# UFCU

> University Federal Credit Union is an Austin-based, member-owned financial cooperative offering personal and business banking, lending, digital tools and financial guidance. Founded in 1936, it reported 438,632 members and $4.235 billion in assets on September 30, 2026. Its proposed combination with MSU Federal Credit Union remains subject to approvals.

- **Founded:** 1936
- **Headquarters:** Austin, United States
- **Products:** Free Checking, Simply U, Credit Builder Loan, Credit Coach, Home loans
- **Notable:** Grew from 30 members and $855 in opening deposits in 1936 to 438,632 members and $4.235 billion in assets at September 30, 2026., Introduced online banking in 1995 and mobile banking in 2010., October 2026 announcement describes 30 branches and more than 800 employees.

## Products & services

- **Free Checking** — Everyday checking with no monthly service fee or minimum balance; digital banking and a fee-free ATM network.
- **Simply U** — A spend-only-what-you-deposit account with no monthly service fee, no overdraft fees and no check writing.
- **Credit Builder Loan** — Loans of $500-$2,500 over 6-24 months; held funds are released after repayment and monthly payments are reported to three major credit bureaus.
- **Credit Coach** — Free digital credit guidance powered by Credit Mountain; some optional third-party services cost extra.
- **Home loans** — Conventional, FHA, VA, first-time buyer, renovation and other mortgage options, subject to eligibility.
- **Auto loans** — Vehicle purchase and refinancing loans, subject to credit eligibility.
- **Savings and certificates** — Savings, money market, certificates and IRA options.
- **Business banking** — Business deposit accounts, cards, equipment loans, working capital loans and lines of credit.
- **Investment and insurance services** — Investment services through CUSO Financial Services and insurance offerings; investment products carry separate risks.
- **Mobile Branch** — Traveling branch with account services, instant-issue debit cards, ATM services and financial education.
- **Online Banking** — Remote account access introduced as Computer Banking in 1995.
- **Mobile Banking** — Mobile banking introduced in 2010, followed by mobile deposits in 2011.

## Achievements

- Grew from 30 members and $855 in opening deposits in 1936 to 438,632 members and $4.235 billion in assets at September 30, 2026.
- Introduced online banking in 1995 and mobile banking in 2010.
- October 2026 announcement describes 30 branches and more than 800 employees.
- Launched a Spanish-language website in 2025.

## Latest updates

- **2026-10** — Announced a planned MSUFCU combination representing more than 850,000 members and $13.5 billion in combined assets. Each institution continues independently until completion; expected summer 2027 subject to approvals.
- **2026-10** — Announced Michael Hand as Vice President, Digital, a newly established leadership role.
- **2026-09** — Announced its first Temple branch, inside the Temple College Student Union.

## Links

- Website: https://ufcu.org/
- LinkedIn: https://www.linkedin.com/company/ufcu
- Twitter/X: https://twitter.com/ufcu
- YouTube: https://www.youtube.com/@ufcutx
- Instagram: https://www.instagram.com/ufcu_tx/
- Facebook: https://www.facebook.com/UFCUtx

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Profile page: https://yespress.io/ufcu
Published by YesPress — https://yespress.io
Last updated: 2026-10-27