Wellspring Credit Union
Wellspring Credit Union is a not-for-profit financial cooperative serving Southeast Texas (Orange, Newton, Jefferson, and Hardin Counties) through four branches, offering deposit accounts, consumer loans, mortgages, and credit cards to individual members and their families.
- Company typePrivate
- Founded1958
- HeadquartersBridge City, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Wellspring Credit Union does
Wellspring Credit Union is a not-for-profit financial cooperative headquartered in Bridge City, Texas, serving members across four Southeast Texas counties (Orange, Newton, Jefferson, and Hardin) through four physical branches in Bridge City, Orange, Mauriceville, and Beaumont. Founded in 1958 as a single-employer credit union for Firestone Polymers plant workers, the institution converted to a community charter in 1999 and rebranded to its current Wellspring identity in August 2014 to reflect its broader membership base. As a cooperative, members are co-owners with voting rights, and earnings are returned to members in the form of lower loan rates and higher savings dividends rather than distributed to outside shareholders. The institution is federally insured by the NCUA.
The product portfolio spans deposit accounts (checking, savings, youth accounts, share certificates) and a full lending suite including mortgages, auto loans (starting at 4.50% APR), motorcycle, RV, boat, ATV, personal, land, farm and lawn, student loans, and a Mastercard credit card. Digital infrastructure includes online banking, a mobile app with remote mobile deposit, and mobile wallet support for Apple Pay, Samsung Pay, and Google Pay. Ancillary offerings include overdraft protection, courtesy pay, safe deposit boxes, skip-a-payment, scholarship programs, and free notary services. Loan protection products (credit life/disability insurance via MEMBER'S CHOICE, GAP coverage, mechanical repair coverage) and consumer insurance (auto and home via TruStage) are delivered through partnerships with CUNA Mutual Group and TruStage Insurance Agency. Investment and retirement advisory services are provided through a partnership with Cambridge Investment Research.
The business model is interest-income driven, with revenue primarily generated from loan interest across consumer lending categories, supplemented by transaction fees (overdraft $25/item, domestic wires $15, foreign wires $40), safe deposit box rentals, and net margin on share certificates and deposits. Distribution combines the four-branch physical network with national reach via CO-OP Shared Branching (5,000+ locations) and surcharge-free ATM access (30,000+ ATMs through CO-OP and CU Pass). Marketing is conducted primarily through the corporate website (wellspringcu.com), Facebook, email newsletters, and interactive financial calculators. The credit union is governed by a volunteer board of directors elected by members, with operational leadership including President/CEO David Meaux and Executive Vice President Laura Roberts.
Wellspring Credit Union firmographics
Firmographics- Name
- Wellspring Credit Union
- Legal name
- Wellspring Credit Union
- Website
- https://wellspringcu.com
- Company type
- Private
- Founded year
- 1958
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Wellspring Credit Union is a not-for-profit financial cooperative serving Southeast Texas (Orange, Newton, Jefferson, and Hardin Counties) through four branches, offering deposit accounts, consumer loans, mortgages, and credit cards to individual members and their families.
- Ownership category
- akta.pro rank
Wellspring Credit Union industry classification
Industry- Product category
- Consumer Banking (Credit Union)
- NAICS
- Credit Unions (52213)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
- akta.pro secondary industries
- General Purpose Credit Cards (FSAKABAA), Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)
Keywords
Where Wellspring Credit Union is headquartered
LocationHeadquarters
- HQ city
- Bridge City
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Wellspring Credit Union business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Interest Income on Loans: The primary revenue stream comes from interest charged on various loan products including auto loans, mortgages, personal loans, recreational vehicle loans, and credit cards. As a not-for-profit institution, earnings are returned to members through lower loan rates and higher savings dividends.
