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All UFCU locations will be closed Thu, Nov 22, 2018 for Thanksgiving Day. Read more

About

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 under management

$2,815,309,690

Members/Owners

243,051

(As of June 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