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Education Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.45%5-year CD60 Month CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.50%1-year CD12 Month CD
1.40% - Synchrony Bank 12 Month CDAdvertisement
0.05%SavingsDeposit Savings Account
1.15% - CIT Bank Spring Savings
View all Education Credit Union rates »

Overview / Commentary
www.educationcu.com
806-358-7777
4400 W Interstate 40
Amarillo, TX 79106-5940

Education Credit Union is headquartered in Amarillo and is the 71st largest credit union in the state of Texas. It is also the 869th largest credit union in the nation. It was established in 1935 and as of March of 2017, it had grown to 112 employees and 25,544 members at 6 locations. Education Credit Union's money market rates are 59% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Education Credit Union of Texas is open to any person that resides, works, church members, and registered students within a 10-mile distance of a credit union office in any direction, current, retired and unemployed Texas State Teachers for both the public and private sectors, employees and students of any learning institution on every level; including homeschoolers, the credit union affiliated learning associated organizations and groups that are listed on the credit union website employees of the Department of Transportation District 4, widows/widowers of deceased members, and the family members of eligible members.
See current membership details

Reviews (1)

A Postive Banking Experience

Posted by: BankReviewer1010 | May 11, 2011

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.

1


Health
A

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #67494
Year Chartered1935
Employees112
Primary Regulator
Profit Margin
Return on Assets - YTD0.02%
Return on Equity - YTD0.13%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$251.5MM$241.1MM
LoansQ1 2017vs Q1 2016$185.9MM$174.8MM
DepositsQ1 2017vs Q1 2016$213.6MM$205.6MM
Equity CapitalQ1 2017vs Q1 2016$33.3MM$31.8MM
Loan Loss AllowanceQ1 2017vs Q1 2016$2.4MM$1.8MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.7MM$1.2MM
Real Estate OwnedQ1 2017vs Q1 2016$0$111.00K
Rates
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* 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
0.55%*$10k*-Education Savings Account
OTHER TIERS: 0.40% → $25 - $10k
0.55%*$10k*-IRA Savings
OTHER TIERS: 0.40% → $25 - $10k
0.40%*$50k*-Regular Share Account
OTHER TIERS: 0.10% → $100 - $5k | 0.15% → $5k - $25k | 0.25% → $25k - $50k
0.05%$25-Deposit Savings Account
0.05%--Summer Pay Savings Account

Education Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$160k*- Super Money Market
OTHER TIERS: 0.30% → $2,500 - $25k | 0.45% → $25k - $50k | 0.55% → $50k - $100k | 0.60% → $100k - $150k | 0.65% → $150k - $160k
0.50%*$100k*-Money Market Account
OTHER TIERS: 0.25% → $2,500 - $25k | 0.35% → $25k - $50k | 0.45% → $50k - $100k

Education Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$2,500*-Interest Checking Account
OTHER TIERS: 0.05% → $900 - $2,500

Education Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$10k-60 Month CD - At Maturity
1.85%$10k-60 Month CD - Quarterly
1.75%$10k-60 Month CD - Monthly
1.70%$10k-48 Month CD - At Maturity
1.60%$10k-48 Month CD - Quarterly
1.55%$10k-36 Month CD - At Maturity
1.50%$10k-48 Month CD - Monthly
1.45%$5k$10k60 Month CD
1.45%$10k-36 Month CD - Quarterly
1.35%$10k-36 Month CD - Monthly
1.35%$10k-30 Month CD - At Maturity
1.25%$10k-30 Month CD - Quarterly
1.20%$5k$10k48 Month CD
1.20%$10k-24 Month CD - At Maturity
1.15%$10k-30 Month CD - Monthly
1.10%$10k-24 Month CD - Quarterly
1.05%$5k$10k36 Month CD
1.00%$10k-24 Month CD - Monthly
1.00%$10k-18 Month CD - At Maturity
0.90%$10k-18 Month CD - Quarterly
0.90%$10k-12 Month CD - At Maturity
0.85%$5k$10k30 Month CD
0.80%$10k-18 Month CD - Monthly
0.80%$10k-12 Month CD - Quarterly
0.70%$5k$10k24 Month CD
0.70%$10k-12 Month CD - Monthly
0.50%$5k$10k12 Month CD
0.50%$5k$10k18 Month CD
0.50%$10k-182 Day CD - At Maturity
0.40%$10k-182 Day CD - Quarterly
0.30%$10k-182 Day CD - Monthly
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