Question 1

What is TexHillCo School Employees Federal Credit Union (TexHillCo FCU)?

Accepted Answer

TexHillCo School Employees Federal Credit Union is a member-owned financial cooperative serving educational professionals and their families in the Texas Hill Country region. With over 2,100 members and approximately $26.6 million in assets, this community-focused credit union specializes in providing financial services to employees of school districts, educational institutions, and retired educators throughout Kerr, Bandera, and surrounding counties.

The credit union operates under the motto "Where people are worth more than Money," reflecting its commitment to prioritizing member relationships over profits.

Question 2

When was TexHillCo School Employees Federal Credit Union (TexHillCo FCU) founded?

Accepted Answer

TexHillCo School Employees Federal Credit Union was established in 1956 by school employees in Kerrville, Texas. The credit union's humble beginnings are noteworthy—it initially operated out of a cigar box on the top floor of the old Tivy High School building, which now serves as the Kerrville ISD administration building.

Founded on the cooperative principle of "people helping people," the credit union was created to provide accessible financial services to educators who formed a natural community of common interest. Over the decades, the credit union expanded its field of membership to include surrounding Hill Country school districts, growing from its original base to serve a broader educational community while maintaining its founding mission of quality service and sound financial management.

Question 3

Where is TexHillCo School Employees Federal Credit Union (TexHillCo FCU) headquartered?

Accepted Answer

TexHillCo FCU is headquartered at 1018 Sidney Baker Street in Kerrville, Texas, located approximately one-half block south of Antler Stadium. The Kerrville location serves as the main office and branch for member services.

Question 4

Where does TexHillCo School Employees Federal Credit Union (TexHillCo FCU) operate?

Accepted Answer

The credit union serves members primarily throughout the Texas Hill Country region, with its field of membership spanning multiple counties in central Texas. The service area includes Kerrville and surrounding communities where member school districts and educational institutions are located.

Membership eligibility extends to employees, spouses, and family members of numerous organizations including Kerrville ISD, Ingram ISD, Bandera ISD, Hunt ISD, Medina ISD, Harper ISD, Center Point ISD, Comfort ISD, Fredericksburg ISD, Schreiner University, Notre Dame Catholic School, Grace Christian School, Doss Consolidated School, Hill Country Youth Ranch, Hill Country Retired Teachers Association, and Bandera County TX Retired Teachers Association. Parents, grandparents, siblings, and children of existing members are also eligible to join.

Question 5

What services does TexHillCo School Employees Federal Credit Union (TexHillCo FCU) offer?

Accepted Answer

TexHillCo FCU provides a comprehensive range of financial products and services tailored to the needs of educators and their families:

Savings Products: Share savings accounts with a minimum $10 opening deposit, certificates of deposit with competitive rates, and Individual Retirement Accounts (IRAs) for retirement planning.

Transaction Accounts: Free checking accounts with no monthly maintenance fees, featuring convenient access through payroll deduction, direct deposit, and electronic banking services.

Lending Services: New and used vehicle loans with competitive rates, MasterCard credit cards, personal loans, lines of credit, and various consumer loans. The credit union emphasizes simple and fast loan procedures designed to meet members' needs quickly.

Digital Banking: Online banking platform for 24/7 account access, mobile banking capabilities, electronic funds transfer services, and bill payment options. Members can manage their accounts, transfer funds, and conduct transactions from anywhere.

Additional Services: Payroll deduction services for convenient saving and loan repayment, direct deposit options, ATM access, and comprehensive member support.

Question 6

What makes TexHillCo School Employees Federal Credit Union (TexHillCo FCU) unique?

Accepted Answer

Several distinctive features set TexHillCo FCU apart in the financial services landscape:

Educational Community Focus: The credit union exclusively serves educational professionals, creating a shared sense of community and understanding of the unique financial needs and circumstances of educators, including academic calendars and school-year payment schedules.

Historic Legacy: Operating for nearly 70 years since its founding in 1956, the credit union has deep roots in the Kerrville educational community, with its charming origin story of operating from a cigar box demonstrating the grassroots, member-driven nature of the institution.

Member-Centric Philosophy: The credit union's motto, "Where people are worth more than Money," is reflected in its core values emphasizing that it operates "not for profit, not for charity, but for service." This philosophy ensures that member needs consistently take priority over institutional profits.

Personalized Service: With approximately 2,100 members, TexHillCo FCU maintains a size that allows for personalized attention and relationships while offering the full suite of services expected from a modern financial institution.

Cooperative Ownership: Every member is an equal owner with equal voting rights, regardless of account balance. The $10 par value represents each member's ownership stake in the cooperative.

Strong Financial Performance: The credit union demonstrates solid financial health with consistent growth in deposits, loans, and assets, while maintaining strong capital ratios and profitability.

Question 7

What type of financial institution is TexHillCo School Employees Federal Credit Union (TexHillCo FCU)?

Accepted Answer

TexHillCo School Employees Federal Credit Union is a federally chartered credit union regulated by the National Credit Union Administration (NCUA), with regional oversight from the NCUA's Austin office.

As a federal credit union, TexHillCo FCU operates as a not-for-profit financial cooperative owned and controlled by its members. The cooperative structure means that members are simultaneously customers and owners, with each member having one vote regardless of account size. Profits are returned to members through competitive loan rates, higher savings dividends, and improved services rather than being distributed to outside shareholders.

The credit union maintains memberships in several industry organizations including the Alamo Area of Credit Unions, Southwest Educators Credit Union Association, and Cornerstone Credit Union League. Member deposits are federally insured up to at least $250,000 per account through the National Credit Union Share Insurance Fund (NCUSIF), providing the same level of protection as FDIC insurance at banks.

The credit union's charter number is 11576, and it operates under the regulatory framework established for federal credit unions, including requirements for field of membership, capital standards, and consumer protection regulations.

TexHillCo School Employees Federal Credit Union (TexHillCo FCU)

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About TexHillCo School Employees Federal Credit Union (TexHillCo FCU) in the United States