Education Credit Union

Overview / Commentary

www.educationcu.com

806-358-7777

6203 Hillside Rd
Amarillo, TX 79109

Education Credit Union is headquartered in Amarillo and is the 72^nd largest credit union in the state of Texas. It is also the 870^th largest credit union in the nation. It was established in 1935 and as of September of 2019, it had grown to 110 employees and 27,278 members at 7 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)

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A Postive Banking Experience

Posted by: BankReviewer1010 | May 11, 2011

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.

Comment

Health

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #	67494
Year Chartered	1935
Employees	110
Primary Regulator

Profit Margin
Return on Assets - YTD	0.99%
Return on Equity - YTD	6.93%
Annual Interest Income	$11.6MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$272.8MM$259.0MM
Loans	Q3 2019vs Q3 2018	$213.3MM$202.1MM
Deposits	Q3 2019vs Q3 2018	$228.0MM$217.9MM
Equity Capital	Q3 2019vs Q3 2018	$38.8MM$36.0MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$2.2MM$2.3MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$1.7MM$1.3MM
Real Estate Owned	Q3 2019vs Q3 2018	$127.00K$92.00K

Rates

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Money Market
Checking
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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

APY	MIN	MAX	ACCOUNT NAME
1.25%^*	$10k^*	-	Education Savings Account
OTHER TIERS: 1.10% → $25 - $10k
1.25%^*	$10k^*	-	IRA Savings
OTHER TIERS: 1.10% → $25 - $10k
0.75%^*	$50k^*	-	Regular Share Account
OTHER TIERS: 0.50% → $100 - $5k \| 0.55% → $5k - $25k \| 0.60% → $25k - $50k
0.55%	-	-	Health Savings Account
0.50%	$25	-	Deposit Savings Account

Education Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$2.5k^*	-	Interest Checking Account
OTHER TIERS: 0.40% → $900 - $2.5k

Education Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.00%	$10k	-	36 Month CD - At Maturity
2.00%	$10k	-	48 Month CD - At Maturity
2.00%	$10k	-	60 Month CD - At Maturity
1.90%	$10k	-	36 Month CD - Quarterly
1.90%	$10k	-	48 Month CD - Quarterly
1.90%	$10k	-	60 Month CD - Quarterly
1.90%	$10k	-	24 Month CD - At Maturity
1.90%	$10k	-	30 Month CD - At Maturity
1.80%	$10k	-	36 Month CD - Monthly
1.80%	$10k	-	48 Month CD - Monthly
1.80%	$10k	-	60 Month CD - Monthly
1.80%	$10k	-	24 Month CD - Quarterly
1.80%	$10k	-	30 Month CD - Quarterly
1.80%	$10k	-	12 Month CD - At Maturity
1.80%	$10k	-	18 Month CD - At Maturity
1.70%	$10k	-	24 Month CD - Monthly
1.70%	$10k	-	30 Month CD - Monthly
1.70%	$10k	-	12 Month CD - Quarterly
1.70%	$10k	-	18 Month CD - Quarterly
1.70%	$10k	-	182 Day CD - At Maturity
1.60%	$10k	-	12 Month CD - Monthly
1.60%	$10k	-	18 Month CD - Monthly
1.60%	$10k	-	182 Day CD - Quarterly
1.50%	$5k	$10k	36 Month CD
1.50%	$5k	$10k	48 Month CD
1.50%	$5k	$10k	60 Month CD
1.50%	$10k	-	182 Day CD - Monthly
1.40%	$5k	$10k	24 Month CD
1.40%	$5k	$10k	30 Month CD
1.30%^*	$5k^*	$10k	12 Month CD
OTHER TIERS: 1.05% → $1k - $5k
1.30%	$5k	$10k	18 Month CD
1.20%^*	$5k^*	$10k	182 Day CD
OTHER TIERS: 0.95% → $1k - $5k

Locations

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
Corporate Office	6203 Hillside Rd	Amarillo, TX 79109-7193

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