Education Credit Union

Overview / Commentary
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 879th largest credit union in the nation. It was established in 1935 and as of March of 2019, it had grown to 110 employees and 26,904 members at 6 locations. Education Credit Union's money market rates are 3X 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.
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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 Grade Components

NCUA #67494
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD6.72%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$268.9MM$260.4MM
LoansQ1 2019vs Q1 2018$206.6MM$195.1MM
DepositsQ1 2019vs Q1 2018$226.8MM$221.7MM
Equity CapitalQ1 2019vs Q1 2018$37.3MM$35.0MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.1MM$2.3MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$1.3MM$1.9MM
Real Estate OwnedQ1 2019vs Q1 2018$280.00K$0
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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

1.25%*$10k*-Education Savings Account
OTHER TIERS: 1.10% $25 - $10k
1.25%*$10k*-IRA Savings
OTHER TIERS: 1.10% $25 - $10k
0.95%*$50k*-Regular Share Account
OTHER TIERS: 0.80% $100 - $5k | 0.85% $5k - $25k | 0.90% $25k - $50k
0.60%$25-Deposit Savings Account
0.60%$10-Summer Pay Savings Account
0.40%--Health Savings Account

Education Credit Union Money Market Rates

1.35%*$160k*- Super Money Market
OTHER TIERS: 0.75% $2.5k - $25k | 0.85% $25k - $50k | 1.00% $50k - $100k | 1.25% $100k - $150k | 1.30% $150k - $160k
0.90%*$100k*-Money Market Account
OTHER TIERS: 0.65% $2.5k - $25k | 0.75% $25k - $50k | 0.85% $50k - $100k

Education Credit Union Checking Account Rates

0.90%*$2.5k*-Interest Checking Account
OTHER TIERS: 0.80% $900 - $2.5k

Education Credit Union CD Rates

2.35%$10k-30 Month CD - At Maturity
2.35%$10k-36 Month CD - At Maturity
2.35%$10k-48 Month CD - At Maturity
2.35%$10k-60 Month CD - At Maturity
2.30%$10k-24 Month CD - At Maturity
2.25%$10k-30 Month CD - Quarterly
2.25%$10k-36 Month CD - Quarterly
2.25%$10k-48 Month CD - Quarterly
2.25%$10k-60 Month CD - Quarterly
2.25%$10k-12 Month CD - At Maturity
2.25%$10k-18 Month CD - At Maturity
2.20%$10k-24 Month CD - Quarterly
2.15%$10k-30 Month CD - Monthly
2.15%$10k-36 Month CD - Monthly
2.15%$10k-48 Month CD - Monthly
2.15%$10k-60 Month CD - Monthly
2.15%$10k-12 Month CD - Quarterly
2.15%$10k-18 Month CD - Quarterly
2.10%$10k-24 Month CD - Monthly
2.10%$10k-182 Day CD - At Maturity
2.05%$10k-12 Month CD - Monthly
2.05%$10k-18 Month CD - Monthly
2.00%$10k-182 Day CD - Quarterly
1.90%$10k-182 Day CD - Monthly
1.85%$5k$10k30 Month CD
1.85%$5k$10k36 Month CD
1.85%$5k$10k48 Month CD
1.85%$5k$10k60 Month CD
1.80%$5k$10k24 Month CD
1.75%*$5k*$10k12 Month CD
OTHER TIERS: 1.50% $1k - $5k
1.75%$5k$10k18 Month CD
1.60%*$5k*$10k182 Day CD
OTHER TIERS: 1.35% $1k - $5k

Education Credit Union Locations
Branch Office3615 SW 45th AveAmarillo, TX 79109
Branch Office5500 Plum Creek Dr.Amarillo, TX 79124
Branch Office1801 S FM 2381Bushland, TX 79012
Branch Office6201 Hillside RdAmarillo, TX 79109-7193
Branch Office2100 4th AveCanyon, TX 79015
Branch Office4400 W Interstate 40Amarillo, TX 79106-5940

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