Education Credit Union


Overview / Commentary
800-687-8144
6203 Hillside Rd
Amarillo, TX 79109

Education Credit Union is headquartered in Amarillo and is the 66th largest credit union in the state of Texas. It is also the 751st largest credit union in the nation. It was established in 1935 and as of March of 2024, it had grown to 143 employees and 39,287 members at 9 locations. Education Credit Union's CD rates are 5X the national average, and it 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.
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Reviews (1)

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.



Health

Health Grade Components

Overall
NCUA #67494
Year Chartered1935
Employees143
Primary Regulator
Profit Margin
Return on Assets - YTD-0.08%
Return on Equity - YTD-0.67%
Annual Interest Income$6.9MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$476.5MM$481.9MM
LoansQ1 2024vs Q1 2023$378.6MM$366.1MM
DepositsQ1 2024vs Q1 2023$397.2MM$399.5MM
Equity CapitalQ1 2024vs Q1 2023$54.4MM$55.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$3.1MM$2.2MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2.8MM$2.2MM
Real Estate OwnedQ1 2024vs Q1 2023$41K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Education 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.

Education Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$10k*-Education Savings Account
OTHER TIERS: 0.50% $25 - $10k
1.00%*$10k*-IRA Savings
OTHER TIERS: 0.50% $25 - $10k
0.35%*$50k*-Share Savings
OTHER TIERS: 0.20% $100 - $5k | 0.25% $5k - $25k | 0.30% $25k - $50k
0.20%$25-Deposit Savings
0.20%$10-Summer Pay Savings Account
0.20%$0-Health Savings Account
0.15%*$50k*-Additional Savings
OTHER TIERS: 0.05% $100 - $25k | 0.10% $25k - $50k

Education Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%*$100k*- Super Money Market
OTHER TIERS: 1.65% $2.5k - $25k | 1.85% $25k - $50k | 1.95% $50k - $100k
0.70%*$100k*-Money Market Account
OTHER TIERS: 0.40% $2.5k - $25k | 0.50% $25k - $50k | 0.60% $50k - $100k

Education Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
6.00%*$0$50kSmart Checking
OTHER TIERS: 0.10% $50k+
0.05%$900-Interest Checking Account
0.05%$900-Golden Apple Checking
0.05%$900-Red Apple Checking

Education Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%$500-6 Month CD- At Maturity
4.50%$500-12 Month CD - At Maturity
3.25%$500-24 Month CD - At Maturity
3.00%$500-36 Month CD - At Maturity
2.75%$500-60 Month CD - At Maturity

Education Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$1k-12 Month IRA
3.25%$1k-24 Month IRA
3.00%$1k-36 Month IRA
2.75%$1k-60 Month IRA
Locations


Education Credit Union Locations
Branch Office4400 W Interstate 40Amarillo, TX 79106-5940
Branch Office2100 4th AveCanyon, TX 79015
Branch Office6201 Hillside RdAmarillo, TX 79109-7193
Branch Office1801 S FM 2381Bushland, TX 79012
Branch Office5500 Plum Creek Dr.Amarillo, TX 79124
Branch Office3615 SW 45th AveAmarillo, TX 79109
Corporate Office6203 Hillside RdAmarillo, TX 79109-7193
Branch Office500 W Grand StBorger, TX 79007-4606
Branch Office102 N Main StStinnett, TX 79083-1807

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