TDECU is headquartered in Lake Jackson and is the 4th largest credit union in the state of Texas. It is also the 78th largest credit union in the nation. It was established in 1954 and as of June of 2023, it had grown to 940 employees and 378,319 members at 35 locations. TDECU's CD rates are 5X the national average, and it has a B health rating.
Field of Membership Restrictions
Membership in TDECU is open to individuals who live, work, worship, or attend school in the Texas counties of Bastrop, Bexar, Blanco, Brazoria, Caldwell, Calhoun, Collin, Comal, Dallas, Denton, DeWitt, Fayette, Fort Bend, Galveston, Goliad, Gonzales, Guadalupe, Harris, Hays, Jackson, Kendall, Lavaca, Lee, Matagorda, Montgomery, Refugio, Tarrant, Travis, Victoria, or Williamson. Employees, retirees, and members of more than 120 companies (including BASF, Dow Chemical, Chevron-Texaco) and organizations also qualify for membership.
See current membership details
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Breath of fresh air credit union
I had been a patron of a commercial bank in the northeast for well over 20 years. They were great at first, with very customer-friendly hours. Over time, and after a merger, the fees started going up and up and up, while customer service went down and down.
After a recent move, I had to choose a new bank. I chose Texas Dow Employees Credit Union, as family members belonged. I was very pleasantly surprised by the service and products. I would never go back to commercial banks. This credit union is like a family and I am very pleased with it.
Great Bank, Horrible Cards
I would give this Bank a 5* if not for their debit/credit cards. The chip cards they issue are the absolute worst. 90% of the time the chip doesn't even work and depending on where you go, this may cause you to not even be able to make a purchase. Then if you can swipe after a few failed attempts with the chip, there's a chance the bank will block your card. Customer service is good but shouldn't have to deal with them for an issue like this to begin with. UPDATE YOUR DEBIT/CREDIT CARDS. They don't even offer the tap cards. Banking here is like banking a decade behind everyone else. Other than that, they're not a bad bank, just issue really bad cards.
Former Client
Not a user friendly bank at all and too difficult to set up online banking. They alienate you in their so called effort to protect you. By far the most difficult bank I've ever used. Setting up my business account, accessing the funds has been way too stressful. But they are friendly!
What On Earth Is A DEI Director?
Ever since TDECU had the president and ceo step down, it's no longer doing much for the community. And what the heck is a DEI director, and what for? To create division and fake issues in our communities? That very conspiracy they conjured up about the fake narrative of unequal treatment was ridiculous... up until now. They created it and it doesn't help anybody, it's harming everybody.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60705 |
| Year Chartered | 1954 |
| Employees | 940 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 5.24% |
| Annual Interest Income | $124.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $4.75B$4.70B |
| Loans | Q2 2023vs Q2 2022 | $4.31B$3.99B |
| Deposits | Q2 2023vs Q2 2022 | $3.94B$4.00B |
| Equity Capital | Q2 2023vs Q2 2022 | $443.7MM$418.3MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$40.8MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $42.3MM$42.1MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
