After four years, Shell Federal Credit Union (Houston, Texas metro area) continues to offer their high-yield reward BE GREEN Checking account. Even though the BE GREEN Checking has two downsides for a reward checking account (an above average debit card usage requirement and a below average balance cap), the upside is having a reward checking account available in a large metropolitan area.
BE GREEN monthly requirements include:
- 20 debit card purchases
- 1 direct deposit or automatic payment
- Access online banking
- Receive e-statements
BE GREEN features include:
- $1 minimum to open the account
- No minimum balance
- No monthly service charge
- All ATM fees reimbursed (if monthly requirements met)
Shell Federal Credit Union was chartered in 1937 as a credit union for the employees of Shell Oil Company. Shell FCU's mission statement proposes an organization that's purpose "is not profit, not charity, but service to members through leadership that is committed to keeping the credit union strong, aggressive and financially sound." Today, membership is open to anyone who lives, works, worships or attends school in Harris County, Texas, the most populous county in Texas. Headquartered in Deer Park, Shell FCU's 7 branches are located in Houston, Humble, La Porte, and Pasadena.
Credit Union Overview
Shell Federal Credit Union has an A rating and a Texas Ratio of 3.92% (excellent) at DepositAccounts.com. In the past year, total deposits have grown by $57.22M, an increase of 10.67%. In addition to its impressive total deposit growth, Shell FCU has an above average capitalization level of 9.74%. The credit union is federally insured by the NCUA (Charter # 1941).
How the Rate Compares
The 2.18% APY rate for the Shell Federal Credit Union's BE GREEN checking account may not look impressive when compared to other credit unions' reward checking accounts, but the fact that it is available to anyone in Harris County, Texas (3.1+ Million adults) makes it notable.
The above rates are accurate as of 7/20/2014.
To find the best reward checking accounts in your area or that are available nationwide, please refer to our reward checking account table.