- Fee-based Services: Various account and transaction fees including overdraft fees, wire transfer fees, ATM fees for non-network usage, account research fees, safe deposit box rental, and other ancillary banking service charges
- Share Certificate and Savings Products: Competitive dividend rates on savings accounts, share certificates, and other deposit products, with yield higher than regular savings on certificate accounts
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Auto Loans starting at 4.50% APR |
| Other | Monthly | Motorcycle Loans starting at 6.25% APR |
| Other | Monthly | RV/Boat/ATV Loans starting at 6.25% APR |
| Other | Monthly | Land Loans starting at 4.99% APR |
| Other | Pay-as-you-go | Overdraft/Return Item Fee |
| Other | Pay-as-you-go | Wire Transfers |
| Other | Annual | Safe Deposit Boxes |
| Other | One time/ perpetual license | Membership Opening Deposit |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
Wellspring Credit Union product offering
Product offeringCore offering
Wellspring Credit Union is a not-for-profit financial cooperative that provides personal banking products and services to members in Southeast Texas. Its offerings include checking and savings accounts, share certificates, youth accounts, mortgages, auto loans, motorcycle loans, RV/boat/ATV loans, personal loans, land loans, credit cards, student loans, and farm/lawn equipment financing, complemented by digital banking (online and mobile), loan protection products, insurance, and investment services delivered through partner relationships.
Product overview
Wellspring Credit Union is a not-for-profit financial cooperative serving Southeast Texas (Orange, Newton, Jefferson, and Hardin Counties). The institution offers a comprehensive suite of financial products centered around deposit accounts (checking, savings, youth accounts, share certificates) and lending products (auto loans, mortgages, personal loans, RV/boat loans, credit cards, student loans). The core banking platform is complemented by digital services including online banking, mobile banking with mobile deposit, and mobile wallet support (Apple Pay, Samsung Pay, Google Pay). Loan protection add-ons include credit life/disability insurance (MEMBER'S CHOICE), GAP coverage, and mechanical repair coverage offered through partnerships with CUNA Mutual Group and TruStage. Insurance products (auto and home) are provided via TruStage partnership. Investment services are available through Cambridge Investment Research. The credit union operates 4 branches (Bridge City, Orange, Mauriceville, Beaumont) and provides nationwide access through CO-OP Shared Branching and a 30,000+ ATM network.
Differentiator
Problem solved
Functional benefit
Products and services
- Checking Accounts
Companies that use Wellspring Credit Union
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Wellspring Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature3 records
Wellspring Credit Union partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Cambridge Investment ResearchcoreFinancial services partner offering retirement investing, mutual fund investing, tax advantage investing, investment portfolio review, and life insurance review services to Wellspring Credit Union members. Clovis Van Houten serves as Financial Consultant at the Orange branch location.
- TruStage Insurance AgencycoreTruStage Auto Insurance Program and TruStage Home Insurance Program offered through Wellspring Credit Union, providing members with auto and home insurance products through a dedicated team of insurance professionals. Contact at (855) 483-2149.
- CUNA Mutual Group (CMFG Life Insurance Company)coreProvider of MEMBER'S CHOICE credit life and disability insurance, providing member protection against death or disability affecting loan repayment. Also provides mechanical repair coverage options for vehicles.
- CO-OP Shared BranchingcoreNational shared branching network providing Wellspring members access to over 5,000 shared branch locations and 2,000+ self-service 24/7 locations across all 50 states. Services include deposits, withdrawals, loan payments, and transfers.
- CU PasscoreLocal ATM network partnership providing surcharge-free ATM access at CU Pass network locations in the Southeast Texas area.
- Catalyst CorporatecoreReceiving institution for incoming wire transfers. ABA/routing number 311990511 for wire instructions.
- Schlitterbahn WaterparkminorTheme park discount program offering Wellspring members savings at Schlitterbahn parks in Texas and other states. Promotional code GI16WELLSPRING required.
- Six Flags Fiesta TexasminorTheme park discount program offering Wellspring members substantial savings and print-and-go tickets at Six Flags Fiesta Texas.
- SeaWorld San AntoniominorTheme park discount program offering Wellspring members savings over $25 per ticket at SeaWorld San Antonio with no special access required.
Scale indicators6 records
Recent moves9 records
Expansion highlights5 records
Wellspring Credit Union competitors and assessment
Company assessmentDirect peers
- Golden Triangle Federal Credit Union: Community credit union serving the Beaumont/Southeast Texas Golden Triangle region, directly overlapping Wellspring's Jefferson County market. Comparable size, community charter focus, and consumer lending/deposit product mix make it the closest geographic direct peer.
