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The UFCU Story

The UFCU Story

80 Years and Counting

University Federal Credit Union was chartered in 1936, and it has grown into a strong, healthy and growing financial cooperative, serving more than 200 universities, associations and employers in Central Texas and Galveston County.

Total assets

$2,298,897,796

Members/Owners

240,141

(As of April 30, 2018)

Learn more about why your funds are safe at UFCU

A History of Service

  • 1930 May 6, 1936 – Charter signed by Board of Directors and opened for business with 30 members and $855 in deposits
    May 14, 1936 – Organizational certificate issued establishing University Federal Credit Union (UFCU)
  • 1940 1946 – UFCU moves to a permanent location in M Hall on UT’s Campus
     
  • 1950 1952 – Assets exceed $100,000
    1953 – Medical Branch Credit Union opens in Galveston
    1954 – Membership exceeds 1,000
    1954 – Mavis Knox becomes UFCU’s first paid Manager
  • 1960 1961 – Assets reach $1 million
    1961 – Waggener Hall on UT campus becomes the site for UFCU’S operations
    1963 – Mollie Hartwig appointed General Manager
    1966 – UFCU relocates to Littlefield Carriage House, and in late 1966 relocates off campus
    1967 – Assets reach $3.6 million
    1968 – Ray Northrop appointed General Manager
  • 1970 1973 – Buildings at 30th and Cedar Street purchased and remodeled to house UFCU
    1973 – Assets reach $7.4 million
    1975 – E. Burton Eubanks appointed General Manager and, later, President
    1978 – Land at 46th and Guadalupe Street purchased
    1979 – Membership expands to include UT graduate students
  • 1980 1980 – Share draft (checking) accounts introduced
    1981 – Service Center opens at the University Co-Op bookstore
    1981 – First ATM machine installed
    1982 – Branches open in University Co-Op and Texas Union on UT campus
    1982 – UFCU merges with Medical Branch Credit Union in Galveston
    1983 – Main office relocated from Cedar Street to 46th and Guadalupe Street
    1989 – Dobie Mall branch opens replacing the University Co-Op and Texas Union branches
  • 1990 1990 – Assets reach $125 million
    1991 – Land at Steck Avenue & Shoal Creek Boulevard purchased
    1991 – Downtown branch opens
    1994 – S MoPac branch opens
    1995 – Computer Banking established to provide members 24/7 access to services
    1995 – Steck branch opens
    1996 – Taylor branch established following merger with United Counties FCU
    1996 – UFCU launches its website
    1999 – Main branch relocates from N Guadalupe to Steck facility
  • 2000 2000 – Wheels 101® program to educate members when buying autos established
    2000 – Highway 79 branch opens in Round Rock
    2000 – Field of membership grows to serve 90 select employee groups in addition to UT affiliated groups
    2000 – E. Burton Eubanks retires
    2000 – Tony Budet, a 15-year UFCU executive, appointed President/CEO
    2000 – Assets reach $400 million; membership exceeds 100,000
    2000 – UFCU launches the second edition of its website
    2001 – Home Economics 101® and College Education 101® established
    2001 – UFCU Financial Services, LLC, a wholly-owned subsidiary of UFCU, established
    2002 – Lakeline branch opens
    2002 – UFCU launches the third edition of its website
    2002 – UFCU Financial Services added for brokerage and investment services
    2003 – Brodie branch opens
    2004 – UFCU Members Home Advisor®, LLC., established
    2004 – UFCU Insurance Services added
    2005 – First annual UFCU Steps to Cure Cancer 5k Walk/Run is held in Galveston
    2005 – UFCU becomes first institution in central Texas to offer instant issue debit cards
    2005 – Shared Branch services launched
    2005 – UT Board of Regents approves a 15-year agreement that names UFCU as the lead contributor of funding to renovate Disch-Falk Field. UFCU also secures naming rights to the facility, which will become known as “UFCU Disch-Falk Field.”
    2005 – Assets reach $700 million
    2006 – UFCU launches the fourth edition of its website
    2006 – UFCU celebrates its 70th anniversary
    2006 – University branch opens, replacing the Dobie Mall branch
    2006 – Land at Ben White Boulevard and South Congress Avenue purchased
    2006 – UFCU Disch-Falk Field renovation groundbreaking
    2007 – $500,000 donation to the University of Texas Libraries for the renovation of the Perry-Castañeda Library's (PCL) main floor
    2007 – UFCU’s President and Chief Executive Officer name President of the Education Credit Union Council (ECUC)
    2008 – Renovation of UFCU Disch-Falk Field complete
    2008 – Ben White branch opens and receives 5-Star Rating from Austin Energy
    2009 – Assets reach $1 billion
  • 2010 2010 – getReal program established
    2010 – Whitestone branch opens in Cedar Park
    2010 – Mortgage Services facility opens in Lakeway
    2010 – Implementation of mobile banking services
    2011 – Implementation of Mobile Deposits
    2011 – UFCU celebrates its 75th anniversary
    2012 – ABILITY Card
    2012 – Relocated Highway 79 Financial Center
    2012 – Opened Teravista Interactive Financial Center
    2012 – Opened Scofield Interactive Financial Center
    2012 – Opened Pflugerville Interactive Financial Center
    2012 – Opened Westlake Interactive Financial Center
    2012 – UFCU purchased a new facility “UFCU Plaza” to serve as corporate headquarters
    2013 – Don’t Tax My Credit Union
    2013 – Texas State University added to UFCU field of membership
    2014 – UFCU launches the fifth edition of its website
    2014 – Opened Financial Centers at Concordia and Texas State Universities
    2014 – Dedication of newly renovated and named UFCU Alumni Gym at St. Edward’s University
    2015 – Opened Victory Lakes Interactive Financial Center
    2016 – Opened San Marcos Interactive Financial Center
    2016 – Opened UT Gregory Gym Financial Center
    2016 – UFCU named Austin's Top Mortgage Lender by the Austin Business Journal