Texoma Federal Credit Union

Name

Texoma Federal Credit Union

Legal name

Texas Plains Federal Credit Union

Website

https://texomafcu.com

Company type

Private

Founded year

1940

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail banking services
• Consumer lending products
• Mortgage lending services
• Agricultural loans
• Rewards checking accounts

Headquarters

HQ city

Amarillo

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income - Loans: Primary revenue stream from interest charged on loans including vehicle loans, mortgage loans, secured loans, unsecured loans, agricultural loans, and personal loans.
2. Financial Services Fees: Fees from services including insurance products, loan protection plans (GAP, mechanical breakdown, multi-shield coverage), and account-related services.
3. Membership Fees: $25 membership fee charged to join the credit union (waived during promotional periods for members 18+).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Texas Plains Federal Credit Union is a member-owned federal credit union providing personal banking, lending, and digital financial services to consumers and families across the Texas Panhandle. Its core offerings include checking and savings accounts (including Kasasa-branded rewards products), IRAs, HSAs, debit cards, mortgage loans, vehicle loans, agricultural loans, and personal loans, delivered through six branches and a mobile/online banking platform. Insurance products and loan protection plans (GAP, mechanical breakdown, multi-shield) supplement the core banking and lending suite.

Product overview

Texas Plains Federal Credit Union operates as a single-institution credit union offering a unified suite of banking products centered around core deposit accounts (checking and savings), lending services, and digital banking capabilities. The product portfolio includes Kasasa-branded rewards accounts (Kasasa Cash, Kasasa Cash Back, Kasasa Saver, Kasasa Protect), standard deposit products (Share Draft Checking, Savings, IRAs, HSAs), various loan products (Secured, Unsecured, Mortgage, Ag Loans), and digital banking services. The institution serves members across six Texas Panhandle branch locations with both physical branch services and online/mobile banking.

Differentiator

Problem solved

Functional benefit

Brands

• Texas Plains Federal Mortgage Center: Mortgage lending services for home purchases, construction, and refinancing located at 6020 I-40, Amarillo, TX 79106

Products and services

• Kasasa Cash Back A rewards checking account that offers cash back on debit card purchases. Targets members seeking everyday checking with spending rewards.
• Kasasa Cash A rewards checking account that offers competitive interest rates on balances. Targets members seeking interest-bearing checking.
• Kasasa Saver A savings rewards account that earns above-average interest rates. Tied to the Kasasa rewards program for members.
• Kasasa Protect Identity protection services offered as part of the Kasasa rewards program for participating members.
• Share Draft Checking Standard checking account with share draft capabilities for everyday banking, debit card access, and direct deposit.
• Savings Accounts Basic savings account products for members to build deposits and earn interest.
• Individual Retirement Accounts (IRAs) Retirement savings accounts including traditional and Roth IRA options for long-term member retirement planning.
• Health Savings Accounts (HSAs) Tax-advantaged accounts for healthcare expenses paired with high-deductible health plans.
• Secured Loans Loans backed by collateral such as vehicles or savings accounts, offered to members.
• Unsecured Loans Loans granted without collateral based on creditworthiness for personal financing needs.
• Mortgage Loans Home financing products including purchases, construction, and refinancing through the Texas Plains Federal Mortgage Center.
• Ag Loans Agricultural lending program designed for farmers, ranchers, and agribusinesses, covering livestock financing and equipment purchases.
• Online Banking & Mobile App Digital banking platform allowing members to access accounts via website or mobile application on iOS and Android.
• e-Statements Electronic statement delivery service for account documents.
• Debit Cards Mastercard debit cards for point-of-sale and ATM transactions.
• Mobile Pay Mobile payment options including Apple Pay and Google Pay integration for members.
• Loan Calculator Online tool to estimate loan payments and amortization schedules for prospective borrowers.

Quantifiable outcome

• 1% rate discount on vehicle loans when refinancing from another lender
• +2 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Window On a Wider WorldminorStrategic or Co-development PartnerPartnered with Window On a Wider World for the Emerging Entrepreneurs event at West Texas A&M University. Texas Plains Federal President & CEO Michael Knowles spoke to over 300 fifth and sixth grade students about financial literacy and building strong financial habits.
• 24 Hours in the CanyonminorGTM or Marketing PartnerProud sponsor of the 24 Hours in the Canyon event, setting up a cramp relief station at Juniper rest stop. Supports community health and wellness while building brand visibility.
• West Texas A&M UniversityminorStrategic or Co-development PartnerPartnered for the Emerging Entrepreneurs event, providing financial literacy education to students and supporting entrepreneurship in the community.
• Blossom (Mobile Banking Platform)coreTechnology or IntegrationProvides the mobile banking technology platform powering the Texas Plains Federal mobile banking app (app ID: net.blossom.txpfcu.banking).

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• TDECU (Texas Dow Employees Credit Union): Texas-based member-owned federal credit union providing community deposit, lending, mortgage, and digital banking services—overlapping product mix with Texas Plains Federal but operating at substantially larger scale.
• Security Service Federal Credit Union: Large San Antonio-headquartered federal credit union with overlapping deposit, mortgage, and consumer lending products; comparable business model but significantly larger asset base and member footprint.
• Randolph-Brooks Federal Credit Union (RBFCU): One of the largest credit unions in Texas, RBFCU offers the same full spectrum of community banking, mortgage, auto, and digital services but at materially greater scale and geographic breadth.

Direct peers

• Education Credit Union: Amarillo-based community credit union serving the Texas Panhandle with comparable consumer deposit products, vehicle and mortgage lending, and a shared member-cooperative structure, making it a direct local competitor.
• Members Choice Credit Union: Texas-based community credit union offering comparable consumer checking/savings, vehicle and personal loans, mortgages, and digital banking through a cooperative structure serving a similar demographic.
• Firstmark Credit Union: San Antonio-based Texas community credit union offering a similar suite of deposit accounts, consumer and auto loans, mortgages, and digital banking through a member-owned cooperative model.
• Pantex Federal Credit Union: Headquartered in Amarillo, TX, Pantex FCU operates as a community-focused federal credit union in the same Texas Panhandle market as Texas Plains Federal, offering directly overlapping deposit, lending, and digital banking services to a similar consumer base.
• Texas Trust Credit Union: Texas community credit union offering a similar full-service portfolio of Kasasa rewards, consumer/mortgage/auto loans, ag exposure, and digital banking under a member-owned cooperative structure.

Regional players

• First Basin Credit Union: Odessa, TX-based community credit union serving the Permian Basin/West Texas region with consumer lending, deposits, and digital banking—comparable in scale, charter type, and Texas regional cooperative model.
• Caprock Federal Credit Union: West Texas-based federal credit union serving the Lubbock region with deposit, lending, and ag-adjacent products; comparable as a regional Texas Plains credit union with similar community-cooperative positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/TexasPlainsFCU
• Instagraminstagram.com/texasplainsfcu
• LinkedInlinkedin.com/company/texoma-federal-credit-union

Revenue estimate

Valuation estimate

Number of profiles

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 Federal Credit Union