- TDECU (Texas Dow Employees Credit Union): Large Texas-headquartered credit union serving the Greater Houston and Southeast Texas petrochemical corridor. Originated from Dow Chemical employees, similar to Wellspring's Firestone origins; both serve petrochemical-adjacent communities with full consumer banking product suites.
- Smart Financial Credit Union: Houston-area community credit union offering similar deposit, consumer lending, mortgage, and digital banking products to Texas consumers. Comparable product breadth and member-focused cooperative model with shared branching participation.
- Associated Credit Union of Texas: Texas-based community credit union with consumer banking, lending, and digital services targeting Southeast Texas and Houston-area residents. Similar community-charter orientation and competitive consumer loan pricing.
- Texas Bay Credit Union: Houston-area community credit union serving residents of multiple Houston-area counties with checking, savings, lending, and digital banking. Comparable geographic Southeast Texas reach and member-driven cooperative model.
- First Community Credit Union: Houston-headquartered community credit union offering consumer loans, mortgages, deposits, and digital banking across the Texas Gulf Coast. Direct overlap in target market and product suite with Wellspring.
Broad incumbents
- Alliant Credit Union: Large national digital-first credit union with full consumer banking products including credit cards, auto loans, and mortgages. Competes for digitally-engaged Texas consumers who might otherwise join community CUs, representing a broader incumbent threat to Wellspring's member acquisition.
- Navy Federal Credit Union: Largest U.S. credit union with nationwide digital and physical reach, full product suite including consumer lending and credit cards. Operates as broad incumbent in consumer banking space, competing for any Texas resident eligible through family/military affiliations.
- PenFed (Pentagon Federal Credit Union): Large national credit union with comprehensive consumer banking, lending, and credit card products. Serves as broader incumbent competitor that competes for digital-first consumer lending demand nationwide.
- Capital One Bank: Major national bank with strong Texas presence (former Capital One Bank branch network) and significant consumer lending franchise including credit cards and auto loans. Serves as broad incumbent competitor for consumer banking relationships in Wellspring's Southeast Texas geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Wellspring Credit Union social profiles
Digital presenceWellspring Credit Union compliance and trust
Trust signalCompliance3 records
Wellspring Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wellspring Credit Union leadership team
Management profileNumber of profiles
Profiles6 records
Wellspring Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wellspring Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wellspring Credit Union
What does Wellspring Credit Union do?
Wellspring Credit Union is a not-for-profit financial cooperative that provides personal banking products and services to members in Southeast Texas. Its offerings include checking and savings accounts, share certificates, youth accounts, mortgages, auto loans, motorcycle loans, RV/boat/ATV loans, personal loans, land loans, credit cards, student loans, and farm/lawn equipment financing, complemented by digital banking (online and mobile), loan protection products, insurance, and investment services delivered through partner relationships.
Is Wellspring Credit Union a public or private company?
Wellspring Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Wellspring Credit Union founded?
Wellspring Credit Union was founded in 1958. It employs 11 to 50 people.
Where is Wellspring Credit Union based?
Wellspring Credit Union is headquartered in Bridge City, United States, in the North America region.
How does Wellspring Credit Union make money?
Three revenue lines are on record. Interest Income on Loans are the primary driver. The others are fee-based Services and share Certificate and Savings Products.
Who are Wellspring Credit Union's main competitors?
Direct peers on record are Golden Triangle Federal Credit Union, TDECU (Texas Dow Employees Credit Union), Smart Financial Credit Union, Associated Credit Union of Texas, Texas Bay Credit Union and First Community Credit Union. Broad incumbents are Alliant Credit Union, Navy Federal Credit Union, PenFed (Pentagon Federal Credit Union) and Capital One Bank.
Does Wellspring Credit Union have an API?
No public API is recorded for Wellspring Credit Union.
What industry is Wellspring Credit Union in?
Wellspring Credit Union's product category is Consumer Banking (Credit Union). Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSAKABAA, General Purpose Credit Cards. Its NAICS code is 52213 and its SIC code is 6035.