Education Credit Union

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A short history of Education CU

Since its inception in 1935 the Education Credit Union has been serving its members in the Amarillo, Texas area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Gregg Bynum, the Education CU has grown its membership to over 24,692 with assets of more than $254,395,042. They have a main office and 6 branch offices. Please see the credit unions website or contact them by phone at (806) 358-7777 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Amarillo, TX.

General Information For Education CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 67494
Address 4400 W Interstate 40 
City Amarillo 
State Texas 
Zip-Code 79106
Phone Number (806) 358-7777
Fax Number (806) 242-9515
Email Address:
CEO/President Gregg Bynum
Members 24,692 
Full-Time Employees 111 
Part-Time Employees 15 
Number of Branch Offices
Total Assets 254,395,042 

Compare Education Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Amarillo Postal Employees CU AMARILLO POSTAL EMPLOYEES CREDIT UNION 2400 HOBBS RD 79109 (806) 354-2166 No 1.49
Amarillo Community CU Pampa 900 N Hobart St 79065 (806) 665-3271 No 1.54
Intercorp CU Intercorp Credit Union 1100 SW 15th Ave 79102 (806) 371-7792 No 2.34
Texas Plains CU Floydada Branch 206 W California St 79235 (806) 983-3922 No 2.56
Santa Fe CU Hillside Branch 7600 Hillside Rd 79105 (806) 373-0736 No 2.84

Education Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Education Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.86 3.70 4.07 5.38 4.93
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 327 237 211 312 220
Rank Among All Texas Credit Unions 66 86 75 93 42

Education Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.06 0.25 0.20 0.85 0.50
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 123 95 114 198 227
Rank Among All Texas Credit Unions 34 34 24 64 59
Education Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.8608,57012,308,717
All Other Unsecured Loans/Lines of Credit 9.0004,88716,748,637
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.7001,58631,909,553
Used Vehicle Loans 4.0704,98454,282,805
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.38073252,730,282
Total Other Real Estate Loans/Lines of Credit 4.9301082,822,795
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.4801,16017,240,849
TOTAL LOANS & LEASES 22,027188,043,638

Education Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 30533,023,122292,883,903
    b. 15 Years or less 1938,106,300221,061,764
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 23411,600,86010666,747
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 551,323,0916136,000
Closed-End Adjustable Rate 531,499,7046200,654
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 84055,553,077734,949,068


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Education Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending Yes
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes