Sep, 30, 2025 — EDUCATION CREDIT UNION is a federally insured state chartered credit union headquartered in AMARILLO, TX with 11 branch locations and about $476.32 million in total assets. Opened 91 years ago in 1935, EDUCATION CREDIT UNION has about 41,439 members and employs 162 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDUCATION CREDIT UNION |
|---|---|
| Address: (Main Office) | 6203 Hillside Rd AMARILLO, TX 79109-7193 |
| Phone: | (806) 358-7777 |
| Fax: | (806) 242-9556 |
| Website: | https://www.educationcu.com |
| Branches: | 11 branch locations |
| Members: | 41,439 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67494 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $476,316,770 |
| CEO/Manager: | Marcus E Smith |
| Chairperson: | Linda Purdy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,876,981 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 171,858,244 |
| Unsecured Loans | 54,097,610 |
| Other Loans | 153,510,737 |
| TOTAL LOANS | 379,466,591 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,024,599 |
| Land And Building | 16,756,341 |
| Other Fixed Assets | 6,710,237 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,704,009 |
| All Other Assets | 72,170 |
| TOTAL ASSETS | 476,316,770 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,561,711 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,755,376 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 75,287,091 |
| Regular shares | 134,174,697 |
| All Other Shares & Deposits | 202,586,653 |
| TOTAL SHARES & DEPOSITS | 412,048,440 |
| TOTAL LIABILITIES | 423,365,527 |
| Regular Reserve | 0 |
| Other Reserves | 7,224,864 |
| Undivided Earnings | 45,726,379 |
| TOTAL EQUITY | 52,951,243 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 476,316,770 |
| INCOME & EXPENSE | |
| Loan Income | 20,996,755 |
| Investment Income | 1,169,965 |
| Other Income | 3,689,417 |
| Total Employee Compensation & Benefits | 9,893,804 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,306,778 |
| Non-operating Income & (Expense) | -6,646 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,573,385 |
| Cost of Funds | 6,637,207 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 218,489 |
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