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Financial Report
BOARD of DIRECTORS 2009 / 2010
Cheryl McGaughey, Chairman of the Board
Julia Rogge, Vice Chairman
Robert Markell, Secretary
Dr. James Forbes, Treasurer
Mickey Russell
Greg Pecina
Dr. Grady Blount
Eddie Salcido
Darlene Good
SUPERVISORY COMMITTEE
Sarah Roeder, Chairman
Marilyn Allums
Royce Sprott
Richard Gonzalez
Steve Van Hoozer
Cheryl McGaughey, Board Liaison
| Financial Report Information Coming Soon |
Share Savings
Money Market Savings
Share Draft (Checking)
CDs
IRAs
Coverdell ESA's
MEMBERSHIP ACCOUNTS |
SUPER MONEY MARKET SAVINGS ACCOUNT VARIABLE RATE ACCOUNT |
Value |
Advantage |
Choice |
Business |
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| Minimum Opening Deposit | $25.00 |
$25.00 |
$25.00 |
$500.00 |
| Minimum Daily Balance | None |
None |
None |
$500.00 |
| Monthly Service Fee | $1.00 No fee with E-Statements |
$3.50 No fee to members 65 or over |
$6.00 |
$10.00 |
| Unlimited Check Writing |  |
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| 24-Hour Access to
Checks & Balances (Telephone Teller) |
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| 24-Hour Access to E-Branch Plus | |
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| 24-Hour E-Statements | |
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| Free ATM or Debit Card ** | |
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| Free Business Debit Card | |
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| Free Direct Deposit & Payroll Deposit Transfers |
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| Overdraft Transfers | |
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| Overdraft Protection With Line of Credit Loan ** |
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| Up to $400 Overdraft Courtesy Pay (With Direct Deposit) |
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| Dividends Paid * | On Balances $200 and over |
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| Free Two Boxes of Checks Per Year (Concho Educators FCU Branded) |
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| Free Bill Pay | |
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| Merchant Card Services (Available through Partnership with TermNet®) learn more |
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* Dividends are set the last month of each quarter by the Board of Directors For more information please stop by one of our offices or contact Member Services at 325-944-4551 ________________________________________________________________________________________ |
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Overdraft Courtesy Pay When items try to clear an account with insufficient funds, Overdraft Courtesy Pay will pay each item up to the overdraft limit. Should you use Overdraft Courtesy Pay, the item will be paid and your account will be charged a fee for each item. This is the same fee we charge for insufficient-fund checks that are returned unpaid (See Rate & Fee Schedule). Overdraft Courtesy Pay Privilege is not a line of credit. If you have overdraft protection already set up to come from another account or from a line of credit loan, these services will be accessed before the Overdraft Courtesy Pay is used. If you do not have these overdraft protection alternatives or there is not enough funds available in them to cover the item, the Overdraft Courtesy Pay will normally cover your overdraft (including the fee for each item) up to $400, and your account will show a negative balance. If the amount exceeds $400, the item will be returned unpaid, and an insufficient funds fee will be charged to your account. You must bring your account to a positive balance at least once every 30-day period. |
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Certificates of Deposit are a great way to make your money grow! There are no fees to open a CD with Concho Educators FCU, dividends are paid and deposited to your CD in a monthly basis, or we can set up your CD to:
Once a CD is opened it is locked-in at your opening rate, all CD rates are fixed and there can not be any other deposits made to your CD Account (excluding dividends) until maturity date. You can choose from the following types of CDs:
Please see our "Rates / Fees" page to see our current rates. A $500.00 minimum deposit required to open a CD. Come by one of our offices today and speak with a Member Service Representative to find out more! |
Traditional and Roth IRAs Can Help You Hold on to More of Your Money!
Traditional and Roth IRAs are personal savings plans that allow you to keep more money for yourself and pay less to Uncle Sam.
The main question to consider is: Do you want to save on taxes now or when you retire?
