AMOCO Federal Credit Union

What AMOCO Federal Credit Union does

AMOCO Federal Credit Union is a federally chartered, not-for-profit cooperative financial institution founded in 1937 and headquartered in Texas City, Texas, operating across the Texas Gulf Coast / Galveston County region through a network of 12 branch locations and serving approximately 96,902 members. The credit union operates as a member-owned cooperative governed by a volunteer Board of Directors and is exempt from federal income tax under IRC Sections 501(c)(1) and 501(a), with NCUA-supervised oversight. Its core business is balance-sheet intermediation — taking deposits and originating consumer, mortgage, auto, business, and credit-builder/personal loans — supplemented by insurance (through TruStage), investment and retirement services (through LPL Financial), and an employer-channel B2B2C distribution program (AMOCO @Work) serving 560+ partner organizations across education, healthcare, energy, automotive, and manufacturing.

The product portfolio includes Perks Checking (powered by BaZing with bundled insurance and discount benefits), Advantage Checking, Youth Checking, a Rewards Credit Card (10.65% APR with 0% intro for 6 months), auto loans with 90-days-to-first-payment and optional GAP/MMP protection, the Made For You Mortgage (100% financing with no PMI and up to $1,500 closing cost rebate via the Preferred Realtor Program), Credit Builder and Credit Mender loans, IRAs, money market accounts, and certificates. Digital channels consist of a native iOS/Android mobile app, eBranch online banking, and a Video Banking service operating extended hours for account opening, loan applications, and member assistance. The technology stack is built on third-party integrations rather than proprietary systems: SavvyMoney (Credit IQ credit monitoring), BaZing (perks platform), Plaid (fuel-program data connectivity), Zelle (P2P payments), Apple/Samsung/Google Pay (mobile wallet), LPL Financial (investments), TruStage (insurance), Allpoint (55,000+ surcharge-free ATMs), and Member Auto Center (auto-buying service).

The revenue model is rooted in net interest spread on the $1.1 billion funded-loan portfolio and deposits, with non-interest income from account fees (overdraft, ATM, wire), interchange, insurance referral commissions (TruStage/CUNA Mutual), and investment revenue sharing (LPL Financial). Members are acquired through direct retail, the employer channel, and community sponsorships (school districts, university partnerships including UHCL). The credit union emphasizes community positioning with a 93% member recommendation rate, 9 consecutive years as Best Mortgage Lender, and inclusion in Newsweek's America's Best Credit Unions 2026.

Name

AMOCO Federal Credit Union

Legal name

AMOCO Federal Credit Union

Website

https://amocofcu.org

Company type

Private

Founded year

1937

Operating status

Operating

Headcount range

101–250 employees

Short description

AMOCO Federal Credit Union is a federally chartered, not-for-profit cooperative serving approximately 96,902 members across 12 Texas Gulf Coast branches with deposits, consumer/business lending, mortgage origination, insurance, and investment services distributed via retail and a 560+ employer B2B2C channel.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Card Issuing (522210)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Employer/Occupational Credit Unions (FSABAEAB)

Keywords

• Retail banking services
• Consumer lending
• Mortgage financing
• Deposit accounts
• Credit union services

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income from Lending: AMOCO generates primary revenue through interest earned on loans including mortgages, auto loans, personal loans, credit cards, and business loans. The credit union offers competitive rates as a not-for-profit cooperative, with funded loans totaling $1.1 billion.
2. Deposit Services: Revenue generated from savings accounts, certificates, money market accounts, IRA accounts, and checking accounts. Credit unions return earnings to members in the form of higher dividend rates and lower loan rates.
3. Fee Income: Various fees including overdraft fees ($20 Courtesy Pay), ATM fees, wire transfer fees, and other service charges. Some fees may be waived under specific account conditions.
4. Insurance Products: Commission revenue from insurance products including Property & Auto insurance, Life & AD&D, Payment Protection (through TruStage), and cell phone protection bundled with Perks Checking.
5. Investment & Retirement Services: Revenue sharing from investment and retirement services provided through LPL Financial partnership.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

AMOCO Federal Credit Union is a federally chartered, not-for-profit cooperative financial institution that delivers retail banking products and services to its members, including multiple checking and savings account options, consumer and mortgage loans, credit cards, credit-building products, insurance, and investment and retirement services. Revenue is primarily generated through interest income on funded loans (totaling $1.1 billion) plus deposit services, fee income, and commissions on insurance and investment products distributed via third-party partners such as TruStage and LPL Financial.

