Key Takeaways
You’re Unique
We may be the “United States” but every state might as well have its own economy.You Love TX
You love your community and your people. Shouldn’t your bank love them, too?You Need a CU
Okay, so banks don’t love anything — except profit. A credit union is different.Texas is famous for lots of things — bluebonnets, Buc-ee’s, Billy Bob’s. You gave us Willie Nelson and Beyoncé. You also gave us Dr. Pepper, the Czech Bakery, the best Tex-Mex and Keller’s Drive-In. Hell, you even gave us Matthew McConaughey.
The other 49 states thank you for your service, Texas.
Whether you’ve lived in Texas your whole life or are just getting settled, you know Texas has even more to offer. And, like any good Texan, you love your state and want to support it in any way you can.
So here you are, reading this blog post, because you’re already looking for credit unions in Texas, right? But you’re probably looking at others, too. And while there are plenty of great national credit unions out there, there’s one awesome reason to choose a Texas-based credit union: it helps support your own community.
Think of a national bank. Who owns the bank? Bankers with a lot of money.
And how do they get that money? By profiting off you via fees and ridiculous interest rates.
And what does this do? It makes the rich, richer and the poor Texans, poorer.
So all your friends and family in Texas who bank with, well, a bank, are losing their money to faceless bankers in fancy conference rooms who probably don’t even live in Texas.
A credit union, however, is owned by its members. So any money a credit union makes goes right back to those members in the form of fewer fees and better interest rates and even scholarships for students and affordable (or free) financial programs.
Simply put, choosing a local credit union helps to distribute wealth among your own community. Texans supporting Texans!
That said, are some of the best credit unions in Texas.
Best Credit Unions in Texas for 2020
A+ Federal Credit Union
Every credit union is dedicated to wealth distribution and accessible finance, but A+ Federal Credit Union takes that a step further by giving their members the resources, knowledge and guidance to help them meet short- and long-term goals.
A+ is also passionate about helping educators teach students about personal finance. They provide presentations, curricula and programs to equip teachers to do just that for every student from Pre-K to high school. And in 2020, they’re awarding a total of $100,000 in scholarships for their college-bound members.
Texans Credit Union
Next up on our list of best credit unions in Texas: Texans Credit Union. TCU was founded in 1959 and has been expanding its membership ever since. Texans’ mission statement says it all: TCU’s goal “is not only to improve the economic well-being of its members, but to improve the well-being of the communities it serves.”
One way they do that? Through HopeKids Halloween. HopeKids plans events and activities for families with terminally ill children. Texans Credit Union has hosted their halloween event for the past few years. Every year, they decorate their headquarters and invite families to trick-or-treat through their halls. #spookyszn
Credit Union of Texas
Last but not least on our list of best credit unions in Texas: Credit Union of, well … Texas. Many credit unions partner with organizations like charities and foundations, but some also partner with other brands! Credit Union of Texas has a partnership with Sprint and TurboTax and offers discounts on some prescription medications.
Credit Union of Texas even pays students for good grades! How does $25 per A sound? Plus, once they head off to college, students have a chance to receive a $2,500 scholarship.
The Biggest isn’t Always the Best
Unless you’re talking about Texas, of course. But when it comes to credit unions? These are some of the biggest credit unions in Texas, but that doesn’t necessarily mean they’re right for you.
In fact, the best credit unions in Texas for you could be right down the street. These smaller credit unions sometimes have fewer service offerings, but because they serve a smaller community, their customer service is often out of this world. And if you’re especially concerned about serving your community — as in your neighborhood or town — a smaller, local credit union might be the way to go.
Don’t live in Texas? Check out our Best Of lists for other states!
