Texas Tech Federal Credit Union


Overview / Commentary
806-742-3606
1802 Texas Tech Parkway
Lubbock, TX 79409

Texas Tech Federal Credit Union is headquartered in Lubbock and is the 71st largest credit union in the state of Texas. It is also the 858th largest credit union in the nation. It was established in 1959 and as of September of 2023, it had grown to 113 employees and 33,576 members at 5 locations. Texas Tech Federal Credit Union's money market rates are 7X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Texas Tech Credit Union is open to those who live, work, worship, or attend school in, and businesses and other legal entities located in an underserved area of Mitchell County or Taylor County, Texas. Faculty and employees of Texas Tech University, the Texas Tech Health Sciences Center, or Lubbock Christian University; or students attending Texas Tech University also qualify. Members and employees of the Texas Tech Alumni Association qualify for membership. Employees of the University Medical Center who work in Lubbock are eligible to join, as are faculty and employees of more than 20 area school districts.
See current membership details

Reviews (1)

Leadership Delivers On Customer Service

Posted by: |

I have changed my initial, critical review. A member of the leadership team from the credit union reached out and addressed and resolved each of the complaints I had. Thanks to Tyler for prioritizing my concerns and making sure I felt heard and taken care of.



Health

Health Grade Components

Overall
NCUA #12858
Year Chartered1959
Employees113
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD3.78%
Annual Interest Income$11.7MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$385.3MM$335.8MM
LoansQ3 2023vs Q3 2022$313MM$265.2MM
DepositsQ3 2023vs Q3 2022$336.2MM$293.1MM
Equity CapitalQ3 2023vs Q3 2022$40.2MM$35.9MM
Loan Loss AllowanceQ3 2023vs Q3 2022$1.4MM$1.4MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$875K$464K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Texas Tech Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Texas Tech Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$5-Save Account

Texas Tech Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$100k*-Money Market Savings
OTHER TIERS: 2.50% $1 - $50k | 2.75% $50k - $100k

Texas Tech Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.15%$1k-6 Month Certificate
5.00%$1k-12 Month Certificate
4.00%$1k-18 Month Certificate
4.00%$1k-24 Month Certificate
3.75%$1k-36 Month Certificate
3.50%$1k-48 Month Certificate
3.25%$1k-60 Month Certificate
Locations


Texas Tech Federal Credit Union Locations
Branch Office1802 Texas Tech ParkwayLubbock, TX 79409
Branch Office4005 98th StreetLubbock, TX 79424
Branch Office3601 4th St # 1A98Lubbock, TX 79430-0002
Branch Office230 W California StFloydada, TX 79235-2705
Branch Office4001 Catclaw DrAbilene, TX 79606

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