Education Credit Union

Headquarters

6203 Hillside Rd
Amarillo, TX 79109
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 5.50% →
1-Year CD 0.80% 4.80% →
2-Year CD 0.90% 4.25% →
5-Year CD 1.00% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Education is an NCUA insured institution located in Amarillo, TX. It was founded in 1935 and has approximately $476.13 millions in assets.

Who can join?

All employees of all public, private or parochial schools, colleges or universities*

All students of all public, private or parochial schools, colleges or universities**

Texas certified teachers not currently teaching
Home schoolers**

Retirees receiving retirement or pension as a result of employment by any organization in the field of membership

Members of Canyon ISD Council PTA, Amarillo ISD Council PTA, WTAMU Alumni Association, and Bushland ISD Council PTA

Certified day-care workers in Potter and Randall counties

Spouses of eligible persons who died while in the field of membership

Employees of District 4 of the Texas Department of Transportation*

Any blood or legal relative of anyone who is eligible for membership

Anyone living, working, attending church, or school within 10 miles of any of our locations.

*Potter, Randall, Armstrong, Carson, Dallam, Sherman, Hansford, Ochiltree, Lipscomb, Hartley, Moore, Hutchinson, Roberts, Hemphill, Gray, Deaf Smith, Donley and Oldham

** Potter, Randall, Armstrong, Carson, Donley, Oldham Dallam, Deaf Smith, Gray, Hansford, Hartley, Hemphill, Hutchinson, Lipscomb, Moore, Ochiltree, Roberts, or Sherman, Texas are eligible for membership as well as any individual related by blood or marriage to a person listed above are also eligible for membership.

NCUA Insured Yes / State-Chartered
Charter Number # # 67494
Date Established 1935
Assets $476.13 million
Loans $381.90 million
Deposits $395.12 million
Capital $56.30 million
 

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.

Deposit Rates - November 4, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.70% $10,000 $14,999 Learn More
6 Mo CD
0.70% $100,000 $199,999 Learn More
12 Mo CD
0.80% $10,000 $14,999 Learn More
12 Mo CD
0.80% $100,000 $199,999 Learn More
18 Mo CD
0.80% $10,000 $14,999 Learn More
18 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.90% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
30 Mo CD
0.90% $10,000 $14,999 Learn More
30 Mo CD
0.90% $100,000 $199,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.00% $10,000 $14,999 Learn More
48 Mo CD
1.00% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - November 4, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Education

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
District Lending
NMLS ID: 1835285
6.380% 6.250% 0.88 $4,400 $1,971 Learn More
PenFed Credit Union
NMLS ID: 401822
6.818% 6.625% 1.00 $6,400 $2,049 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.984% 6.875% 0.88 $3,545 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.200% 7.125% 0.75 $2,400 $2,156 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to Education
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Education branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Education Locations around zip code 43085




Climate Policy and Initiatives

EDUCATION is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Education Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Education. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Education U.S. Average
2.49% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, Education had $1,430,809 in non-current loans and $26,771 in owned assets. To cover these potential losses it had $56,298,811 in net worth and $2,311,910 in loans loss reserves. That gives it a Texas Ratio of 2.49%.

Net Worth
Education U.S. Average
11.81% 13.93%

Education FCU has a net worth of 11.81% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Education

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