What
is a credit union?
”Created for people, not profit.” This has
been the philosophy of the credit union industry since
its inception in 1909. A credit union is a non-profit,
financial cooperative owned and operated by its members.
The volunteer Board of Directors that oversees each credit
union is elected by the membership. Credit unions have
historically provided members with a safe place to save
money, as well as a sensible place to borrow money at
competitive interest rates through the "pooling"
of members' funds. As a result of the quality of service
and products credit union members are offered, credit
unions are consistently rated as leaders in the financial
industry when it comes to member satisfaction, according
to the American Banker / Gallup consumer survey. Join
East Texas Professional Credit Union and discover this
credit union difference for yourself.
History
East Texas Professional Credit Union (ETPCU) was originally
organized in 1953 as Gregg County Teachers Credit Union,
with education as its common bond. In 1960, we became
the East Texas Teachers Credit Union to coincide with
our expanded membership area. Then in 1986, our name was
changed to East Texas Professional Credit Union to reflect
an additional expansion in our field of membership. Today,
our common bond has expanded to a community charter. Everyone
who lives or works in the following counties is now eligible
for Credit Union membership: Anderson, Angelina, Northern Cherokee,
Gregg, Harrison, Henderson, Upshur, Nacogdoches, Rusk
and Smith.
What began as a $5 investment for 13 local individuals
in 1953, has grown to a thriving establishment with assets
of over $325 million and a membership base totaling more
than 45,000 East Texans. Our growth has been consistent
in the northeast Texas area for more than 55 years.
Today, ETPCU has office locations in Longview, Kilgore,
Lufkin, Spring Hill, Marshall, Nacogdoches and Tyler. In the years
since our establishment, the Credit Union's philosophy
has never varied from the basic principle of people helping
people. We are “Created for people, not profit.”
Each account is insured to at least $250,000 and backed by the full faith and credit of the United States Government.
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