Texans Credit Union has a mission of providing its members with financial services that are safe, secure, and efficient. They offer services such as online banking, auto and home loans, and credit cards. They are also the official credit union of the Houston Texans.
Texas Dow Employees Credit Union
Whether you’re looking for a credit card, checking account, savings account, auto loan, personal loan, or business loan, Texas Dow Employees Credit Union has competitive rates and low fees. TDECU has been in operation since 1954. This member-owned financial cooperative offers banking services to 312,000 members. It has 38 service locations and $4.7 billion in assets.
TDECU’s primary goal is to help members with banking needs and maximize their member experience. In addition to banking services, TDECU offers other financial products such as insurance, real estate services, and small business loans. It also offers a cash stash line of credit. It is open to the immediate family of current members.
NCUA conservatorship
During the savings and loan crisis, institutions tried to avoid bankruptcy by making increasingly risky investments. However, losses occurred and collateralized mortgage obligations experienced significant losses. The NCUA is in charge of the National Credit Union Share Insurance Fund (NCUSIF), which protects member funds in credit unions. If a credit union becomes insolvent, the NCUA can place the credit union into conservatorship and liquidate it. Alternatively, the NCUA can appoint itself as a liquidating agent for insolvent state-chartered credit unions.
When the NCUA placed Cap Corp into conservatorship, the institution had nearly 70 percent of its assets invested in derivative instruments. This investment strategy cost the institution about $16 million in losses.
TDECU is the official credit union of the Houston Texans
During the ‘Houston Texans’ inaugural season, the Texas Dow Employees Credit Union (TDECU) officially entered into an exclusive partnership. This partnership will see the credit union provide unique benefits to its employees, as well as improving the financial well-being of its community partners.
Aside from the official credit union of the Houston Texans, TDECU has also become the primary sponsor of the University of Houston’s 40,000-seat stadium. While TDECU has been the primary sponsor of the aforementioned stadium for the past two years, it is only in the past few months that TDECU has announced a financial investment that exceeds $20 million.
This investment is part of an agreement that also sees the credit union invest a hefty $14 million in the new Football Operations Center at TDECU Stadium. The new state-of-the-art facility will be equipped with a number of new high-tech features, including an enhanced audio system, a new video board and more.
Texans CU is the best
Texans Credit Union is the 14th largest credit union in the country and offers a range of services to the 113,000 members it serves. The credit union may be best known for its online banking and debit cards, but it also offers loans, mortgages and insurance. Its most notable branches are located in the Dallas/Fort Worth area and Austin, Texas. The credit union has 11 locations.
The credit union is also a member-owned financial cooperative that offers its services to the communities it serves. Its main office is located at Campbell Road in Fort Worth and boasts a plethora of modern amenities including a full service phone center and a state-of-the-art ATM.
