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 June of 2023, it had grown to 118 employees and 33,245 members at 5 locations. Texas Tech Federal Credit Union's money market rates are 5X the national average, and it has an A health rating.
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
Overall | |
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NCUA # | 12858 |
Year Chartered | 1959 |
Employees | 118 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.49% |
Return on Equity - YTD | 4.77% |
Annual Interest Income | $7.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2023vs Q2 2022 | $384.3MM$334.5MM |
Loans | Q2 2023vs Q2 2022 | $309.8MM$262.4MM |
Deposits | Q2 2023vs Q2 2022 | $336.9MM$292.2MM |
Equity Capital | Q2 2023vs Q2 2022 | $39.8MM$35.4MM |
Loan Loss Allowance | Q2 2023vs Q2 2022 | $1.3MM$1.4MM |
Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $642.00K$373.00K |
Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.60% | $5 | - | Save Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.25%* | $100k* | - | Money Market Account | ||
OTHER TIERS: 2.00% → $1 - $50k | 2.15% → $50k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.25% | $1k | - | 6 Month CD | |
4.25% | $1k | - | 12 Month CD | |
3.65% | $1k | - | 18 Month CD | |
3.65% | $1k | - | 24 Month CD | |
3.30% | $1k | - | 36 Month CD | |
3.20% | $1k | - | 48 Month CD | |
3.10% | $1k | - | 60 Month CD |
Texas Tech Federal Credit Union Locations | ||
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Branch Office | 1802 Texas Tech Parkway | Lubbock, TX 79409 |
Branch Office | 4005 98th Street | Lubbock, TX 79424 |
Branch Office | 3601 4th St # 1A98 | Lubbock, TX 79430-0002 |
Branch Office | 4001 Catclaw Dr | Abilene, TX 79606 |
Branch Office | 230 W California St | Floydada, TX 79235-2705 |