Product overview

AMOCO Federal Credit Union is a federally chartered, not-for-profit cooperative financial institution offering a comprehensive suite of banking products and services. The core portfolio includes multiple checking account options (Perks Checking as the flagship product powered by BaZing, Advantage Checking, and Youth Checking), savings accounts with various types (basic, youth, certificates, IRA, money market), a Rewards Credit Card with competitive rates, and a full range of loan products (auto loans, mortgages including the Made For You Mortgage with 100% financing, personal loans, Credit Builder and Credit Mender loans for credit rebuilding, real estate loans, and business loans). The institution complements its core products with insurance offerings (property, auto, life, and payment protection through TruStage), investment and retirement services through LPL Financial, and business banking solutions. Digital banking capabilities include a mobile app with features like Zelle payments, card controls, Credit IQ credit monitoring, and mobile check deposit; eBranch online banking; and Video Banking for virtual branch appointments. The credit union serves members through 12 branch locations and over 560 employer partnerships, positioning itself as a community-focused alternative to traditional banking institutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Perks Checking Flagship checking account powered by BaZing that bundles money-saving benefits including local discounts, cell phone protection up to $1,000 per claim, identity monitoring, roadside assistance, telemedicine, Billshark bill negotiation, and 3% fuel cashback up to $5 per month. Requires a $50 minimum opening deposit and an $8 monthly fee that is waived with qualifying direct deposit, 25+ debit card transactions, and eStatement enrollment.
• Advantage Checking Checking account option providing flexibility, dividend-bearing capabilities, and money-saving benefits for members seeking convenient account management with no monthly fee option available.
• Youth Checking Checking account for minors ages 12-17 with eligible identification, providing foundational banking experience with parental oversight.
• Savings Accounts Core savings product family including basic savings (establishes membership ownership), Youth Savings, Certificates with terms from 12 to 84 months, Youth Stack-It Certificate, IRA accounts, Money Market, and competitive deposit rates.
• Rewards Credit Card Low interest rewards credit card offering 10.65% APR with 0% intro APR for 6 months, 1 reward point per $1 spent, a 10,000 bonus point sign-up offer after $3,500 in spend within 3 months, and credit lines up to $30,000. No annual, balance transfer, or over-the-limit fees and compatible with Apple Pay, Samsung Pay, and Google Pay.
• Auto Loans Vehicle financing for new, used, and refinance purchases featuring 90 days until first payment and optional GAP Advantage and Major Mechanical Protection add-ons, with direct dealership relationships.
• Made For You Mortgage 100% financing mortgage with no PMI required and up to a $1,500 closing cost rebate through the Preferred Realtor Program. Maximum loan amount $400,000, requiring 700+ credit score, 3 years same-industry work history, and 43% DTI (680+ score and 45% DTI for teachers and healthcare professionals).
• Real Estate and Mortgage Loans Full range of mortgage solutions including home purchase, refinance, construction loans, land loans, second homes and investment properties, condo financing, pool loans, home equity loans, and cash-out options, with closing cost rebates up to $1,500 available through the Preferred Realtor Program.
• Credit Builder Loan Loan product for members with limited and non-negative credit history, allowing them to borrow up to $1,000 for terms up to 24 months. Payments are automatically placed into a savings account that becomes accessible upon loan payoff, with no early payoff penalties.
• Credit Mender Loan Re-establishment loan for members with adverse credit history, allowing them to borrow up to $2,500 for terms up to 36 months. Payments are placed into a savings account accessible upon loan payoff to help rebuild credit and savings simultaneously.
• Business Accounts Business banking solutions including Business Savings (from a $1 minimum deposit), Business Checking, Business Money Market, and Business Certificates, providing financial management for entrepreneurs and small business owners.
• Investment and Retirement Services Investment and retirement services delivered through a partnership with LPL Financial, enabling members to manage multiple investment types, access accounts anywhere, and partner with financial advisors for personalized planning.
• Property and Auto Insurance Insurance products offered through the TruStage partnership covering property and vehicles with affordable options and potential annual savings for members.
• Life Insurance and AD&D Life insurance and accidental death and dismemberment coverage providing financial protection for loved ones in case of unexpected events.
• Payment Protection Optional loan add-on through TruStage that covers loan payments in case of disability or loss of life, added to monthly loan payment with nominal costs to provide peace of mind for borrowers.
• GAP Advantage and Major Mechanical Protection Vehicle protection products covering loan payoff gaps and mechanical breakdowns. GAP Advantage covers the difference between vehicle value and loan balance; Major Mechanical Protection (MMP) covers repair costs for covered mechanical failures.
• AMOCO Mobile App Mobile banking application for iOS and Android with features including card controls, Zelle integration, custom account alerts, Face/Touch ID login, credit monitoring (Credit IQ), Skip-A-Pay, mobile check deposit, and access to eStatements up to 18 months.
• eBranch Online Banking Online banking platform accessible through a web browser providing account access, balance viewing, transfers, bill pay, Credit IQ credit monitoring, debit card controls, and video tutorials with secure login at my.amocofcu.org.
• Video Banking Virtual meeting platform connecting members with AMOCO financial representatives via live video, available via computer (Chrome browser), mobile app, or in-branch. Services include account opening, loan applications, fraud assistance, and general inquiries, offered Monday-Friday 9am-5pm and Saturday 9am-12pm.

