The UFCU Story

87 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 250 universities, associations and employers in Central Texas and Galveston County.

Total assets

$4.133 billion

Members/Owners

393,213

(As of October 31, 2024)

Learn more about why your funds are safe at UFCU

A History Of Service

    • May 6, 1936 – Opened for business with 30 members and $855 in deposits
    • May 14, 1936 – Obtained organizational certificate establishing University Federal Credit Union (UFCU)

    • 1946 – Moved to M Hall on UT’s Campus

    • 1952 – Exceeded $100,000 in assets
    • 1953 – Opened Medical Branch Credit Union in Galveston
    • 1954 – Exceeded 1,000 Members
    • 1954 – Appointed Mavis Knox as first paid Manager

    • 1961 – Reached $1 million in assets
    • 1961 – Established operations office in Waggener Hall on UT campus
    • 1963 – Appointed Mollie Hartwig as General Manager
    • 1966 – Relocated to Littlefield Carriage House, and in late 1966 relocated off campus
    • 1967 – Reached $3.6 million in assets
    • 1968 – Appointed Ray Northrop as General Manager

    • 1973 – Purchased and remodeled buildings at 30th and Cedar streets to house UFCU
    • 1973 – Reached $7.4 million in assets
    • 1975 – Appointed E Burton Eubanks as General Manager, then as President
    • 1978 – Purchased land at 46th and Guadalupe streets
    • 1979 – Expanded Membership to include UT graduate students

    • 1980 – Introduced share draft (checking) accounts
    • 1981 – Opened Service Center at the University Co-Op bookstore
    • 1981 – Installed first ATM machine
    • 1982 – Opened branches in University Co-Op and Texas Union on UT campus
    • 1982 – Merged with Medical Branch Credit Union in Galveston
    • 1983 – Relocated main office from Cedar Street to 46th and Guadalupe streets
    • 1989 – Opened Dobie Mall branch, replacing the University Co-Op and Texas Union branches

    • 1990 – Reached $125 million in assets
    • 1991 – Purchased land at Steck Avenue and Shoal Creek Boulevard
    • 1991 – Opened Downtown branch
    • 1994 – Opened South MoPac branch
    • 1995 – Established Computer Banking, now known as Online Banking, providing Members 24/7 access to services
    • 1995 – Opened Steck branch
    • 1996 – Established Taylor branch following merger with United Counties FCU
    • 1996 – Launched UFCU.org website
    • 1999 – Relocated North Guadalupe branch to Steck Avenue

    • 2000 – Established Wheels 101® program to educate members about auto purchases
    • 2000 – Opened Highway 79 branch in Round Rock
    • 2000 – Expanded field of membership to include 90 select employee groups in addition to UT affiliated groups
    • 2000 – Celebrated E Burton Eubanks retirement
    • 2000 – Appointed Tony Budet, a 15-year UFCU executive, as President/CEO
    • 2000 – Reached $400 million in assets; exceeded 100,000 Members
    • 2000 – Launched second edition of UFCU.org website
    • 2001 – Established Home Economics 101® and College Education 101®
    • 2001 – Established UFCU Financial Services, LLC, a wholly-owned subsidiary of UFCU
    • 2002 – Opened Lakeline branch
    • 2002 – Launched the third edition of UFCU.org website
    • 2002 – UFCU Financial Services added for brokerage and investment services
    • 2003 – Opened Brodie branch
    • 2004 – Established UFCU Members Home Advisor® Credit Union Services
    • 2004 – Established UFCU Insurance Services
    • 2005 – Held first annual UFCU Steps to Cure Cancer 5k Walk/Run in Galveston
    • 2005 – Began offering instant issue debit cards; UFCU first institution in Central Texas to do so
    • 2005 – Launched Shared Branch services
    • 2005 – Named as the lead contributor of funding to renovate Disch-Falk Field by UT Board of Regents in a 15-year agreement; secured naming rights to the facility, UFCU Disch-Falk Field
    • 2005 – Reached $700 million in assets
    • 2006 – Launched the fourth edition of UFCU.org website
    • 2006 – Celebrated 70th anniversary
    • 2006 – Opened University branch, replacing the Dobie Mall branch
    • 2006 – Purchased land at Ben White Boulevard and South Congress Avenue
    • 2006 – Broke ground on UFCU Disch-Falk Field renovation
    • 2007 – Donated $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 – Completed renovation of UFCU Disch-Falk Field
    • 2008 – Opened Ben White branch, which received 5-Star Rating from Austin Energy
    • 2009 – Reached $1 billion in assets

    • 2010 – Established getReal program
    • 2010 – Opened Whitestone branch in Cedar Park
    • 2010 – Opened Mortgage Services facility in Lakeway
    • 2010 – Implemented Mobile Banking services
    • 2011 – Implemented mobile deposits
    • 2011 – Celebrated 75th anniversary
    • 2012 – Introduced ABILITY account
    • 2012 – Relocated Highway 79 branch
    • 2012 – Opened Teravista branch
    • 2012 – Opened Scofield branch
    • 2012 – Opened Pflugerville branch
    • 2012 – Purchased new facility, “UFCU Plaza,” to serve as corporate headquarters
    • 2013 – Participated in Don’t Tax My Credit Union advocacy
    • 2013 – Added Texas State University to UFCU field of membership
    • 2014 – Introduced Member Stories and responsive design with the fifth edition of UFCU.org
    • 2014 – Opened Concordia and Texas State University branches
    • 2014 – Dedicated newly renovated and named UFCU Alumni Gym at St. Edward’s University
    • 2015 – Opened Victory Lakes branch
    • 2016 – Opened San Marcos branch
    • 2016 – Celebrated 80th anniversary
    • 2016 – Added Austin Community College to UFCU field of membership
    • 2016 – Reached $2 billion in assets
    • 2016 – Opened UT Gregory Gym branch
    • 2016 – Named Austin's Top Mortgage Lender by the Austin Business Journal
    • 2017 – Implemented UFCU Mortgage Services app
    • 2017 – Introduced Small Business Administration loans
    • 2017 – Named Austin's Top Mortgage Lender by the Austin Business Journal for second time
    • 2018 – Introduced VA Home Loan program
    • 2018 – Opened Mueller branch
    • PlanU Logo2018 – Launched the PlanU financial education and consulting program
    • 2018 – Named best credit union, best mortgage lender, and best bank in the Austin American-Statesman 2018 Best of the Best Awards
    • 2018 – Named Austin's Top Mortgage Lender by the Austin Business Journal for third time
    • 2019 – Opened Trinity branch
    • 2019 – Named best bank and best mortgage lender in the Austin American-Statesman 2019 Best of the Best Awards
    • 2019 – Named Austin’s top mortgage company and credit union by the Austin Business Journal for the fourth consecutive year.

    • 2020 – Opened Southpark Meadows branch
    • 2020 – Named Austin’s top mortgage company and credit union by the Austin Business Journal for the fifth year in a row
    • 2020 – Opened Kyle branch
    • 2020 – UFCU fosters the “House that Credit Unions Built” with Habitat for Humanity
    • 2021 – Appointed Michael E Crowl, CPA as President
    • 2021 – Named Austin’s top mortgage company and credit union by the Austin Business Journal
    • 2023 – Appointed Michael E. Crowl, a 18-year UFCU executive, as CEO & President
    • 2023 – Opened Georgetown branch
    • 2024 – Opened New Hope branch
    • 2024 – Opened ACC Highland branch
    • 2024 – Opened Kelly Lane branch
    • 2024 – Opened Texas State LBJ branch
    • 2024 – Launched the sixth edition of UFCU.org