Education Credit Union is headquartered in Amarillo and is the 71st largest credit union in the state of Texas. It is also the 872nd largest credit union in the nation. It was established in 1935 and as of December of 2019, it had grown to 108 employees and 27,623 members at 7 locations. Education Credit Union 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
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 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67494 |
| Year Chartered | 1935 |
| Employees | 108 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.97% |
| Return on Equity - YTD | 6.79% |
| Annual Interest Income | $15.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $278.1MM$258.4MM |
| Loans | Q4 2019vs Q4 2018 | $219.2MM$205.7MM |
| Deposits | Q4 2019vs Q4 2018 | $233.2MM$217.5MM |
| Equity Capital | Q4 2019vs Q4 2018 | $39.5MM$36.7MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $2.3MM$2.2MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $2.0MM$1.6MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$239.00K |