Quantifiable outcome

• $1,500 closing cost rebate available through Preferred Realtor Program for mortgage customers
• +3 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Partnerships

21 partnerships are on record, tiered core and minor.

• LPL FinancialcoreTechnology or IntegrationThrough LPL Financial, AMOCO provides investment and retirement services to members. Members can manage multiple types of investments, access accounts anywhere, and partner with financial advisors to understand their unique financial situation.
• AllpointcoreTechnology or IntegrationPartnership providing AMOCO members access to 55,000+ surcharge-free ATMs worldwide. Includes on-campus ATM at UHCL Student Center and deposit-taking Allpoint+ ATMs.
• Iron Mountain Secure ShreddingminorGTM or Marketing PartnerPartnership for Shred Day events providing free confidential document shredding services for AMOCO members to protect against identity theft.
• TruStagecoreTechnology or IntegrationProvides payment protection insurance products for AMOCO loans. Includes credit life, credit disability, and identity protection through TruStage Claims Portal.
• BaZing (Perks Platform)coreTechnology or IntegrationPowers the Perks Checking account with bundled benefits including local discounts, cell phone protection, identity monitoring, roadside assistance, telemedicine, Billshark, and fuel rewards.
• SavvyMoneycoreTechnology or IntegrationPowers Credit IQ credit monitoring tool providing daily credit score updates, credit reports, and personalized offers for AMOCO members.
• CUNA Mutual Insurance AgencycoreTechnology or IntegrationAdministers TruStage insurance products and processes claims for AMOCO member payment protection.
• Alvin Community CollegeminorGTM or Marketing PartnerEducational institution partner offering AMOCO @Work benefits to employees and financial education programs for students.
• Clear Creek ISDminorGTM or Marketing PartnerSchool district partner with AMOCO @Work program for faculty and staff, plus financial education presentations for students.
• College of the MainlandminorGTM or Marketing PartnerCommunity college partner offering AMOCO @Work employee benefits.
• Dickinson ISDminorGTM or Marketing PartnerSchool district partner with AMOCO @Work employee benefit program.
• Galveston ISDminorGTM or Marketing PartnerSchool district partner with AMOCO @Work employee benefit program.
• La Marque ISDminorGTM or Marketing PartnerSchool district partner with AMOCO @Work employee benefit program.
• Santa Fe ISDminorGTM or Marketing PartnerSchool district partner with AMOCO @Work employee benefit program.
• Texas City ISDminorGTM or Marketing PartnerSchool district partner with AMOCO @Work employee benefit program and financial education for students.
• University of Houston-Clear LakeminorGTM or Marketing PartnerUniversity partner and community sponsor. On-campus ATM, AMOCO @Work for employees, financial education presentations, and annual scholarship program with paid summer internship.
• HCA Houston HealthcareminorGTM or Marketing PartnerHealthcare system partner offering AMOCO @Work employee banking benefits.
• MarathonminorGTM or Marketing PartnerEmployer partner through AMOCO @Work program with on-site branch location (Marathon GBR - HESS).
• Ron Carter Cadillac HyundaiminorGTM or Marketing PartnerAutomotive dealer partner offering AMOCO @Work employee benefits.
• Mainland ToolminorGTM or Marketing PartnerManufacturing employer partner through AMOCO @Work employee benefit program.
• Preferred Realtors NetworkcoreGTM or Marketing PartnerNetwork of local real estate agents including Diamond G Realty, Anchored Real Estate Group, Keller Williams Realty, Douglas Elliman, RE/MAX Coastal, and others. Provides closing cost rebates up to $1,500 to AMOCO mortgage customers.

