Credit unions have evolved since their inception. In the beginning, membership was limited to a select employee group of a company or governmental agency. This limitation worked well for many years until consumer awareness and needs increased for an alternative to banks with costly fees, limited loan options, and high loan rates. Furthermore, as companies experienced merger, acquisitions, or closings, the sponsored credit unions increasingly were exposed to increased risk of closing or mergers as well.
Credit union regulations were updated to allow membership within a geographic area of each branch location. Most Houston area credit unions now offer membership if you work, live, go to school, or worship within a branch area plus if you are employed at the original company that sponsored the credit union.
So if there is a credit union branch in your community, you most likely are eligible to join.
Visit the credit union’s website, call, or drop by a branch to learn more on their specific membership eligibility.