Intro – Texans Credit Union Reviews & Ranking
AdvisoryHQ recently published its list and review of the top credit unions in Texas, a list that included Texans Credit Union.
Below we have highlighted some of the many reasons Texans Credit Union was selected as one of the best credit unions in Texas.
Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
Texans Credit Union Review
Started in 1953 by employees of Texas Instruments, Texans Credit Union has grown from its 11 founding members to serving over 110,000 members today. Its membership spans seven counties and over 100 select business partners.
Best Credit Unions 2020-2021
This top credit union has over $1.5 billion in assets and 13 branch locations. It is also a part of the CO-OP Shared Branch network, which gives members access to more than 5,000 other credit unions throughout the country.
Since its beginning, Texans Credit Union has been dedicated to helping its members through low-cost loans and other helpful financial services. It’s proud to have an organization of “Texans serving Texans.”
Read More: American Airlines Credit Union Review & Ranking
Key Factors Leading Us to Rank Texans Credit Union as One of the 2020-2021 Top Credit Union Firms
Upon completing our detailed review, Texans Credit Union was included in AdvisoryHQ’s ranking of the 2020-2021 best credit unions based on the following factors.
Texans Credit Union Review: Checking Accounts
There are two primary checking accounts available to members of this top credit union.
The first option is the My Texans Checking SM , which includes no service charge if a monthly direct deposit is made into the account or if the member enrolls in eStatements. It also features free online and mobile banking, free bill pay, and a debit card with advanced security and fraud protection.
For those that want to earn interest on their checking account, Texans Credit Union has the My Texans Interest Checking option. This account is designed for members that have a higher balance but want to earn a competitive interest on their deposits.
To earn dividends, there is a $2,500 minimum daily balance requirement and if that requirement is met, there is no service charge. Otherwise, the service fee is $10/month.
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Texans Credit Union Review: Student Loans
Texans Credit Union offers The Smart Option® Student Loan by Sallie Mae®, which is created for individuals who are attending a degree-granting institution. This loan is intended to bridge the gap between scholarships and federal loans to help with the remaining cost of education.
The Smart Option Student Loan includes flexible repayment options and a choice between fixed and variable interest rates. There is no prepayment penalty, no origination fees, and there are possible interest rate reductions available.
The loan can be used by undergraduate students, graduate students, or a parent helping a student pay for school.
Texans Credit Union Review: Convenience
This top U.S. credit union offers members a range of conveniences, just like you’d find at any for-profit bank. These include:
- Purchase cashier’s checks, money orders, and travelers’ checks at a local branch
- Courtesy pay and overdraft protection
- Debit cards with an EMV chip and certain fraud protections
- Direct deposit so your checks go right into your account more quickly
- E-banking
- Gift cards
- Night deposit is available at certain branch locations
- Safe deposit boxes
- Wire transfers
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Review Summary
Texans Credit Union offers a variety of options for its members including member discounts from retailers, low loan rates, and financial education resources online.
While the website for this top credit union is definitely filled with helpful information, we did find that the images at times appeared stretched and the front page looks a bit outdated. While navigation is fairly straight forward, the site could definitely use an update, which is why we gave Texans a 3-star rating as a top credit union.
With a site update to fix some of the image issues, it could easily get a top score in the future. In the meantime, for excellent banking services with a variety of member conveniences, Texans Credit Union remains a top credit union to consider banking with.
In addition to reviewing the above Texans Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:
Image Sources:
- https://www.texanscu.org/home/resources/education-center
AdvisoryHQ (AHQ) Disclaimer: Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info. Note: Firms and products, including the one(s) reviewed above, may be AdvisoryHQ's affiliates. Click to view AdvisoryHQ's advertiser disclosures.
