University Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.00% | 5-year CD | 60 Month Fixed CD 1.85% - Synchrony Bank 60 Month CD |
| 0.25% | Savings | Savings 1.00% - Ally Bank Online Savings Account |
| 0.10% | 1-year CD | 12 Month Fixed CD 1.05% - Ally Bank High Yield 12-Month CD |
University Federal Credit Union is headquartered in Austin and is the 8th largest credit union in the state of Texas. It is also the 103rd largest credit union in the nation. It was established in 1936 and as of June of 2016, it had grown to 582 employees and 208,082 members at 22 locations. University Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to anyone through joining the University of Texas Longhorn Foundation (one-time $20 donation). Membership is also open to those who are employed or attend a school, be employed by a company, or belong to an association in the field of membership.
See current membership details
Related Posts
4/6 - New Higher CD Rates at University FCU in Texas - Easy Membership
1/18 - Competitive Long-Term CD Rates at University FCU in Texas - Easy Membership
University Federal Credit Union is the way to go!
University Federal Credit Union (UFCU) is a fantastic place to bank with! Ever since moving back to Austin a few years ago, I have had my checking account as well s a couple savings accounts with UFCU. As a credit union, their fees are minimal and they really go the extra mile for their clients! For instance, I noticed some very suspicious looking charges on my bank account and I went into my local branch right away. They offered me coffee and sat me down with a banker to work out if there were any other fraudulent charges on my account, and there were! They were able to reverse the charges and reassured me that my account was safe after we changed my debit card and created new passcodes. They even issued me a special account and card for my online purchases, so that I would be able to avoid this sort of problem in the future! UFCU really is fantastic!
UFCU Is A Great Option If You're In Austin
I primarily used UFCU when I was a student at UT. They have plenty of ATMs and several branches down around the UT campus. In all of my dealings with UFCU, I've found their customer service to be excellent. I have maintained an account with them over the years because it's easy to do and if I ever need a loan, they'll be one of the first places I look.
Advantages:
Lots of ATMs near UT's campus You can use the debit cards at other in-network credit union ATMs UFCU is not a big, for-profit bank. They don't look to rip you off in the same way Chase or BoA would. I'm told their loan terms are good, though I've never taken advantage of those myself. Great customer service Disadvantages:
Their ATM network--even when you include non-UCFU credit union ATMs--isn't huge All in all, I like UFCU quite a bit.
Slow Go To Get Money Out
FYI - just had large CD mature.
Turns out ACH to external account is limited to $10K, and only 6 transactions per month.
They participate at shared branch, but limit is $25K plus fees.
OK - just mail a check. No problem-o, here's your bill for $3 for us to make out a check.
Not the end of the world, but I have not seen this at any other credit union.
You can avoid the fee IF you are local and go into a branch. Not an option for me.
Worst Customer Service I've Ever Experienced With Any Financial Institution
I've been a member of UFCU for seven years, though I have had other financial institutions until recently. They have my direct deposit, my new car auto loan, my credit card business. They are the only financial institution I use right now.
This is because I left Chase and a competitor credit union and took all that business to UFCU due to UFCU's amazing rates. The previous reviewer is 100% right that wise customers avoid for profit banks like Chase and stick to credit unions. I respectfully disagree with him about UFCU's service, aside from the loan rates. 1.3% auto loans if you qualify! Wow! 6.9% credit cards! Amazing!
Unfortunately, they have terrible customer service. My 6.9% credit card is charging 9.9%. Why? I don't know. I've never been late or gone anywhere near the max. The paperwork says 6.9% and they promise they will fix it. But they don't. My mobile app is locked out... again! I walked into the Guadalupe branch on the drag and asked them to fix it. I have my driver's license and can prove who I am, but the loan officer sneered at me for asking and said I must fix this from the internet. Do they not have internet service at their branch? I guess not, because I left that branch with the problem unresolved. Finally I did get it working a week later and could make my bill payments. Next month, the website asked me what my favorite ice cream flavor is. I had never answered that before so I thought it was establishing a security question. Nope. My wife had answered the question, and so when I guessed wrong, they locked me out of my own account.
I called their customer service and answered FIVE security questions correctly before they accepted I was who I was. I don't know why they asked me the questions, because as soon as they were done they told me they wouldn't help me. I need to go to the website to fix it. They won't do it manually. The only time they set that up is when you open the account, I guess.
That wasn't the case at Chase or the other credit union, where they would fix the problem even if that meant using their internet resources in their office. UFCU's employees seem to be more interested in socializing with their coworkers, was the impression I got on multiple occasions.
This is very frustrating because I think I'm a model member of their institution. I carry a balance, have never missed a payment, and do a ton of business with their products. But when it's time for them to do their part, they just want me to fix it on the website... which is essentially delegating their customer service job to me.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 1367 |
| Year Chartered | 1936 |
| Employees | 582 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 9.07% |
| Annual Interest Income | $36.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $2.05B$1.90B |
| Loans | Q2 2016vs Q2 2015 | $1.68B$1.42B |
| Deposits | Q2 2016vs Q2 2015 | $1.84B$1.70B |
| Equity Capital | Q2 2016vs Q2 2015 | $168.9MM$153.7MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $8.9MM$7.8MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $3.5MM$3.5MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $312.00K$311.00K |
Always verify rates and promotions with the bank or credit union. We are not University Federal 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.
University Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $100* | $2,500 | Savings | ||
| OTHER TIERS: 0.05% → $2,500+ | |||||
| 0.25% | - | - | Teen Savings | ||
| 0.25% | - | - | Kidz Savings | ||
| 0.25% | $100 | - | Variable Rate IRA | ||
| 0.25% | $100 | - | Variable Rate Roth IRA | ||
| 0.25% | $100 | - | Variable Rate CESA | ||
| 0.25%* | $100* | $2,500 | Business Savings | ||
| OTHER TIERS: 0.05% → $2,500+ | |||||
| 0.25% | $100 | - | Premium Business Savings | ||
University Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | - | $250k | Money Market w/ Member Rewards | ||
| OTHER TIERS: 0.05% → $250k+ | |||||
| 0.05% | - | - | Money Market | ||
University Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.25% | - | $500 | Teen Checking | |
| 0.05% | $2,500 | - | Premium Checking | |
| 0.05% | $100 | - | Premium Business Checking | |
| 0.01% | $1k | - | Plus Checking |
University Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.25%* | $100* | $20k | 12 Month Early Saver CD | ||
| OTHER TIERS: 0.25% → $20k+ | |||||
| 1.00% | $1k | - | 60 Month Fixed CD | ||
| 0.75% | $1k | - | 48 Month Fixed CD | ||
| 0.50% | $1k | - | 36 Month Fixed CD | ||
| 0.25% | $1k | - | 24 Month Fixed CD | ||
| 0.10% | $1k | - | 12 Month Fixed CD | ||
| 0.10% | $1k | - | 24 Month Fixed Step Up CD | ||
| 0.05% | $1k | - | 3 Month Fixed CD | ||
| 0.05% | $1k | - | 6 Month Fixed CD | ||
University Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $1k | - | 60 Month Fixed IRA | |
| 0.75% | $1k | - | 48 Month Fixed IRA | |
| 0.50% | $1k | - | 36 Month Fixed IRA | |
| 0.25% | $1k | - | 24 Month Fixed IRA | |
| 0.10% | $1k | - | 12 Month Fixed IRA | |
| 0.10% | $1k | - | 24 Month Step Up Fixed IRA | |
| 0.05% | $1k | - | 6 Month Fixed IRA |
University Federal Credit Union has 22 locations. Click to view all University Federal Credit Union locations.