Education Credit Union


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

Education Credit Union is headquartered in Amarillo and is the 65th largest credit union in the state of Texas. It is also the 759th largest credit union in the nation. It was established in 1935 and as of September of 2024, it had grown to 151 employees and 40,078 members at 11 locations. Education Credit Union's money market rates are 5X the national average, and it has a B+ 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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Health
B+

Health Grade Components

Overall
NCUA #67494
Year Chartered1935
Employees151
Primary Regulator
Profit Margin
Return on Assets - YTD-0.39%
Return on Equity - YTD-3.5%
Annual Interest Income$21.3MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$471MM$471.9MM
LoansQ3 2024vs Q3 2023$383.8MM$381.9MM
DepositsQ3 2024vs Q3 2023$387.2MM$400.3MM
Equity CapitalQ3 2024vs Q3 2023$53MM$53.5MM
Loan Loss AllowanceQ3 2024vs Q3 2023$3.1MM$3.2MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$3.1MM$2.5MM
Real Estate OwnedQ3 2024vs Q3 2023$0$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
0.30%*$50k*-Share Savings
OTHER TIERS: 0.15% $100 - $5k | 0.20% $5k - $25k | 0.25% $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% $500 - $25k | 0.50% $25k - $50k | 0.60% $50k - $100k

Education Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$1k*$50kSmart Checking
OTHER TIERS: 0.10% $0+
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
4.25%$500-12 Month CD - At Maturity
4.00%$500-6 Month CD- At Maturity
3.00%$500-24 Month CD - At Maturity
3.00%$500-36 Month CD - At Maturity
2.50%$500-60 Month CD - At Maturity

Education Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k-12 Month IRA
3.00%$1k-24 Month IRA
3.00%$1k-36 Month IRA
2.50%$1k-60 Month IRA
Locations

Availability



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