Texoma Educators Credit Union Sherman TX | Affordable Auto Loans & Business Banking

Introduction

Welcome to Texoma Educators, your trusted financial partner located at 506 W Lamar St, Sherman, TX 75090. Since our establishment in 1957, we have been dedicated to providing exceptional service and support to our 8,559 members. Our commitment to the community shines through not only in our personalized banking solutions but also in the trust we've built over the years. As a member-focused credit union, we proudly manage assets totaling $130,152,240 and offer a range of financial products tailored to meet your needs. Whether you're looking for personal banking options such as checking accounts and auto loans or business services like merchant services and loans, we're here to help you thrive. Led by our experienced CEO, Louella Williams, and Board President Greg Akins, our team of 22 employees is passionate about ensuring that you receive the best possible experience. We understand that navigating financial decisions can be daunting; that's why we strive to provide clear guidance and trustworthy advice every step of the way. While members can visit us at our branch location, official correspondence should be sent to our mailing address: 506 W. Lamar St., Sherman, TX 75090-5840. If you have any questions or need assistance, don't hesitate to reach out! Give us a call at 903-892-1505, or visit our website at Texoma Educators for more information. Join us today and discover how we can help you achieve your financial goals!

Branch History & Mission

Community Engagement

Our community-focused approach is evident in every aspect of our operations. We actively participate in local events and initiatives aimed at improving the lives of those around us. From educational workshops to charitable donations, Texoma Educators is dedicated to giving back to the community that has supported us for so long. With an ATM available on-site and drive-thru banking options for added convenience, we ensure that your banking experience is smooth and efficient. Whether you're visiting us at the branch or connecting with us online via our website, we are here to serve you. Join us at Texoma Educators and experience firsthand how we can help you navigate your financial journey with confidence. Together, let's build a brighter future for you and your family! For more information or assistance, feel free to call us at 903-892-1505 we look forward to welcoming you into our family!

Our Mission

At Texoma Educators, our mission is simple yet powerful: to enhance the financial well-being of our members while fostering a strong sense of community. We believe that by providing quality financial products and education, we can help individuals achieve their dreams whether it's buying a first home or planning for retirement. We strive to make banking as convenient as possible with modern amenities such as online banking and mobile payments. Our commitment extends beyond just transactions; we focus on building lasting relationships with each member who walks through our doors. Our operating hours ensure that you can access our services when you need them most.

Branch Location & Accessibility

Convenient Access for Everyone

At Texoma Educators, we understand that convenience is key. That's why our branch is designed with accessibility in mind. Whether you're visiting us for personal banking or looking to explore our range of services like auto loans or mortgage options, you'll find ample parking available right at our doorstep. Our facility meets ADA compliance standards, ensuring that everyone can navigate comfortably.

Operating Hours and Services

We're here when you need us! Our operating hours are designed to fit your busy schedule, making it easy for you to stop by before or after work. You can reach us at 903-892-1505 if you have any questions about our services or need assistance. In addition to personal banking services such as checking and savings accounts, we offer a variety of financial solutions including auto loans, personal loans, and credit cards with rewards. Plus, enjoy the convenience of our drive-thru banking service for quick transactions without leaving your vehicle.

Visit Us Today!

While you can visit us at 506 W Lamar St for all your banking needs, please send official correspondence to our mailing address: 506 W. Lamar St., Sherman, TX 75090-5840. We invite you to experience firsthand the personalized service that sets Texoma Educators apart. Drop by today or give us a call we look forward to helping you achieve your financial goals!

Member Eligibility

At Texoma Educators, we believe that becoming a member is like joining a close-knit family where everyone supports each other. If you're looking to become part of our community, you'll be glad to know that eligibility is open to individuals who live, work, worship, or attend school in the area. We also welcome family members of existing members. This means if you have a connection to our vibrant community in Sherman, Texas, you're likely eligible! To find out more about the specific criteria and ensure you meet all requirements, check out our detailed eligibility page at http://www.texomaeducators.com/membership . Once you're ready to join us at our branch located at 506 W Lamar St Sherman Tx 75090, opening an account is a breeze. Just give us a call at (903) 892-1505 for any questions or come visit us during our operating hours. We can't wait to welcome you into the Texoma Educators family!

Business Banking & Commercial Services

Commercial Loans for Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services that Make Transactions Easy

In addition to loans, our merchant services simplify how you accept payments. Imagine having the ability to process transactions quickly and securely, whether you're at a bustling market or running your shop. Our solutions help streamline your operations so you can focus more on what matters growing your business. Located at 506 W Lamar St Sherman Tx 75090 in Sherman, TX, we're here to partner with you on this exciting journey. Reach out today at (903) 892-1505 and let's discuss how we can help your business thrive!

