TFCU History

On the 30th of April, 1947, Government Agencies Dallas Federal Credit Union was federally chartered with seven original members of its volunteer Board of Directors.

During its history, the credit union has undergone three name changes. The name last changed in 1985 to Texas Federal Credit Union. Beginning with a little over $10,000 in assets, TFCU has grown to over $62 million in assets today.

The original members had a vision for a financial institution where its members could participate in the activities of borrowing and loaning money from and to each other in a cooperative spirit. The credit union motto of "People Helping People" was the underlying driving force behind the organization of our credit union and the philosophy of its original volunteers.

So it is today, and so it has been throughout its history. From the member who needed to borrow $20 in 1947, to the member who, today, borrows $20,000 for the purchase of a new automobile...the concept is still the same. The credit union spirit is what sustains us as a family of members, from the borrowers, the savers, the staff and (still) volunteer Board of Directors...people who help other people.

"Putting Members First". It is indeed a concept to which those who serve you at your credit union are completely committed. We have exemplified that commitment to your financial success for over fifty years, and we will continue to carry that commitment into the next millennium and beyond.

The Board of Directors, Staff and Supervisory Committee wish to thank you for your continued support.