Who Can Be A TEFCU Member?

Because credit unions are unique financial institutions, you must meet eligibility requirements to become a member:

  • You live, work, worship, attend school or regularly conduct business in one of the following counties: Grayson County, Texas; Atoka, Bryan or Marshall Counties, Oklahoma.
  • If one of your immediate family is a member, you are eligible to join through them, wherever you live or work.
What Is A Credit Union?

Texoma Educators Federal Credit Union is a member-owned and operated not-for-profit organization. When you become a member, you become one of our owners, and you share in the credit union's success.

The credit union accepts your savings deposits and invests them to earn income, primarily by lending money to our members. 

The income earned through investments is returned to our members in the form of low-cost loans, competitive returns on savings, and a range of convenient services. Review our frequently asked questions.

Brief History

Texoma Educators Federal Credit Union was founded in 1957 as Grayson County Teachers Federal Credit Union. Starting with just 10 members and $200, the operations were located in one room of the Grayson County courthouse in Sherman, Texas. In 1973, we moved to a new Sherman office at 506 W. Lamar, just a few blocks from the square in downtown Sherman.

In 1989, we opened a branch office in Denison at the administration building of the Denison Independent School District. In 2004, we opened our new Denison office at 530 W. Woodard.

In 1995, we merged with Southeastern Teachers Credit Union in Durant, Oklahoma and opened a branch office there. This expansion required a name change, and we became Texoma Educators Federal Credit Union. Five years later, we opened our new Durant office at 424 N. Washington.

Over the years, we have merged with several other credit unions, including the Pillsbury Federal Credit Union, Austin College Federal Credit Union, Grayson Federal Credit Union and Denison City Employees Credit Union.

In 2014, we amended our charter to begin serving the entire community in Grayson County, Texas, as well as Bryan County, Marshall County and Atoka County in Oklahoma. Wherever you work, live, attend school or worship in these counties, we can welcome you as a member!

Mission Statement

The mission of Texoma Educators Federal Credit Union is to provide financial services for its members. TEFCU aims to offer services in a professionally and courteous manner, while emphasizing conservative economic principles as a matter of daily business practice.

Our Vision

The directors and staff of Texoma Educators Federal Credit Union envision that our organization will be among the premier financial service institutions in North Texas and Southern Oklahoma.

Our success in achieving this vision will depend on our willingness to adjust our services and operational procedures to an ever-changing market environment; while never compromising our philosophy that a friendly and caring relationship with our members must remain our #1 focus.