What is a credit union? A credit union is a member owned cooperative.
In October of 1957, nine teachers went into the break room and put $5.00 into a pencil box and the credit union was born. These teachers were Annie Colbert, Ovis Mullen, Louise Colgin, Rita Lee, Elnora Agan, Wilma Smith, Velda Ayers, Jewel Black, Mordant Jackson, and Juanita Ragsdale. They are our founding parents. Their goal was to provide money to other teachers in the district at affordable rates while making a little interest for themselves.
All the proceeds for the credit union are used to provide services to the members. A credit union is a group of members cooperating with each other to provide for one another - hence a member owned cooperative. When you become a member, we are here for you and want to help with your financial needs. We will strive to provide the best service and lending opportunities possible.
Greater Central Texas FCU is a secure and sound institution. Every account is federally insured up to $250,000 by the NCUA (National Credit Union Administration).