Introduction
Welcome to Education First at our Lumberton Branch, located at 199 S Lhs Dr, Lumberton, TX 77657. Since opening our doors in 1952, we've been committed to serving our community and providing reliable financial solutions. With a robust membership of 32,625 and total assets reaching an impressive $622,827,882, we take pride in being a trusted partner for all your banking needs. At Education First, we understand that financial stability is key to achieving your goals. That's why we offer a wide range of services from personal checking and savings accounts to auto loans and business banking solutions. Our dedication to helping you thrive is reflected in our total loans of 26,824 and deposits amounting to $13,272,048. Our leadership team, led by CEO Urjit Patel and Board President Chris Busch, works tirelessly to ensure that we maintain a strong net worth of $53,858,908 while keeping our member's interests at heart. Whether you're looking for competitive loan rates or the convenience of online banking options, we've got you covered. While members can visit us at our branch for personalized service, official correspondence should be sent to our mailing address at 7025 Eastex Fwy, Beaumont, TX 77706-6515. We invite you to explore how Education First can support your financial journey. For any questions or assistance, feel free to give us a call at 409-898-3770. Come visit us during our operating hours: Monday through Friday from 9:00 AM to 5:00 PM and Saturday from 9:00 AM to 12:00 PM. Let's take the next step together toward achieving your financial goals!
Financial Strength
At Education First, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We understand that you want to know your credit union is strong and reliable, especially in today's ever-changing economic landscape. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $53,858,908, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 863 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $188,678,620 in share certificates and $87,677,265 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $53,141,933 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to lending is evident with $5793 in used auto loans and a total of $385,930,521 in loans and leases supporting our members' financial goals across various sectors. Our operational efficiency reflects in our performance with a net income of -$1,339,236, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 154 full-time employees and 1 part-time employee, ensuring our branches are always ready to serve you with a knowledgeable and committed team. Net Shares available for lending and investments stand at $7,550,936. Total Share Accounts have reached an impressive number of 75,521, showcasing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Education First is your trusted partner. Visit us at 199 S Lhs Dr Lumberton Tx 77657 or call 409-898-3770 to learn more about how we can help you achieve your financial goals.
