Question 1

What is Scurry County School Employees Credit Union (SCSECU)?

Accepted Answer

Scurry County School Employees Credit Union (SCSECU) is a small, community-focused federal credit union serving Snyder, Texas and Scurry County. With approximately $11.6 million in assets and over 1,100 members, SCSECU operates under a multiple common bond charter with a primary focus on educational employees.

The credit union maintains its motto "For Service, Not For Profit," emphasizing member service over profitability. As a well-capitalized institution with a single branch location at 1903 40th Street in Snyder, SCSECU provides personalized banking services to its select membership base.

Question 2

When was Scurry County School Employees Credit Union (SCSECU) founded?

Accepted Answer

SCSECU was established in 1954 by educators of Scurry County, Texas. The founding members were teachers and school employees who created the credit union to help fellow educators with their savings and loan needs.

The original philosophy was to charge just enough interest on loans to pay decent dividend rates on savings accounts, creating a sustainable cooperative model. This founding principle continues to guide the credit union's operations today, maintaining its member-focused approach for over 70 years.

Question 3

Where is Scurry County School Employees Credit Union (SCSECU) headquartered?

Accepted Answer

SCSECU is headquartered in Snyder, Texas. The main office is located at 1903 40th Street, Snyder, TX 79549.

The credit union operates a single branch location and can be reached by phone at (325) 573-6568 or by fax at (325) 573-6572.

Question 4

Where does Scurry County School Employees Credit Union (SCSECU) operate?

Accepted Answer

SCSECU primarily serves Scurry County, Texas, with its single branch located in Snyder. The credit union operates under a multiple common bond charter with membership restricted to specific groups.

Originally limited to educators, the membership field has expanded over the years to include employees of the city of Snyder, Scurry County government, Cogdell Memorial Hospital, and Western Texas College. Family members of existing members in good standing are also eligible to join, including spouses, children, parents, grandparents, and siblings.

Question 5

What services does Scurry County School Employees Credit Union (SCSECU) offer?

Accepted Answer

SCSECU offers a range of traditional credit union services tailored to its community-based membership. Deposit accounts include regular share (savings) accounts and other share deposit products.

Lending services encompass multiple loan types, including new and used auto loans, signature loans, home improvement loans, and various other consumer loan products. The credit union also provides debit card services through its ATM/Debit Card Program, offering members convenient account access.

Additional services include document shredding services to help members protect against identity theft. The credit union offers after-hours payment options for member convenience.

Question 6

What makes Scurry County School Employees Credit Union (SCSECU) unique?

Accepted Answer

SCSECU distinguishes itself through its unwavering commitment to its founding motto: "For Service, Not For Profit." This philosophy translates into competitive loan rates and favorable dividend rates that prioritize member benefit over institutional profit.

The credit union maintains an exceptionally personal approach, with a small dedicated staff including a Manager/Bookkeeper/Loan Officer and Insurance/Title Clerk/New Accounts representative. The Board of Directors, led by President Ralph Ramon, consists entirely of fellow members who serve two-year elected terms, ensuring true democratic governance.

With over 70 years of service to the Scurry County educational community, SCSECU emphasizes strict confidentiality and personalized member relationships. The credit union's expansion beyond educators to include other county employees and healthcare workers demonstrates its commitment to serving the broader Scurry County community while maintaining its educational roots.

Question 7

What type of financial institution is Scurry County School Employees Credit Union (SCSECU)?

Accepted Answer

SCSECU is a federal credit union chartered in 1955 under charter number 10551. As a federal credit union, it is regulated and supervised by the National Credit Union Administration (NCUA) and operates under federal credit union regulations.

The credit union operates with a multiple common bond structure, primarily serving educational employees but also extending membership to other qualifying employment groups and their families. As a member-owned cooperative financial institution, each member has equal voting rights regardless of account balance, and the volunteer Board of Directors is elected by and from the membership.

SCSECU maintains well-capitalized status with a net worth ratio of approximately 18%, demonstrating strong financial stability and regulatory compliance.

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About Scurry County School Employees Credit Union (SCSECU) in the United States