What Is A Credit Union?

Texoma Educators Federal Credit Union is member-owned and operated. 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. However, Texoma Educators has a unique difference between us and other financial institutions...we are a not-for-profit organization!

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.

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.