I called the employee working and I asked if there was anything that could be done to make the transfer go through faster than usual. I was so shocked when he said that he could approve it right then and there because he was not busy! I was so happy because this meant the world considering how large the transfer was. This really made me recommend this credit union to others and has helped me every day.

Credit Union of Texas - My Outlook

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If a credit union is needed, this organization has a variety of helpful locations. The staff is typically quite friendly and helpful. Sometimes, the ATMs have encountered problems reading my debit card or recognizing the image of my check deposits but I usually get everything to work so that's only a minor discomfort that others may not experience.

Anyways, this credit union is very beneficial in that I've initiated 2 car loans through this organization in the past two years and they were very easy to create and process. I was certainly a fan of the quick approval, fast communication, and virtually effortless paperwork signing. They are very good for your personal or business finances. Since discovering their institution in 2012, I have been a very faithful and satisfied customer.

Review of Texas Credit Union

I used this site after being recommended by a friend who had used them in the past. I needed a union who had great customer service and could explain things to me because to be honest I really didn't know much on unions. So I was directed to this website that explains everything well and even has online CS support which was awesome. I had about 15 questions to ask and I had written them down before hand and the CS rep answer them all in a way that I understood. All in all I would recommend this site and union to anyone in Texas needing a union. I had a great overall customer service experience and that's what matters the most.

Service Is Declining

I have been a member for several years. However, I notice the more technology the bank uses the customer service suffers. Today I was unable to use my debit card and was told by a representative that members were notified via a post on Facebook. That is beyond unacceptable. No email or automated phone call was attempted. I hope they correct their errors and go back to the personalized, friendly, customer service based organization they once were.



Health

Health Grade Components

Overall
NCUA #66327
Year Chartered1931
Employees482
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD6.55%
Annual Interest Income$63.6MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$2.46B$2.07B
LoansQ2 2023vs Q2 2022$2.16B$1.76B
DepositsQ2 2023vs Q2 2022$1.92B$1.61B
Equity CapitalQ2 2023vs Q2 2022$169.1MM$172.5MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$10.1MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$16.7MM$6.3MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Credit Union Of Texas Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Save the Change
0.15%--IRA Accumulator

Credit Union Of Texas Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$750k*-Mega Money Market Account
OTHER TIERS: 1.00% $150k - $250k | 2.00% $250k+

Credit Union Of Texas CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-6 Month CD
5.00%$1k-12 Month Fast Forward CD - New Money
4.90%$1k-12 Month CD
4.55%$1k-18 Month CD
4.50%$1k-24 Month CD
4.50%$25k-12 Month No Penalty CD
4.40%$1k-36 Month CD
4.30%*$250k*-48 Month CD
OTHER TIERS: 4.00% $1k - $100k | 4.10% $100k - $200k | 4.20% $200k - $250k
4.30%*$250k*-60 Month CD
OTHER TIERS: 4.00% $1k - $100k | 4.10% $100k - $200k | 4.20% $200k - $250k

Credit Union Of Texas IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500-6 Month IRA
4.90%$500-12 Month IRA
4.50%$500-24 Month IRA
4.40%$500-36 Month IRA
4.30%*$99k*-48 Month IRA
OTHER TIERS: 4.00% $500 - $25k | 4.10% $25k - $50k | 4.20% $50k - $99k
4.30%*$99k*-60 Month IRA
OTHER TIERS: 4.00% $500 - $25k | 4.10% $25k - $50k | 4.20% $50k - $99k
Locations

Availability



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