About Us

Members Own the Credit Union

A credit union is a democratic, member-owned cooperative. So when you join a credit union, you’re more than a member; you’re an owner—and that means you have a say in how your credit union is run.

A volunteer board of directors, elected by the members, governs a credit union. With their vote, each member has a direct impact on the direction of the credit union. As part of the democratic process, each credit union holds an annual election where members select candidates for the Board of Directors. This is very different from a bank, where stockholders vote according to the number of shares of stock they own.

Credit Unions are Not-for-Profit

Credit unions provide the same products and services as other financial institutions—but credit unions are not-for-profit and exist to help people, not to make a profit. As such, all earnings are returned to their members in the form of high-interest savings and low-rate loans.

This also enables credit unions to operate at a lower cost than many for-profit institutions and helps them offer competitive loan and savings rates to their members.

Credit Unions Put People First

Credit unions live by the philosophy of “People Helping People.”

Credit unions across the country are committed to their communities, offering financial services to underserved populations, engaging youth in financial education, and returning profits to their members.

While they are not mandated to do good works, as banks are, by the Community Reinvestment Act, credit unions serve their communities to strengthen the connection with members and improve the quality of life for those in need of financial services. The National Credit Union Foundation coordinates the “Real Solutions” program, which supports community reinvestment programs in 33 states.

Credit Unions Are Safe

Credit unions know that you need more than a variety of products and services. You need to know that your money is safe – and at a credit union, it is.

You are Insured

NCUA insures each member’s account up to $250,000.00.

Why Join?

Because credit unions are not-for-profit, you can expect better savings and loan rates than at commercial institutions.

Your savings & checking deposits and loan payments can be made easily and painlessly through payroll deduction. Deposits may also be made by mail, ACH, or at the credit union office.

The credit union is also capable of accepting direct deposits and originating ACH payments from your checking or savings account at another financial institution.

Share account dividends are paid on calendar quarter end. Checking account dividends are paid at the end of each month. Savings & Checking account withdrawals may be requested at the credit union office, by phone, or through the credit union website.

Mission and Vision

Victoria Teachers Federal Credit Union will strive to be the primary financial institution for the employees of VISD and their families by providing exceptional member service and a friendly atmosphere that will set us apart from other financial institutions for years to come.

Vision

Victoria Teachers Federal Credit Union will continue to play a leadership role in the community it serves by contributing professional-level services in a friendly, welcoming environment.