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Our History

 

 

History 

Members Financial FCU was federally chartered in 1940 and began providing a very limited array of financial services to a handful of employees at Shell Oil Company here in the Permian Basin. In 2008, we acquired Sid Richardson CU and we continue to grow. Offering many products and services, Members Financial FCU is now YOUR community credit union. 

 

Why Credit Unions are Special and Different from Banks

Credit unions are uniquely different from banks because credit unions are not for profit financial institutions cooperatively owned and operated by its Members. Each Member is an equal owner and each has one vote in electing a volunteer board of directors. Credit unions can often offer more favorable rates and lower fees for services since they are not for profit. When you make the decision to become a Member of a credit union, you are becoming an owner.

 

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