TEXOMA EDUCATORS FEDERAL CREDIT UNION

Name

TEXOMA EDUCATORS FEDERAL CREDIT UNION

Legal name

Texoma Educators Federal Credit Union

Website

https://texomaeducators.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Retail Banking / Credit Union Services

NAICS

Credit Unions (522130), Credit Unions (52213)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro industry

PRIMARYFSABAEAA

Community Credit Unions (Retail/Consumer Focus)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

SECONDARYFSABAEAK

Public Sector & Municipal Credit Unions

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

Keywords

• Retail banking services
• Consumer lending products
• Savings account services
• Credit union membership
• Digital banking services

Headquarters

HQ city

Sherman

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Loan Interest: Interest income from vehicle loans, personal loans, credit cards, and share-secured/certificate-secured loans. Vehicle loans up to 100% financing with rates as low as 2.99% APR. Credit cards at 9% fixed APR.
2. Deposit Taking and Savings: Accepts savings deposits and invests them primarily by lending to members. Income earned through investments returned to members in form of low-cost loans and competitive returns on savings.
3. Fees and Service Charges: Various fees including overdraft fees ($34), wire transfers ($30 outgoing, $15 incoming), ATM fees, credit card late fees ($35), skip-a-payment fees ($29), account service fees, and safe deposit box rental.
4. Credit Card Transaction Fees: Interchange income from MasterCard and Visa credit card transactions.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Texoma Educators Federal Credit Union is a member-owned, not-for-profit cooperative financial institution offering consumer banking products including checking accounts, savings accounts, share certificates (CDs), IRAs, vehicle and personal loans, and MasterCard/VISA credit cards. It serves educators and residents of Grayson County, TX and Bryan, Marshall, and Atoka Counties, OK through three branch locations, online banking, a mobile app, ATMs, and Zelle person-to-person payments. Member deposits are NCUA-insured up to $250,000.

Product overview

Texoma Educators Federal Credit Union is a member-owned not-for-profit financial institution offering a comprehensive suite of banking products and services. The core offering includes multiple checking account types (Traditional Checking, Gold Plus Checking, Check Plus Checking), savings accounts (Share Account, Special Savings, Christmas Club), and term savings products (Share Certificates/CDs and IRAs). The credit union provides lending products including vehicle loans (new and used cars, RVs, boats, motorcycles), personal loans, and credit cards with a fixed 9% APR. Digital banking services are delivered through an online banking platform, mobile banking app (iOS/Android), mobile deposit, Zelle peer-to-peer payments, text banking, and digital wallet integration. Additional services include bill pay, e-statements, safe deposit boxes, notary services, wire transfers, gift cards, and a scholarship program for members.

Differentiator

Problem solved

Functional benefit

Products and services

• Traditional Checking Basic checking account requiring $100 minimum deposit with $10 monthly service fee (waived with $300 minimum balance). Includes free VISA debit card, unlimited check writing, and overdraft protection options. Targeted at general community members seeking everyday banking.
• Gold Plus Checking Premium checking account requiring $100 deposit and direct deposit. No monthly service fee, free notary service on credit union documents, and courtesy pay overdraft protection up to $350. Targeted at members with direct-deposit relationships.
• Check Plus Checking Interest-earning checking for high-balance members requiring $3,000 minimum daily balance and limited to 3 checks per month. Targeted at members maintaining higher deposit balances seeking dividend income on checking funds.
• Share Account (Savings)

Quantifiable outcome

• Credit card rate of 9% fixed APR compared to much higher rates at traditional banks
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Cornerstone ResourcesminorImplementation/ SI/ Consulting PartnerCornerstone Resources assists TEFCU in conducting biennial membership audits every two years to verify member accounts and ensure compliance with regulatory requirements. Contact for verification: [email protected], P.O. Box 655147, Dallas, TX 75265-5147.
• Working AdvantageminorGTM or Marketing PartnerWorking Advantage provides member discount programs offering savings on various products and services for TEFCU members.
• Zelle (Early Warning Services)coreTechnology or IntegrationZelle peer-to-peer payment service integrated into online and mobile banking, replacing the discontinued Popmoney service. Enables members to send money to friends and family using email or mobile number.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Resource One Credit Union: Texas-based community credit union operating multiple branches with a similar suite of consumer banking products, vehicle and personal loans, and digital services. Comparable scale and member-owned cooperative structure serving a defined North Texas geography.
• Datapoint Federal Credit Union: Small federally chartered credit union headquartered in Texas serving a defined occupational and community membership. Comparable scale, NCUA-insured status, and similar product mix including vehicle loans and deposit accounts.
• Neighborhood Credit Union: Texas-headquartered community credit union offering checking, savings, vehicle loans, mortgages, and digital banking. Comparable in cooperative structure, multi-branch footprint, and member segmentation across life stages.
• InTouch Credit Union: Texas-based community credit union originally founded for AT&T employees and now serving a broader community charter. Similar trajectory of expanding from an occupational field-of-membership to a community-based credit union with full digital banking capabilities.
• EECU (Texas Educators Credit Union): Texas-based, educator-affiliated credit union serving school employees and the broader North Texas community. Directly comparable in founding mission (educators), not-for-profit cooperative model, regional community focus, and product suite including vehicle loans, credit cards, and digital banking.

Others

• Cornerstone Credit Union League: Regional credit union trade association serving Texas, Oklahoma, and surrounding states. Relevant as the cooperative/regulatory ecosystem in which TEFCU operates and through which Cornerstone Resources conducts TEFCU's biennial membership audits.
• CO-OP Financial Services: Credit union-owned shared services network providing ATM, digital, and payments infrastructure to thousands of credit unions. Relevant ecosystem peer enabling much of the back-office and member-facing infrastructure that small credit unions like TEFCU depend on.

Regional players

• American Bank of Texas: Community bank serving North Texas including Sherman and Denison. Directly competes with TEFCU for consumer deposits, mortgage, and vehicle loan customers in the same Grayson County market.
• First United Bank: Oklahoma-based community bank with branches in southern Oklahoma including Durant, directly overlapping TEFCU's geographic footprint. Competes for the same consumer deposits, vehicle loans, and small-business banking relationships in the Texoma region.

Broad incumbents

• JPMorgan Chase: National bank with significant retail presence in Texas and Oklahoma. Competes with TEFCU on deposit products, credit cards, and digital banking, but offers a much broader portfolio and more advanced digital capabilities at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pages/Texoma-Educators-Federal-Credit-Union/139722459855
• LinkedInlinkedin.com/company/texoma-educators-federal-credit-union
• Instagraminstagram.com/TexomaEducators
• Xx.com/texomaeducators

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 TEXOMA EDUCATORS FEDERAL CREDIT UNION