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Traditional IRA | Roth IRA | |
If you want to save on taxes now, choose a Traditional IRA. |
If you want to save on taxes when you retire, choose a Roth IRA. |
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Traditional IRAs make sense if you want a tax deduction now or if you think you'll be in a lower tax bracket when you retire. |
Roth IRAs are a good fit if you don't need the tax break now. If flexibility is what you need, consider a Roth IRA. A Roth IRA is a more flexible investment because:
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Give Your Child the Gift of Education
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Seeing a child work toward a college degree is a parent's dream. But with rapidly escalating costs of higher education, this dream can become a financial nightmare. A Coverdell Educational Savings Account (ESA) can help parents sleep at night. The main benefits of a Coverdell ESA include:
This information provides answers to your questions and can help you decide whether or not a Coverdell ESA is a good choice for you and your family.
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| What is a Coverdell Education Savings Account (ESA)? | The Taxpayer Relief Act of 1997 created the Education IRA, now known as the Coverdell ESA. Its sole purpose is to help you pay for your child's education expenses, such as tuition, fees, books, supplies, equipment, and in some cases, room and board and computers. These options were improved by the Economic Growth and Tax Relief Reconciliation Act of 2001. |
| How does a Coverdell ESA work? | Contributions to a Coverdell ESA are never tax-deductible. However, a Coverdell ESA offers you the potential for tax-free withdrawals - including earnings. Here's a look at how your money can grow in a Coverdell ESA:
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| What is the most I can contribute to a Coverdell ESA? | The total contributions each year to each child's Coverdell ESA cannot exceed $2,000. If you're eligible, you can contribute the full amount for each child. For example, if you have three children and each has his or her own Coverdell ESA, you can contribute $6,000 ($2,000 to each ESA). |
| Who is eligible to open and contribute the full amount to a Coverdell ESA? | You can contribute the full amount if you are a:
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| What happens if my (our) income is too high to make the full contribution to a Coverdell ESA? | You can make contributions of less that the full amount if you are a:
If your income exceeds these amounts, you cannot make a regular Coverdell ESA contribution for that year. |
| How long can I contribute to the account? | You can make contributions to a child's Coverdell ESA until he or she reaches the age of 18. This age limit does not apply to special needs beneficiaries. This is a person who requires additional time to complete his or her education because of a physical, mental or emotional condition (including a learning disability). |
| As a parent, am I the only one who can open and contribute to a Coverdell ESA for my child? | No. Anybody who meets the income requirements can open and contribute to your child's Coverdell ESA. This includes grandparents, aunts and uncles, family friends and anyone else who wants to pitch in to your child's education fund. Corporations, tax-exempt organizations and other entities can also make Coverdell ESA contributions, and there are no income limits on these contributors. However, the total annual contributions to all Coverdell ESA's for each child can't exceed $2,000. |
| Who controls the account? | Every Coverdell ESA must have one, and only one, "responsible individual" to oversee the account. This person decides when funds will be withdrawn and if and when funds will be rolled over to the Coverdell ESA of a family member. You can be the "responsible individual" as long as you are a parent or legal guardian of the child. The child can serve as the responsible individual after becoming an adult. |
