Education Credit Union is headquartered in Amarillo and is the 68th largest credit union in the state of Texas. It is also the 799th largest credit union in the nation. It was established in 1935 and as of December of 2022, it had grown to 142 employees and 33,295 members at 7 locations. Education Credit Union has an A health rating.
Field of Membership Restrictions
Education Credit Union is open to: 1) anyone who lives, works, worships, or goes to school within 10 miles of any Education Credit Union branch; 2) employees of District 4 of the Texas DOT; 3) employees and students of private, public, or parochial schools, colleges or universities; 4) individuals who hold a valid Texas teaching certificate; 5) certified day-care workers in Potter or Randall County, and members of Canyon ISD Council PTA, WTAMU Alumni Association, Amarillo ISD Council PTA, or Bushland ISD Council PTA; 6) home schoolers, retirees, and relatives.
See current membership details
A Postive Banking Experience
I had checking and savings accounts with the Amarillo Education Credit Union for over ten years. I was always extremely pleased with their service. I was very young when I first started with them, and their rules concerning banking errors like overdrafting were extremely fair. They offer all the services you can expect at a national bank, and their extended services are top notch. They only accept educators and their families.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67494 |
| Year Chartered | 1935 |
| Employees | 142 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 5.87% |
| Annual Interest Income | $18.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $421.8MM$372.9MM |
| Loans | Q4 2022vs Q4 2021 | $340.0MM$299.7MM |
| Deposits | Q4 2022vs Q4 2021 | $350.4MM$311.0MM |
| Equity Capital | Q4 2022vs Q4 2021 | $46.8MM$45.4MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $2.2MM$2.3MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $2.0MM$1.7MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |