How To Become A Member Of CTECU
Joining is easy:
Contact us to receive a Membership Packet:
- Email: mail@ctecu.org
- Call: 713-432-0038
- Drop by our office(s)
A minimum deposit of $5 is required to establish a share account. This $5 minimum deposit is considered your par value share in the Credit Union. It enables you to have a vote at the annual meeting. (No minor may vote until attaining the age of 16. No minor may become a Director or Committee member until attaining the age of 18.)
Benefits of Membership:
- Lower loan rates and higher savings rates than banks and other financial institutions
- Low cost checking/share draft ($300 minimum balance to earn dividends, no per check charge)
- Funds are insured up to $250,000 per account.
- Earnings are returned as dividends or reinvested in the Credit Union to benefit the membership
- As a member of CTECU, you are part owner of this financial institution
- Your membership entitles you to a voice in how this credit union is run
In February of each year, our annual meeting is held in which members elect a volunteer Board of Directors from among the membership to oversee the operation and direction of the Credit Union. Each member gets one vote regardless of the amount of money that member may have deposited. (No minor may vote until attaining the age of 16. No minor may become a Director or Committee member until attaining the age of 18.)
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you.
We may also ask to see your driver’s license or other identifying documents.
