Featured Savings Rates
Featured Accounts

Education Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.45%5-year CD60 Month CD
0.35%1-year CD12 Month CD
0.05%SavingsSummer Pay Savings Account

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

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

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
A+

Health Grade Components

Overall
NCUA #67494
Year Chartered1935
Employees108
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD7.58%
Annual Interest Income$6.2MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$243.6MM$232.1MM
LoansQ2 2016vs Q2 2015$179.1MM$176.5MM
DepositsQ2 2016vs Q2 2015$206.7MM$196.1MM
Equity CapitalQ2 2016vs Q2 2015$32.5MM$30.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$1.9MM$2.2MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.8MM$1.6MM
Real Estate OwnedQ2 2016vs Q2 2015$112.00K$0
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*-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

APYMINMAXACCOUNT NAMEVIEW 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

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
1.15%$10k-30 Month CD - Monthly
1.15%$10k-24 Month CD - At Maturity
1.05%$5k$10k36 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$10k30 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$10k24 Month CD
0.65%$10k-12 Month CD - Quarterly
0.55%$10k-12 Month CD - Monthly
0.40%$5k$10k18 Month CD
0.35%$5k$10k12 Month CD
0.35%$10k-182 Day CD - At Maturity
0.25%$10k-182 Day CD - Quarterly
0.15%$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