Scale indicators8 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• TDECU (Texas Dow Employees Credit Union): Large Texas-headquartered credit union (~$4B+ assets) originating from a Dow Chemical employer charter and now serving community members statewide. Directly comparable as a federally chartered, employer-originated credit union expanding beyond its original employee base, with broader product breadth and geographic reach than AMOCO.

Direct peers

• JSC Federal Credit Union: Houston-area federal credit union originally chartered for NASA Johnson Space Center employees, now serving a broader community field of membership. Highly comparable to AMOCO in employer-based charter origin, Gulf Coast geography, and product mix including mortgages and consumer lending.
• Smart Financial Credit Union: Houston-based credit union serving the greater Houston and Texas Gulf Coast region with similar full-service offerings (deposits, mortgages, auto loans, business banking). Comparable in geographic overlap and member-base orientation around the Texas Gulf Coast.
• First Community Credit Union (Houston): Houston-area credit union offering a comparable suite of consumer and mortgage products with community/membership focus. Highly comparable as a regional Texas credit union competing for similar Gulf Coast households and employers.
• Space City Credit Union: Houston-area community credit union offering deposits, lending, and digital banking services in the same Gulf Coast market as AMOCO. Comparable in size tier, product offering, and target member profile.

Regional players

• Texans Credit Union: Texas-headquartered credit union serving the broader Texas market with a similar member-owned, community-focused model. Comparable in product mix (checking, mortgages, auto, business) though operating in different metros (DFW / North Texas rather than Gulf Coast).
• Houston Police Federal Credit Union: Federally chartered credit union headquartered in the Houston/Gulf Coast region serving a defined employer/membership group with full banking products. Comparable in charter type, regulatory framework, and Gulf Coast geography to AMOCO.
• Houston Texans Federal Credit Union: Federal credit union serving Houston-area select employer groups with a comparable employer-based B2B distribution model (employer partnership program) and similar product suite. Directly relevant as a benchmark for AMOCO's @Work growth strategy.

Emerging players

• Consumers Cooperative Credit Union: Mid-sized cooperative credit union operating in Texas with comparable community/employer focus, deposit and lending products. Relevant as a regional cooperative peer even if specific market overlap is limited.
• Shared Resources Credit Union: Texas Gulf Coast-area community credit union with similar product breadth (checking, savings, loans) and member-cooperative model. Comparable as a smaller Gulf Coast credit union competing for the same household and small-business segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/amocofcu
• YouTubeyoutube.com/user/AMOCOFCU
• Facebookfacebook.com/amocofcu
• LinkedInlinkedin.com/company/amoco-federal-credit-union
• Instagraminstagram.com/amocofcu

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AMOCO Federal Credit Union