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.
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.
See current membership details
Overall | |
---|---|
NCUA # | 67494 |
Year Chartered | 1935 |
Employees | 151 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | -0.39% |
Return on Equity - YTD | -3.5% |
Annual Interest Income | $21.3MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2024vs Q3 2023 | $471MM$471.9MM |
Loans | Q3 2024vs Q3 2023 | $383.8MM$381.9MM |
Deposits | Q3 2024vs Q3 2023 | $387.2MM$400.3MM |
Equity Capital | Q3 2024vs Q3 2023 | $53MM$53.5MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $3.1MM$3.2MM |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $3.1MM$2.5MM |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
5.00%* | $1k* | $50k | Smart Checking | ||
OTHER TIERS: 0.10% → $0+ | |||||
0.05% | $900 | - | Interest Checking Account | ||
0.05% | $900 | - | Golden Apple Checking | ||
0.05% | $900 | - | Red Apple Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |