Credit union · NCUA insured
Educators Credit Union
A $604M credit union headquartered in Waco, TX, with 27,453 members and 8 branches in Texas. Best rates: CDs 2.53% and savings 1.11% APY.
Educators Credit Union Carrot Score
85
Carrot Score
Higher than 70% of U.S. banks and credit unions
#3 of 19 in Waco, TX metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Educators Credit Union
Founded in 1938 as McLennan County Teachers Federal Credit Union, Educators Credit Union began when ten teachers pooled $60.
Based in Waco, Texas, the credit union expanded membership in 2005 to serve anyone in the broader community.
Today, it operates seven locations serving Central Texas.
- Headquarters
- 501 W STATE Highway 6, Waco, TX 76710-5589
- NCUA charter
- 67611
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to individuals who live, work, worship, or attend school in McLennan, Bell, Bosque, Hill, Falls, Coryell, Hamilton, Lampasas, or Limestone County.
Family and household
- Membership is open to individuals who have an immediate family member currently a member of Educators Credit Union.
Branches
8 branches in Texas
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Texas
8 branches
Waco area · 6
- MainMain office501 W STATE Highway 6, Waco, TX 76710Directions
- Hewitt501 S Hewitt Dr, Hewitt, TX 76643Directions
- Robinson641 N ROBINSON Dr, Robinson, TX 76706Directions
- Lakeshore2400 Lake Shore Dr, Waco, TX 76708Directions
- Tstc100 BOLLING Dr, Waco, TX 76705Directions
- Trojan Branch3201 S New Rd, Waco, TX 76706Directions
Killeen area · 2
- Copperas Cove201 E Robertson Ave, Copperas Cove, TX 76522Directions
- Gatesville306 S LOVERS Ln, Gatesville, TX 76528Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 20.32% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.17% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 2.33% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $28 | $76 | — |
- CapitalNet worth ratio20.32%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.17%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets2.33%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$28Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Educators Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.