Comprehensive List Of Services

Accessibility for All Members

Our branch operates with an emphasis on accessibility. With both ATM availability and drive-thru services, members can perform essential banking tasks without hassle. Whether you're checking balances or making simple transactions, we've got you covered. At Texoma Educators, we're not just here to provide financial services; we aim to build lasting relationships with our members in Sherman and beyond. If you're interested in learning more about how we can assist you with any of these services or have questions about membership eligibility, don't hesitate to reach out at 903-892-1505 or visit us online at Texoma Educators. Join us today and experience the difference personalized service makes!

Business Banking Services

For our entrepreneurial members, Texoma Educators offers comprehensive Business Banking solutions. From Merchant Services that simplify transactions to various Business Loans, we support local businesses in achieving their financial goals.

Convenient Digital Banking

We recognize that convenience is key in today's fast-paced world. Our state-of-the-art Online & Mobile Banking allows you to manage your accounts from anywhere. With features like ATM & Cash Withdrawal Services, accessing your funds has never been easier. For those who prefer face-to-face interactions, we also provide basic drive-thru banking for deposits and withdrawals.

Personal Banking Solutions

For those seeking personal banking options, we offer various Checking & Savings Accounts designed for everyday use and long-term savings goals. If you're considering purchasing a new car or refinancing your current vehicle, our Auto Loans & Vehicle Financing solutions make the process straightforward and accessible. Need assistance with larger purchases? Our Mortgage Loans & Refinancing services can guide you through securing your dream home or optimizing your current mortgage. In addition to these offerings, we understand that life can bring unexpected expenses. That's why our Personal Loans & Debt Consolidation options are crafted to provide quick access to cash when you need it most. Plus, with our Credit Cards with Rewards, you can earn benefits while making everyday purchases.

Digital & Online Banking

Accessibility Anytime

Life is busy, and we get that! With our mobile application available for download, managing your finances on the go has never been easier. Need to check your balance while you're out? Want to make a quick payment? Just open the app! At Texoma Educators, we're committed to giving you the tools you need for real-time account management that fits your lifestyle. Experience the convenience of modern banking with us today!

Online Banking Made Easy

With our 24/7 online banking services available at https://www.texomaeducators.com/ , you can manage your accounts anytime, anywhere. Whether you're checking balances, paying bills, or transferring funds, our user-friendly platform makes it simple. Plus, if you prefer to go paperless, you can easily enroll in e-statements for quick access to your account statements without the clutter of physical mail.

Secure Transactions at Your Fingertips

We prioritize your security with features like electronic signature authorization, which means you can complete transactions safely from the comfort of your home. Our mobile application enhances this experience by allowing you to do everything from mobile payments to person-to-person transfers right from your smartphone. You can send money to friends and family instantly, making splitting bills or sending gifts a breeze.

Financial Strength

Committed Team

We take pride in having 12 full-time employees and 10 part-time employees who ensure our branches are always ready to serve you with a knowledgeable, committed team. Your needs are important to us, and we're here to help every step of the way.

Growing Together

Total Share Accounts: 12,954, showing a strong and growing member base that trusts us with their finances. Our focus remains on building lasting relationships within the community while ensuring that your money works hard for you. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Texoma Educators is your trusted partner. Visit us at 506 W Lamar St Sherman Tx 75090 or call (903) 892-1505 to learn more about how we can help you achieve your financial goals.

Lending Capacity

With $820 in used auto loans and $58,367,957 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our operational efficiency is reflected in our $0, which enables us to continue offering competitive loan rates and solid financial products for our members.

Our Strong Financial Position

With a net worth of $16,598,039, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This net worth reflects our commitment to safeguarding your savings while providing loans that help you achieve your goals. Our net worth ratio of $1,275 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Supporting Your Savings

Members' savings are secured through $27,151,996 in share certificates and $1,140,272 in money market shares, offering stable and rewarding financial growth opportunities. We prioritize our members; unlike traditional banks, we focus on providing benefits tailored for you. With $16,598,039 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our commitment to your financial well-being means continuous improvement in the services we offer.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We have issued over $17,938,164 in used vehicle loans and $27,197,550 in new vehicle loans already helping members get on the road. Whether you're buying new or used, we can guide you through financing options that work for you.

Credit Lines and Unsecured Loans

For those looking for flexibility in managing finances, we offer total credit lines of $4,000,000. Additionally, our unsecured credit card loans amounting to $2,216,907 provide an easy way for members to cover unexpected expenses while maintaining control over their budget. At Texoma Educators Credit Union, we pride ourselves on providing clear information about our loan products and any refinancing or eligibility options available. To learn more about how our loans can fit into your financial plan or if you want to explore eligibility criteria for membership and loans, feel free to reach out at 903-892-1505 or visit us online at Texoma Educators. Remember that performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. We look forward to supporting you on your journey!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. Currently, we have no Junior Lien 1-4 Family Residential Properties loans available; however, we are committed to assisting you through the process when you're ready.

Loan Aggregator

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TEXOMA EDUCATORS FEDERAL CREDIT UNION - Sherman, TX