| When can I withdraw fund from a Coverdell ESA? | As the responsible individual, you can withdraw funds at any time. However, to avoid tax consequences from the withdrawal, you must use the funds to pay for qualified education expenses for your child (the ESA's designated beneficiary) before he or she reaches age 30 (except that the age 30 limit does not apply to a special needs beneficiary). |
| What educational expenses are considered to be "qualified"? | Qualified expenses include tuition, fees, books, and equipment required for enrollment or attendance at nearly any post-secondary educational institution (public, nonprofit or proprietary). Certain room and board expenses also may qualify. Qualified expenses also include these same expenses for elementary and secondary education, and the purchase of computer technology or equipment that is used by the beneficiary and the beneficiary's family while the beneficiary is in school. |
| What happens if my child doesn't use the funds? | If your child (the designated beneficiary of the ESA) decides not to go to college or leaves school before all the funds are withdrawn, you can roll unused funds into the Coverdell ESA of another child in your family. The beneficiary of the Coverdell ESA who receives the unused funds must be under the age of 30 (except that the age 30 limit does not apply to a special needs beneficiary). |
| Who is considered a family member for the purposes of a rollover? | Family members of the designated beneficiary who are eligible to receive unused funds include (but are not limited to) spouses, siblings, step siblings, nieces, nephews, first cousins, parents, aunts, uncles, grandparents, children and grandchildren. Of course, some of these categories will be eliminated immediately, since the new designated beneficiary must be under the age of 30 at the time of the rollover (except that the age 30 limit does not apply to a special needs beneficiary). |
| What if my child earns an academic scholarship and the tuition is waived? | The amount of scholarship money your child receives is deducted from the allowable expenses for the Coverdell ESA. For example, if qualified expenses total $6,000 and your child receives a scholarship for $3,000, you can make a qualified withdrawal of $3,000 from the Coverdell ESA. Remember that unused funds can always be rolled over into the Coverdell ESA of a family member. |
| Can I roll funds from a Traditional or Roth IRA into a Coverdell ESA? | No, rollovers from a Traditional or Roth IRA into a Coverdell ESA are not allowed. |
| How does the Coverdell ESA affect other education savings incentives? | Contributions can be made on behalf of the same child to both a Coverdell ESA and a qualified state 529 plan. A person can also receive tax-free distributions from a Coverdell ESA in the same year he or she claims the Lifetime Learning or HOPE Scholarship tax credits, but the same expenses cannot be used for more that one of these tax benefits. |
| If I contribute to a Coverdell ESA, can I still contribute to a Traditional or Roth IRA? | Contributions to Traditional or Roth IRAs have no effect on the contributions you can make to each Coverdell ESA. |
| Don't Traditional and Roth IRAs allow me to withdraw funds for education expenses? | Traditional and Roth IRAs do offer penalty-free withdrawals for qualified higher-education expenses, but you may still need to pay taxes on those withdrawals. In contrast, withdrawals from a Coverdell ESA are both tax-free and penalty-free if used for qualified education expenses. |
| What is the deadline for making a Coverdell ESA contribution? | The deadline for making a Coverdell ESA contribution is the tax return deadline for the year for which the contribution is being made (usually April 15 of the following calendar year) not including extensions. |
For more information please visit one of our offices and speak with a Member Services Representative.
$500.00 Minimum deposit required to open a Coverdell ESA.
Vehicle
Personal
Student
CreditCard
Mortgage & Home Equity
Products & Services
Whether it is a car you need, that motorcycle you always wanted or any other recreational vehicle, we can help!! Click here to download application (pdf).
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To obtain on-line information on your MasterCard® with Concho Educators click here. 
