Benefits

What's so Special about Credit Unions?
Unlike other financial institutions, credit unions are owned and run by their members. The Board of Directors is made up of volunteer members who are elected by the membership to represent everyone's best interest. Banks are owned by a small group of large stockholders. Therefore a bank's primary objective is to increase earnings in order to pay the stockholders larger dividends. Credit unions are financial cooperatives where all members share in the profits and expenses of providing the entire membership with much needed, low-cost financial services. The law recognizes that credit unions operate in unique ways that serve the public good and thus allow us to be tax exempt.

What Can It Do For Me?
Your membership enables you to borrow at rates that are generally lower than those offered by other financial institutions. Also, when you save, the interest rate you earn is generally a little higher than rates offered by competing institutions. Unlike other financial institutions, credit unions are owned and run by their members. The Board of Directors is made up of volunteer members who are elected by the membership to represent everyone's best interest. Banks are owned by a small group of large stockholders. Therefore a bank's primary objective is to increase earnings in order to pay the stockholders larger dividends. Credit unions are financial cooperatives where all members share in the profits and expenses of providing the entire membership with much needed, low-cost financial services. The law recognizes that credit unions operate in unique ways that serve the public good and thus allow us to be tax exempt.

Is My Money Safe?
Absolutely. Your credit unions is chartered under the terms of the Texas Credit Union Act and supervised by the Texas Credit Union Department. In addition, all deposits are insured to the full legal limit of $100,000 by the National Credit Union Share Insurance Fund (NCUSIF). IRA accounts are insured separately up to $100,000.