About

Mission Statement

Our Mission


The mission of Edinburg Teachers Credit Union is to be the best financial institution in the Rio Grande Valley. Unlike a bank, there are no outside stockholders whose purpose is to maximize the value of its stock. Instead of using earnings to reward outside stockholders, like banks do, Edinburg Teachers Credit Union uses earnings to reward members with benefits including higher deposit rates and lower loan rates

History of Credit Unions Globally

The Credit Union concept originated in 1849 when the mayor of a small German village wanted to help his people recover from the physical and financial devastation caused by the Napoleonic Wars. His plan was for people to pool their small but regular savings and provide low interest loans to those in need. This plan was successful and the idea quickly spread across Europe.

The first Credit Union in the United States was established in Manchester, New Hampshire in 1909. Like the original, this Credit Union was based on the principles of pooled savings and low interest loans. Today, there are thousands of Credit Unions in the United States. Foremost among the many contributing factors for the fast growth and popularity of Credit Unions is the quality service Credit Unions provide to their members.

Board of Directors

John Doe

CEO

John Doe

CEO

John Doe

CEO

John Doe

CEO

SYSTEM UPGRADE NOTICE

ETCU will be closed on Wednesday, May 1, 2024

 

We are converting to a new computer system, effective May 1, 2024.  This new system will make it easier to serve you by improving our efficiency as well as offering you new and exciting tools for managing your accounts with us.

During this process we will need to close our doors and temporarily disconnect online banking. Please plan ahead for your financial needs during this time.  We will re-open on Thursday, May 2, 2024 and online banking will be available at that time.

New Online Banking: Part of the conversion involves switching to the online banking platform offered by our new processing system.  All members will need to re-enroll in online banking and accept the user agreement after the conversion is complete.  (Account numbers and format will not be changing.)  We will have user guides for the new system available for you soon. Thank you for your patience and understanding.

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