Austin Telco Federal Credit Union

Austin Telco Federal Credit Union (ATFCU) is a member-owned, non-profit financial cooperative based in Austin, Texas. Credit unions are owned by their members rather than outside shareholders, so earnings typically return to members through better rates and lower fees. The company has served its community for 85 years and counts more than 90,000 members.

ATFCU's consumer offerings include mortgages, home equity loans, credit cards, automobile and personal loans, checking, regular savings and money market accounts, and share certificates. Checking accounts earn dividends with no fees or minimums, auto loans offer terms of up to 84 months, and youth savings accounts have a $5 minimum. For businesses, ATFCU offers commercial loans with fixed rates, no prepayment penalties and up to 25-year amortization, plus the free True Partner Program for employee financial wellness. Its stated mission is to strengthen the community with financial knowledge and resources, and its financial literacy team publishes a blog on topics from early money habits to loans. Pairing lending with financial education is a common way for credit unions to build long-term relationships with members from their first account onward.

Membership is open to anyone who lives, works, worships or attends school in the six-county Austin area (Travis, Williamson, Hays, Bastrop, Caldwell and Burnet Counties) and to their immediate family. A geographic field of membership like this ties a credit union's growth closely to its home region. ATFCU serves members from Georgetown to San Marcos and from Taylor to Marble Falls through 24 branches, along with online and mobile banking. Its staff organize back-to-school events and volunteer at food banks, and it is the official credit union of Austin FC. The company names diversity, equity and inclusion, people helping people, integrity and innovation among its values.