As a member of a credit union, you’re an owner, not a customer. That’s a significant difference.

Abilene Teachers Federal Credit Union (ATFCU) is a full service financial institution, offering the latest products for our members along with great rates and friendly, personal service.

Credit unions are unique in the financial world. They are not-for-profit cooperatives, owned and directed by their members. Unlike other financial institutions that focus on profit and stakeholders, credit unions are comprised of members who share their resources, including profits, to help each other. Because they have ownership rights, members also get to vote on the Board of Directors – ensuring that member needs are always put first.

Their mission is to provide a safe place for members to save and borrow at reasonable rates.

Points of Difference Between Credit Unions and Banks

Credit Unions Banks
Ownership Owned by members Owned by shareholders
Where do Profits Go? Back to members and the community Shareholders
Type of Products Offered To address the needs of members To maximize profits
Financial Advocacy Advocate for members and their families Advocate for shareholders
Board of Directors Elected by membership Elected by shareholders
Board Pay Structure Unpaid volunteers Paid shareholders
Federal Account Insurance Up to $250,000 by NCUA Up to $250,000 by FDIC

Can I Join ATFCU?

If you live, work, worship or attend school in Taylor or Callahan counties in Texas, we'd love to have you as a member.

We also serve the educational communities in 14 other West Central Texas counties. Check to see if you're eligible for ATFCU membership.

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