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.
All federally chartered credit unions are insured by the National Credit Union Administration (NCUA), an agency of the federal government. It provides insurance on member accounts up to at least $250,000 per member.
The Board of Directors, Staff and Supervisory Committee wish to thank you for your continued support.