To report your MasterCard® Credit Card lost or stolen call: 1-800-442-4757
To report your MasterCard® Debit Card lost or stolen call: 1-866-664-9364
Concho Educators Federal Credit Union offers the following types of MasterCards
MasterCard® |
MasterCard® Gold |
ASU RAM MasterCard® |
No Annual Fee |
No Annual Fee |
No Annual Fee |
25 Days Grace Period |
25 Days Grace Period |
25 Days Grace Period |
12.80% APY |
9.90% APY |
12.80% APY |
Fixed APY |
Fixed APY |
Fixed APY |
No Cash-Advance Fees |
No Cash-Advance Fees |
No Cash-Advance Fees |
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Let us help protect your new purchase and investment!!! |
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Guaranteed Asset Protection
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Concho Educators Federal Credit Union offers many types of extended warranties through: |
Closing the gap in protecting your current and future vehicle investment. |
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Route 66 Extended Warranty |
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Click on image for more information |
Click on image for more information |
Deposit Accounts
Personal & Vehicle Loans- Mortgage Loans
- Credit Cards
Fee Schedule
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TRUTH AND SAVINGS RATES |
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Term Share Certificates |
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Effective - January 19, 2010 |
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***INTEREST RATES SUBJECT TO CHANGE WITHOUT NOTICE*** |
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| Regular Certificate (Interest Compounded Monthly) | |||
| Minimum Deposit $500.00 | |||
| Certificate Type | Dividend Rate |
APY |
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| 6 Month | 1.243% |
1.25% |
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| 7 Month | 1.243% |
1.25% |
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| 1 Year | 1.490% |
1.50% |
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| 2 Year |
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1.75% |
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| 3 Year | 1.982% |
2.00% |
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| 4 Year | 1.982% |
2.00% |
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| 5 Year | 1.982% |
2.00% |
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| New Certificate $10,000.00 Minimum New Funds | |||
| 9 Month | 1.490% |
1.50% |
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| Choice Checking Certificate Special $1,000.00 Minimum Deposit | |||
| 90 days to 2 years | 1.736% |
1.75% |
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| Jumbo Certificate (Interest Compounded Monthly) | |||
| Minimum Deposit $90,000.00 | |||
| 6 Month | 1.342% |
1.35% |
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| 1 Year | 1.638% |
1.65% |
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| 2 Year | 1.834% |
1.85% |
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| 3 Year | 2.080% |
2.10% |
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| Individual Retirement Account Certificate (Interest Compounded Quarterly) | |||
| Minimum Deposit $500.00 | |||
| 1 Year | 1.492% |
1.50% |
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| 2 Year | 1.739% |
1.75% |
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| 3 Year | 1.985% |
2.00% |
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| Share (Savings) Account Rates | |||
| Primary Share (Savings) | 0.150% |
0.15% |
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| Willie Wise Share | 0.150% |
0.15% |
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| Special Share (Savings) | 0.150% |
0.15% |
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| Trust Share | 0.150% |
0.15% |
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| Organization Share | 0.150% |
0.15% |
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| *Share Rates will be Declared by the Board of Directors each quarter* | |||
| Share Draft (Checking) | |||
| Advantage | 0.150% |
0.15% |
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| Choice | 0.250% |
0.25% |
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| *Share Draft Rates will be Declared by the Board of Directors each month* | |||
| Super Money Market Account | |||
| $2,500.00 - $9,999.99 | 0.75% |
0.75% |
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| $10,000.00 - $24,999.99 | 1.00% |
1.00% |
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| $25,000.00 - $49,999.99 | 1.24% |
1.25% |
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| $50,000.00 and UP | 1.49% |
1.50% |
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| *SMMA Rates will be Declared by the Board of Directors each month* | |||
Please check with one of our loan officers for current rates!! |
Fair Credit and Charge Card Disclosure |
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| ANNUAL PERCENTAGE RATE |
OTHER APR's | GRACE PERIOD REPAYMENT OF BALANCE FOR PURCHASES |
METHOD OF COMPUTING THE BALANCE FOR PURCHASES |
ANNUAL FEE |
MINIMUM FINANCE CHARGE |
LATE PAYMENT FEE |
OVER CREDIT LIMIT FEE |
RETURNED CHECK FEE |
MasterCard® Gold |
Balance Transfer or Cash Advance MasterCard® and RAM MasterCard® Gold Penalty APR |
If your account is paid in full by the due date shown on the previous monthly statement, or if there is no previous unpaid balance, you have 25 days to repay your account balance before finance charge on current purchases is imposed. | Average Daily Balance (including new purchases) | None | None | If you DO NOT pay your minimum payment within 10 days following your payment due date, you may be charged a late fee equal to 5% of the minimum payment due. | $27.00 if your outstanding balance exceeds $25.00 of your assigned credit limit on any billing cycle closing date | $27.00 per check or other instrument for payment returned unpaid. |
| * If at any time an account is 90 days or more past due, the rate will increase to a daily periodic rate of 0.049041%, corresponding to an ANNUAL PERCENTAGE RATE of 17.9%. The information about the costs of the card described in this Application and Agreement is accurate as of December 1, 2007. This information may have changed after that date. To find out what may have changed, write to us at Concho Educators Federal Credit Union, P.O. Box 60976, San Angelo, Texas 76906-0976, or call us at 325-223-9192 | ||||||||
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| Member Services | ||||||
| New Membership | No Fee | |||||
| Account Closure Fee - Checking & Savings | $15.00 | If closed within 90 days of opening | ||||
| Check Orders (Personalized Checks) | $15.80 + | Depending on style of checks | ||||
| Excessive Opening of Account(s) | $15.00 | |||||
| IRA / HSA Enrollment Fees | $5.00 | |||||
| IRA / HSA Monthly / Annual Fees | No Fee | |||||
| IRA / HSA Direct Transfer Fees - Incoming | No Fee | |||||
| IRA / HSA Direct Transfer Fees - Outgoing | $25.00 | Each Account | ||||
| Safe Deposit Box - Annual Fee | Effective 04-01/2010 | |||||
| --..---- 3 X 5 | $20.00 | |||||
| .-.----- 5 X 5 | $25.00 | |||||
| --..---- 5 X 10 | $30.00 | |||||
| ------ 10 X 10 | $50.00 | |||||
| Safe Deposit Box - Drill Box | $100.00 | Per occurrence | ||||
| Safe Deposit Box - Duplicate Key Made | $20.00 | Each | ||||
| CHECKING ACCOUNTS | ||||||
| --- Value Checking | $1.00 | Per month, Free with E-Statements | ||||
| --- Advantage Checking | $3.50 | Per month, Free age >65 | ||||
| --- Choice Checking | $6.00 | Per month | ||||
| --- Small Business Checking (DBA) | $6.00 | Per month | ||||
Electronic Services |
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| ACH Electronic Credit Transfer - Initiated through E-Branch Plus | $2.00 | Per transaction | ||||
| ACH Electronic Debit Transfer - Initiated through E-Branch Plus | $5.00 | Per transaction | ||||
| ATM, Debit Card, Credit Card - Initial Order | No Fee | |||||
| ------ 1st Replacement | $2.00 | Each | ||||
| ------ 2nd Replacement | $5.00 | Each | ||||
| ATM Transactions at Concho Educators ATMs | No Fee (If using any CEFCU card) | |||||
| ATM Transactions at Other Financial Institutions | $0.75 (+ ATM Operator Fees) | |||||
| Point-of Sale Transactions (POS) | No Fee | |||||
| Automated Overdraft Transfers (Checking) | $1.00 | Per transaction | ||||
| Electronic Bill Pay | $6.00 | Per month (Included w/ Choice Checking) | ||||
| E-Branch Plus - Internet Access | No Fee | |||||
E-Statements |
No Fee | |||||
| Foreign Cards at CEFCU ATMs | $1.75 | Per transaction | ||||
| Checks & Balances - Telephone Access | No Fee | |||||
Teller Services |
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| Cash Advance - CEFCU MasterCard | No Fee | |||||
| ------------------------- - All Other Cards | 1% of transaction amount, $2.00 minimum | |||||
| Coin Fee (Loose or Rolled) - Coin Machine | 3% Members, 10% Non-Members | |||||
| Gift Cards (MasterCard) | $2.50 | Each | ||||
| Mail Receipt From Night Depository / Telephone Transfer | $1.00 | Per receipt mailed | ||||
| MasterCard Payments Made at CEFCU | $5.00 | Per transaction | ||||
| Night Depository | No Fee | |||||
| Teller Checks | $2.00 | Each | ||||
| Teller Checks - Choice Checking Account holders | $1.00 | Each | ||||
