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Texas Community FCU Celebrates 80 Years
Tuesday, January 31, 2017 7:00 AM

Texas Community FCU

This year, Texas Community Federal Credit Union will celebrate their 80-year milestone. With the 80th anniversary in mind, plans are underway to celebrate throughout the year.

The first celebratory event will be held during the 80th annual meeting of the membership on Feb. 9, 2017, at Texas A&M University Kingsville. In addition to the traditional business at hand, the grand event will include a slideshow of historical photos, a theme reminiscent of the era, dinner, entertainment, and door prizes.

We at Cornerstone offer our congratulations for reaching such a venerable milestone, and we share with our readers the following bit of history on this well-loved credit union.

On Jan. 4, 1937, Harry Hamilton and cohort employees of Missouri Pacific Railroad were granted a credit union charter from the governor of the Farm Credit Administration to establish Missouri Pacific Kingsville Employees FCU for the railroad employees of South Texas. Hamilton became the first treasurer of Missouri Pacific Employees FCU and was one of 10 charter members, who had each deposited $2.50 to secure approval of the charter. At the end of the first month, assets totaled $340.05, including $150 in loans and $190.05 in deposits. Membership grew quickly to 70. 

The credit union continued its evolution to more effectively serve a membership that had reached 70. One transition occurred on Nov. 27, 1978, when a change was approved by the National Credit Union Administration to change the name to Kingsville Community FCU, in service to the Kingsville area. This name change was warranted, as a merger with Kingsville Kleberg County Government Employees FCU was authorized by all officials of both credit unions, bringing 437 members to the Kingsville Community FCU family.

To better serve the membership, in April 2006, the main office at 509 East King Street was relocated to 605 East Caesar Avenue. The credit union occupied a 6,000-square-foot building situated on 1.83 acres of land, which positioned the credit union to support future opportunities in service and growth. 

After months of working with the Office of Consumer Protection Field of Membership team, Kingsville Community FCU was approved for charter expansion into Jim Wells, Brooks, Kenedy, and Kleberg counties on Feb. 5, 2016. Pursuant to this approval of FOM expansion, in May 2016 the board of directors passed an amendment to change the name of the credit union to Texas Community Federal Credit Union.

Today, Texas Community is 2,045 members strong with share deposits of $13,512,890, $11,067,422 in loans, and total assets of $15,758,508.91.

Today's employees are dedicated to continuing the legacy of their founders. They'll celebrate all year long, focused on their mission of service to their membership and communities. Texas Community Federal Credit Union, “Here to Serve.”

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