Education Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.45% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 0.35% | 1-year CD | 12 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.05% | Savings | Summer Pay Savings Account 1.00% - Ally Bank Online Savings Account |
Education Credit Union is headquartered in Amarillo and is the 72nd largest credit union in the state of Texas. It is also the 862nd largest credit union in the nation. It was established in 1935 and as of June of 2016, it had grown to 108 employees and 23,720 members at 6 locations. Education Credit Union's money market rates are 70% higher than the national average, and it boasts 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 Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67494 |
| Year Chartered | 1935 |
| Employees | 108 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.02% |
| Return on Equity - YTD | 7.58% |
| Annual Interest Income | $6.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $243.6MM$232.1MM |
| Loans | Q2 2016vs Q2 2015 | $179.1MM$176.5MM |
| Deposits | Q2 2016vs Q2 2015 | $206.7MM$196.1MM |
| Equity Capital | Q2 2016vs Q2 2015 | $32.5MM$30.2MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.9MM$2.2MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1.8MM$1.6MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $112.00K$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.55%* | $10k* | - | IRA Savings | ||
| OTHER TIERS: 0.40% → $25 - $10k | |||||
| 0.45%* | $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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | $160k* | - | Super Money Market | ||
| OTHER TIERS: 0.20% → $2,500 - $25k | 0.40% → $25k - $50k | 0.60% → $50k - $100k | 0.65% → $100k - $150k | 0.70% → $150k - $160k | |||||
| 0.55%* | $100k* | - | Money Market Account | ||
| OTHER TIERS: 0.20% → $2,500 - $25k | 0.30% → $25k - $50k | 0.50% → $50k - $100k | |||||
Education Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $2,500* | - | Interest Checking Account | ||
| OTHER TIERS: 0.05% → $900 - $2,500 | |||||
Education Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 | $10k | 60 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 | $10k | 48 Month CD | |
| 1.15% | $10k | - | 30 Month CD - Monthly | |
| 1.15% | $10k | - | 24 Month CD - At Maturity | |
| 1.05% | $5k | $10k | 36 Month CD | |
| 1.05% | $10k | - | 24 Month CD - Quarterly | |
| 0.95% | $10k | - | 24 Month CD - Monthly | |
| 0.90% | $10k | - | 18 Month CD - At Maturity | |
| 0.85% | $5k | $10k | 30 Month CD | |
| 0.80% | $10k | - | 18 Month CD - Quarterly | |
| 0.75% | $10k | - | 12 Month CD - At Maturity | |
| 0.70% | $10k | - | 18 Month CD - Monthly | |
| 0.65% | $5k | $10k | 24 Month CD | |
| 0.65% | $10k | - | 12 Month CD - Quarterly | |
| 0.55% | $10k | - | 12 Month CD - Monthly | |
| 0.40% | $5k | $10k | 18 Month CD | |
| 0.35% | $5k | $10k | 12 Month CD | |
| 0.35% | $10k | - | 182 Day CD - At Maturity | |
| 0.25% | $10k | - | 182 Day CD - Quarterly | |
| 0.15% | $10k | - | 182 Day CD - Monthly |
| Education Credit Union Locations | ||
|---|---|---|
| Branch Office | 4400 W Interstate 40 | Amarillo, TX 79106-5940 |
| Branch Office | 2100 4th Ave | Canyon, TX 79015 |
| Branch Office | 6201 Hillside Rd | Amarillo, TX 79109-7193 |
| Branch Office | 1801 S FM 2381 | Bushland, TX 79012 |
| Branch Office | 5500 Plum Creek Dr. | Amarillo, TX 79124 |
| Branch Office | 3615 SW 45th Ave | Amarillo, TX 79109 |