By design and definition, credit unions are a non-profit member-owned cooperative whose membership consists of people with at least one common trait. No matter if that trait is occupation, association, or community - everyone gets an equal voice regardless of how much he or she has in shares.

Some major differences in Credit Unions in comparison to banks are:

• Earnings are shared with members. Last year over $3,000,000 in dividends was paid to our members.


• Product/Service offerings are driven by demand of its membership, not what is profitable.


• After securing reserves, surplus funds are received by members in the form of dividends, reduced interest on loans, and improved services.


• Consistent with the Credit Union philosophy, help is provided to assist people in gaining economic independence and self-sufficiency.


• We educate our members on financial matters and consumer issues.


• Cooperation is a given among the Credit Union family on a worldwide scale based on mutual concern for our members.

Excess Share Insurance

Greater TEXAS Federal Credit Union participates in Excess Share Insurance. This unique program provides up to an additional $250,000 of insurance once member's collective savings balances exceed the maximum level of $250,000 in coverage provided by the National Credit Union Share Insurance Fund (NCUSIF), a government backed insurance fund managed by the National Credit Union Association (NCUA).

Excess deposit insurance provides up to $250,000 per member, thus permitting individual members to have their savings protected in the credit union (through a combination of federal and private insurance) up to $500,000.

So, rest assured that all of your deposits are safe with Greater TEXAS Federal Credit