Question 1

What is Postel Family Credit Union (Postel Family FCU)?

Accepted Answer

Postel Family Credit Union is a full-service community credit union serving north Texas and southern Oklahoma. With approximately $80 million in assets and nearly 6,000 members, Postel Family FCU is the oldest continuously operating credit union in Texas. Originally founded to serve postal employees, the credit union has evolved into a community institution providing financial services to anyone who lives, works, worships, or attends school in Wichita, Archer, Baylor, Clay, and Wilbarger Counties in Texas, as well as employees of select groups including many southern Oklahoma and North Texas postal employees.

Question 2

When was Postel Family Credit Union (Postel Family FCU) founded?

Accepted Answer

Postel Family Credit Union was founded in October 1929 when a group of Wichita Falls postal employees organized a financial cooperative to serve their community. Remarkably, the credit union began just weeks before the Great Depression, demonstrating extraordinary resilience from its inception. After its first year, the credit union had 79 members. By 1940, membership had grown to 102 members with assets of $24,833. In 1952, the field of membership expanded to include families of Wichita Falls postal workers. The credit union experienced tremendous growth through the 1960s and 1970s, leading to the hiring of O.L. Canon as the first full-time manager in 1963. In 1967, the credit union purchased its first building site at 905 Austin in Wichita Falls. The institution underwent several transformations, including a 1998 merger between WF Postal Credit Union and Wichita Telco Federal Credit Union, which created the "PosTel" name. Subsequent mergers with Archer County Credit Union (2005) and TexDot-WF Credit Union (2008) expanded its reach and services.

Question 3

Where is Postel Family Credit Union (Postel Family FCU) headquartered?

Accepted Answer

Postel Family Credit Union is headquartered at 4400 Maplewood Avenue in Wichita Falls, Texas. The credit union operates two full-service locations in Wichita Falls, both equipped with drive-through facilities to provide convenient access to members.

Question 4

Where does Postel Family Credit Union (Postel Family FCU) operate?

Accepted Answer

Postel Family Credit Union serves five counties in north Texas: Wichita, Archer, Baylor, Clay, and Wilbarger Counties. In March 2013, the credit union received a field of membership expansion that allows it to serve anyone who works, resides, worships, or attends school in these five Texas counties. Additionally, Postel serves postal employees across many southern Oklahoma and north Texas areas. The credit union maintains relationships with various Select Employee Groups (SEGs)—businesses and organizations that partner with Postel to provide financial services and education to their employees.

Question 5

What services does Postel Family Credit Union (Postel Family FCU) offer?

Accepted Answer

Postel Family Credit Union offers a comprehensive array of financial products and services. Deposit accounts include youth accounts, regular share savings, checking accounts, money market accounts, and certificates of deposit. The credit union provides various loan products including personal loans, auto loans, mortgages through CU Members Mortgage partnership, and consumer loans. Credit card options include both consumer and business credit cards. Digital banking services include online banking, bill pay, a mobile app available for iPhone and Android devices, and SecurLOCK, a text alert system for debit card monitoring. Additional services include wire transfers, notary services, and access to a discount shopping center. The credit union emphasizes making the application process simple, allowing non-members to apply for loans before joining.

Question 6

What makes Postel Family Credit Union (Postel Family FCU) unique?

Accepted Answer

Postel Family Credit Union holds the distinction of being the oldest, longest-lasting credit union in Texas, with over 95 years of continuous service. The credit union has survived and thrived through the Great Depression, World War II, numerous economic cycles, and changing banking regulations—a testament to its stability and member-focused approach. With only five presidents/managers in nearly a century of operation, Postel demonstrates remarkable leadership continuity and institutional knowledge. The credit union emphasizes personal relationships, inviting members in for coffee and providing one-on-one consultation—maintaining a personal touch despite its growth. Postel Family FCU is deeply committed to community service, actively supporting Children's Miracle Network and delivering meals through Meals on Wheels each week. The credit union's BBB A+ rating and accreditation since 1986 reflect its commitment to ethical business practices. Members particularly value the "small enough to know you" approach combined with comprehensive financial services.

Question 7

What type of financial institution is Postel Family Credit Union (Postel Family FCU)?

Accepted Answer

Postel Family Credit Union is a state-chartered credit union regulated by the Texas Credit Union Department and the National Credit Union Administration. The credit union maintains federal deposit insurance through the National Credit Union Share Insurance Fund (NCUSIF), protecting member deposits up to $250,000. As a credit union, Postel operates as a member-owned cooperative governed by a volunteer Board of Directors elected from the membership. The credit union follows the cooperative principle of returning earnings to members through competitive dividend rates, lower loan rates, and enhanced services rather than distributing profits to outside investors. This not-for-profit structure, combined with nearly a century of experience serving north Texas communities, positions Postel Family FCU as a stable, member-focused alternative to traditional for-profit banking institutions.

Postel Family Credit Union (Postel Family FCU)

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Postel Family Credit Union (Postel Family FCU) in the United States