The Texas Partners Federal Credit Union Difference

“Credit Union, Bank. They're All The Same.” The truth is, we are very different!

Credit Unions are:

• Member owned - No stockholders
• Our Board of Directors are volunteers
• We are “Not for Profit”
• We have lower service fees
• We offer competitive rates
• But perhaps most importantly - we are “People helping People”.

Looking through a window of a credit union, one might say it's a bank! Nothing can be further from the truth. It is true however, that we do the same type of financial transactions and services that banks do, but that's where the resemblance stops.

Texas Partners Federal Credit Union was founded on the principal of people helping people.  Small groups of people bonded together, pooled their own moneys, and then loaned it out to each other at lower rates than the banks could offer.  This resulted in lower service fees and competitive rates.  Once a person joins Texas Partners Federal Credit Union, he or she becomes an owner for life. Banks, on the other hand, are owned by a small group of stockholders who divide the profits between themselves.  Banks exist for the purpose of making a profit for this small group of investors. The board of directors of Texas Partners Federal Credit Union are volunteers who lend their expertise to the management and direction of the credit union.  They are members just like you and I who want to be able to offer the best possible services and products to our members at the lowest possible fees, and still offer the most competitive rates.

What might on the surface appear to be a “better deal” offer, often times results in higher service fees to the consumer.  Dare to compare!  The 2% rate on an auto loan from a bank soon becomes larger than life when you compare the higher fees you must pay such as monthly checking account fees, insufficient funds fees, and even the price of your checks! Check out our service fees!

Another benefit of Texas Partners Federal Credit Union a is that interest on loans is figured from date of last payment to date of next payment on the unpaid balance.  Banks, on the other hand, add all their interest upfront to be beginning of the loan; thus, they are paid the interest first before beginning to reduce the principal.

Check it out!  Ask questions!

Texas Partners Federal Credit Union is highly motivated to educate our members so that they will have a choice of the type of financial institution they select and so that they can receive the best possible financial direction for their money. Once you “dare to compare”, you will find the CREDIT UNION DIFFERENCE is the best way to manage your money.

1011 Wales Drive
Killeen, Texas 76549
254-526-3081