Best Credit Unions in San Angelo, Texas [We Rank Them For You]

Share the wealth!

Trying to decide on a credit union in San Angelo, Texas that’s right for you? We know the feeling.

You’ve most likely debated between going with a traditional bank or a credit union, and you’ve decided that a credit union makes more sense.

We want to make it as easy as possible for you to choose between the credit unions available to you in San Angelo, Texas and nearby.

There are quite a few to choose from, and we’ll help you get to the bottom of it.

Without further ado, let’s get into it!

We rank the best credit unions in San Angelo, Texas

If you’ve decided you want to join a credit union that’s in or near San Angelo, Texas, or one that’s online that you can qualify for while being based in San Angelo, Texas, look no further. We’ve compiled a list of our favorite credit unions that you can apply to.

#1. San Angelo Federal Credit Union

Address: 235 W 1st St, San Angelo, TX, 76903, United States

Services: Checking account, online banking and mobile app, auto loans

How to join: https://www.safcu.com/

#2. Concho Valley Credit Union

Address: 1002 S Abe St, San Angelo, TX, 76903, United States

Services: Checking account, online banking, auto loans

How to join: https://www.conchovalleycu.com/

#3. Texas Trust Credit Union

Address: 2601 Loop 306, San Angelo, TX, 76904, United States

Services: Checking account, online banking and mobile app, auto and mortgage loans

How to join: https://www.texastrustcu.org/

#4. Trans Texas Southwest Credit Union

Address: 3401 Loop 306, San Angelo, TX, 76904, United States

Services: Checking account, online banking, auto loans

How to join: https://www.transtexas.coop/

#5. 1st Community Federal Credit Union

Address: 3505 Wildewood Dr, San Angelo, TX, 76904, United States

Services: Checking account, online banking and mobile app, auto and mortgage loans

How to join: https://1cfcu.org/

Online credit unions you can join from anywhere, including San Angelo, Texas

If you’ve ever considered joining an online credit union that you can qualify for while being based in San Angelo, Texas, we’ve got you. Take a look at our list of top online credit unions you can apply to from anywhere in the US.

Alliant Credit Union

How to join: https://open.alliantcreditunion.com/

Lake Michigan Credit Union

How to join: https://www.lmcu.org/

Bethpage Federal Credit Union

How to join: https://www.bethpagefcu.com/

Digital Federal Credit Union

How to join: https://www.dcu.org/

NASA Federal Credit Union

How to join: https://www.nasafcu.com/

How do you withdraw money from an online credit union?

Online credit unions will often have their own ATM locations nationwide, but even if they don’t have any near you, you can always go to an out-of-network ATM and get your ATM surcharges reimbursed by your online credit union. Details vary, but your online credit union may reimburse all of your charges, charges up to a certain dollar amount, or something in-between.

What is a credit union?

Credit unions are a non-profit alternative to banks. They can give you a federally insured account and access to ATM groups across the country. But they tend to be smaller than banks and may not have as many ATMs available.

Because they’re smaller and run as non-profits, credit unions tend to take each and every client account more seriously. That translates to better perks and benefits for members.

In fact, in many ways, credit unions and banks can be considered very similar. Both mostly offer the same basic services, allowing you to open a checking account and a savings account. Additionally, you can get mortgage loans, car loans, and investment products such as CDs and IRAs from both.

What should I be looking for in a credit union in San Angelo, Texas?

There are several characteristics that a credit union should be offering for their clients, especially in comparison with traditional bank options. Let’s go over them below:

  • Fewer account fees
  • No minimum balance requirements
  • Higher savings rates
  • Lower loan rates
  • Free online banking with bill pay
  • Surcharge-free ATMs and/or refunds on non-network ATM fees
  • NCUA-insured, which provides federally backed insurance on up to $250,000
  • Great customer service

What is the difference between a credit union and a bank?

The difference mainly resides in the fact that credit unions are run as non-profit organizations, while banks are for-profit organizations. In a credit union, any profit goes right back its members’ pockets, while at a bank, profits go straight to shareholders of the institution.

Plus, memberships are generally required for credit unions whereas banks are open to anyone to join.

How much does it cost to open a credit union account in San Angelo, Texas?

The fee to become a member of a credit union and open an account is generally between $5 to $50, depending on which credit union you decide to join.

Should you choose a credit union over a bank in San Angelo, Texas?

It varies by individual, but generally, credit unions are preferred by many because they are non-profit and owned by its individual members. They literally exist to serve their members.

If there is one near you, we think it could be a great idea. It’s worthwhile to at least check them out.

By becoming a member of a credit union, you effectively get voting rights. You and others like you will do your best to make sure that any profits made by the credit union get returned back to the members in some form, whether it be better savings rates, fewer fees, or better loan rates.

Pros and cons of credit unions: The pros

Pros

  • Credit unions are non-profit, so they aren’t incentivized to nickel and dime you
  • Federally insured by the NCUA (National Credit Union Administration)
  • Better loan rates and less stringent requirements to qualify
  • Individualized and more personal customer service
  • Lower or no account minimums

Pros and cons of credit unions: The cons

Cons

  • Becoming a member requires meeting eligibility requirements
  • Mobile credit union apps aren’t usually as advanced as bank apps
  • Not as many ATMs available, but many credit unions refund you ATM charges
  • Credit unions vary from each other quite widely in their range of offered services

Who can join a credit union in San Angelo, Texas?

While some people think that you need to be active-duty military or work for the government to join a credit union, that’s not the case for most credit unions.

Each credit union has their own criteria for membership, but common qualifications you might find for membership include:

  • Your employer (certain employers sponsor their own credit unions)
  • Having a family member in a credit union already
  • Where you live
  • Where you work
  • Where you attend school
  • Being a part of a labor union
  • Being a part of a homeowner’s association
  • Where you go to church

If you’re interested in a particular credit union on our list, be sure to check out their criteria for membership qualification. Each institution varies.

Can kids join a credit union in San Angelo, Texas?

If you have kids, chances are that the credit union does have some accounts or services that your kid can partake in. You probably won’t be able to secure them any credit cards, but if they are interested in savings or checking accounts, it may be a possibility.

In conclusion

If you live in San Angelo, Texas, you’ve got quite a few options in terms of credit unions to join. Most or all generally allow you to qualify simply by living in the area you’re in.

To recap, here are our top credit union choices if you’re located in San Angelo, Texas:

  1. San Angelo Federal Credit Union
  2. 1st Community Federal Credit Union
  3. Texas Trust Credit Union
  4. Concho Valley Credit Union
  5. Trans Texas Southwest Credit Union

And don’t forget, you always have some online credit union choices as well:

  1. Alliant Credit Union
  2. Lake Michigan Credit Union
  3. Digital Federal Credit Union
  4. NASA Federal Credit Union

Are you a member of one of these credit unions? If so, what’s your experience like with them? Let us know, we’d love to hear from you!