Accounts Remain Protected by Share Insurance Fund; Member Services Uninterrupted
ALEXANDRIA, Va. (March 26, 2021) – The Texas Credit Union Department today took possession of Edinburg Teachers Credit Union, located in Edinburg, Texas, and appointed the National Credit Union Administration as conservator.
Member deposits at Edinburg Teachers Credit Union remain protected by the National Credit Union Share Insurance Fund. Administered by the NCUA, the Share Insurance Fund insures individual accounts at Edinburg Teachers Credit Union up to $250,000, and a member’s interest in all joint accounts combined up to $250,000. The Share Insurance Fund also separately protects IRA and KEOGH retirement accounts up to $250,000. The Share Insurance Fund has the backing of the full faith and credit of the United States.
Member services will continue uninterrupted at the credit union’s main office at 900 West University Drive, Edinburg, Texas. Members can continue to conduct normal financial transactions, deposit and access funds, make loan payments, and use shares. The office is open Monday through Friday from 8 a.m. to 5 p.m. and Saturday 8 a.m. to 1 p.m. Central.
Members with questions about Edinburg Teachers Credit Union’s operations may contact the credit union at 956.259.3511. Members with questions about the conservatorship may review the Edinburg Teachers Credit Union frequently asked questions posted on the NCUA’s website. They can also contact the NCUA’s Consumer Assistance Center at 800.755.1030, Monday through Friday from 8 a.m. to 5 p.m. Eastern.
Members with questions about their Share Insurance Fund coverage can find more information in the Share Insurance Coverage (opens new window) section of NCUA’s MyCreditUnion.gov (opens new window) consumer website. They can also contact the NCUA’s Consumer Assistance Center (opens new window).
Edinburg Teachers Credit Union is a federally insured, state-chartered credit union with 12,572 members and assets of $106,218,446, according to the credit union’s most recent Call Report. Edinburg Teachers Credit Union serves several education-based and other employee groups as well as their family members.