Draft:Texans Credit Union

Texans Credit Union (or Texans) is a not-for-profit financial institution in North Texas, regulated under the authority of the National Credit Union Administration (NCUA). Texans has served its members since 1953 and is headquartered in Richardson, Texas. As of June 2024, Texans has 124,034 members and US $2,277,008 in assets.

History
Texans Credit Union, originally ‘Texins Credit Union', was founded in 1953 by a group of Texas Instruments employees as a means to provide affordable financial services to its members. A charter was granted by the State of Texas, and Texins Credit Union was established. Three months later, membership had grown to over 276, and assets totaled $6,855.73. Over the decades, the credit union expanded its membership eligibility and diversified its offerings to include savings accounts, loans, mortgages and various financial planning services.

For 40 years ‘Texins' served only Texas Instruments employees. In 1991, 'Texins' expanded its membership criteria to include employees at select businesses outside of Texas Instruments. In 1998, 'Texins' expanded again to allow memberships to citizens in surrounding communities. That same year, 'Texins' changed its name to Texans Credit Union to better reflect its new and diverse membership.

Membership
Texans Credit Union offers memberships to individuals and families across Texas. Once membership is established, a member is a member for life, regardless of where the member lives, works or goes to school. Membership in Texans Credit Union is available to :


 * Community – Individuals who live, work or attend schools in the Texas counties Collin, Cooke, Dallas, Denton, Ellis, Fannin, Fort Bend, Grayson, Harris, Hunt, Kaufman, Rockwall, Tarrant, Travis and Williamson are eligible for membership.


 * Employees – Any employee who works for a Texans Preferred Business.


 * Family – Immediate family of a Texans Credit Union member.


 * Membership – Members of Texas Consumer Council (TCC) who reside in Texas.

Services
The credit union provides a comprehensive array of financial services, including savings accounts, checking accounts, loans, mortgages and investment services. Members can enjoy the convenience of conducting their financial needs and transactions online through the feature-rich digital banking platform.


 * Loans – Texans Credit Union offers loans including auto loans, personal loans, credit card loans, home equity loans, HELOC loans, lot and land loans, student loans, mortgages, loan protection products.


 * Savings Accounts – Texans Credit Unions offers three different savings account options. Savings account options include a Texans Savings accounts, Travel Savings Account and Education Savings Account. Anyone who opens and maintains a savings account with Texans gets one share of ownership.


 * Checking Accounts – Texans Credit Union offers two different checking account options the My Texans Checking account and the My Texans Interest Checking account.


 * Credit Cards – Texans Credit Union offers two different credit card options. Both of which include Visa’s Zero Liability Policy, ID Navigator, Dolvy Uplift and Roadside Dispatch.


 * Investments – Investment plans through Texans Credit Union include Money Market Accounts, CDs & IRAs and Texans Financial where members can work with a Financial Advisor to develop personalized financial plans.


 * Insurance – Texans Credit Union offers auto, homeowners, term life and accident insurance to its members.

Technology and Innovation
Texans Credit Union continually invests in digital platforms and services to enhance member experience. Texans invests roughly 27% of annual operating expenses into information technology initiatives including salary, benefits, digital banking and cyber security. In 2022, Texans introduced new communication channels for members, including secure live chat, video chat and co-browsing.

Community Involvement
Texans Credit Union commits time and donations to community initiatives and sponsorships. The organization participates in educational seminars and contributes to local charitable organizations, including North Texas Food Bank, HopeKids and Dress for Success.

Headquarters and Locations
Texans Credit Union is headquartered in Richardson, Texas. It operates multiple branch locations across the Dallas-Fort Worth metroplex.

Branch locations include:


 * Allen - 406 W McDermott, Allen, Texas 75098


 * Carrollton - 3601 N Josey Ln, Carrollton, Texas 75007


 * Dallas - 2241 Irving Blvd, Dallas, Texas 75207


 * Dallas - 5925 Forest Ln, Ste 100, Dallas, Texas 75230


 * Frisco - 3232 Main St, Frisco, Texas 75033


 * Garland - 626 Austin St, Garland, Texas 75040


 * Garland - 7220 Telecom Pkwy, Garland, Texas 75044


 * McKinney - 3174 S Hardin Blvd, McKinney, Texas 75070


 * Plano - 101 W Spring Creek Pkwy, Suite 733, Plano, Texas 75023


 * Richardson (Headquarters) - 777 E Campbell Rd, Richardson, Texas 75081


 * Wylie - 430 S Hwy 78, Wylie, Texas 75098

Employees
As of 2023, Texans Credit Union had 252 employees across its multiple Texas-based branches. Texans was ranked the #1 Financial Institution by The Dallas Morning News in their 2023 Top Workplaces midsize company ranking. In 2023, Texans’ Chief Financial Officer, Benjamin Hart, was awarded as one of the top financial executives in North Texas by the Dallas Business Journal.

In February 2020, David Frazier joined Texans as President and Chief Executive Officer.