What's a credit union?

A credit union is not a bank. We're a not-for-profit financial institution that was chartered to serve the community. When you open an account at a credit union, you become a member, not just a customer. And as a member of our credit union, you may enjoy several benefits bank customers typically don't have.

Credit unions are not-for-profit organizations. That means, our profits are put back into the credit union to provide better accounts, loans, and services to our members. Profits are also given back to our members as dividends.

Credit unions are not public. We are not traded on a stock exchange. Our actions benefit members only — that's you!

Why should I join?

Our members' opinions matter. We hold annual meetings with membership-only invites and listen to your concerns.

We have lower fees than banks. Banks are notorious for their hidden service and maintenance fees. At a credit union, you'll know exactly what you owe, why you owe it, and when. Take a look at our fee schedule.

Credit unions give better customer service! At a credit union, you're more than just a customer — you're a member. We're here to serve you and give back to our local community.

Member-run Board of Directors. Our Board of Directors is charged with overseeing credit union operations. The Board of a credit union is unique in that they are comprised of volunteers. In order to maintain the diversity of backgrounds and professions represented on our Board, we encourage those who wish to volunteer to contact us at 806-742-3606.

Joining is easy. If you are a member of the following organizations, all you need to do is apply for membership. If you're not, you can join our credit union by joining the Texas Tech Alumni Association -- visit us at one of our local branches for details, or visit their website.

  • Texas Tech University faculty, students and employees
  • Texas Health Sciences Center faculty, students, and employees
  • Texas Tech Alumni Association members
  • University Medical Center employees
  • Lubbock Christian University faculty and employees
  • Faculty, employees and immediate family members of the following school districts: Cooper, Frenship, Idalou, New Deal, Roosevelt, Shallowater and Slaton
  • Faculty, employees and immediate family members of Lubbock Independent School District
  • Children's Home of Lubbock employees
  • South Plains Electric Co-Op employees
  • Retired persons who receive pensions and/or annuities from the above employers
  • Immediate family members to those listed

Want more information?

Read the TTFCU bylaws here.