| Temporary Checks | $1.00 | Per set of 4 | ||||
Accounting Services |
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| Account Activity Printout | $1.00 | Per printout | ||||
| Account Balancing Assistance / Account Research | $20.00 | Per hour (1 hour minimum) | ||||
| Check Copy | $3.00 | Each | ||||
| Courtesy Pay Fee | $27.00 | Per item (ACH, Checks, ATM, Debit Cards) | ||||
| Non-Sufficient Fund Fee | $27.00 | Per item (ACH, Checks, ATM, Debit Cards) | ||||
| Dormant / Inactive Fee - Annual (Jan 1 - Dec 31) | $5.00 | Per year per account | ||||
| Excessive Share Transfers - Reg D Violations | $1.00 | Per item (After 6 transfers per month) | ||||
| Notice of Levy or Collection Items | $20.00 | Per item or notice | ||||
| Outgoing or Incoming FAX | $1.00 | Per page | ||||
| Quarterly Statement Fee - Mailed | $1.00 | Per page | ||||
| Return Deposit / Check Fee | $3.00 | Per item | ||||
| Return Deposit / Check Fee - Abuse or Self | $30.00 | Per item | ||||
| Return Mail Fee | $2.00 | Per item / notification | ||||
| Statement Copy | $3.00 | Per statement | ||||
| Stop Payment Fee | $25.00 | Per check series | ||||
| Wire Transfers - Incoming | No Fee | |||||
| -------------------- - Outgoing Domestic | $20.00 | Each | ||||
| -------------------- - Outgoing International | $40.00 | Each | ||||
Lending Services |
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| Credit Card Balance Transfer Fee - Online | 1% or $10.00 minimum | |||||
| GAP Insurance | $225.00 | |||||
| Loan Extension Fee | $15.00 | Per extension | ||||
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Application For: Mortgage Loan |
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Application For: Employment with |
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Application For: Home Equity Loan |
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Application For: Home Improvement Loan |
Lost or Stolen Credit Card: Lost or Stolen Debit Card: |
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 Notary Services |
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Below you will find some of the most common words and terms used at Concho Educators. Savings (Share Accounts) Savings IDs (Share IDs) Checking Accounts (Draft Accounts) Check Numbers (Draft Numbers) Checking IDs (Draft IDs) Loan IDs
E-Branch Plus is designed to provide you and your family with secure and easy access to your Concho Educators Federal Credit Union accounts over the internet. E-Branch Plus is open 24 hours a day, 7 days a week. To access E-Branch Plus, you must be a member of Concho Educators Federal Credit Union and be enrolled in our system. You can use E-Branch Plus Banking to:
E-Branch Plus employs industry leading security features to ensure that all of your transactions are conducted with the highest possible privacy and protection. All data is encrypted using 128-bit encryption, the strongest form available, and transferred via the Secure Sockets Layer (SSL) protocol between you and your Credit Union.
E-Statements are electronic copies of your account statement saved in pdf format to view, print or download from online. In order to receiver an electronic statement, you must provide us with your e-mail address. If you change your e-mail address, you must notify us of the change in order to receive future electronic statements and you must include your old e-mail address. You have the right to receive a paper copy of any of your periodic statements if applicable law specifically requires us to provide such documentation. A statement fee of $3.00 per statement may apply. To request a paper copy of a statement, call or write us at:
You may withdraw your consent and revoke your agreement to receive statements electronically at any time. To withdraw your consent and discontinue receiving your statements electronically, you must contact us at the above address. Should consent be revoked, your next statement will be a paper statement. Concho Educators requires a minimum of ten (10) business days notice prior to the processing of your next statement in order to convert from electronic statements to paper statements and from paper statements to electronic statements. To print or download disclosures, you must have a printer connected to your PC or sufficient hard drive space available to save the disclosure. Your statements will be available by the 10th of the month. We will e-mail you monthly or quarterly (checking is processed monthly and savings, loans, and certificates are processed quarterly) once the statements are available. If the e-mail notification comes back to us as undeliverable, we will attempt to contact you by phone to obtain a good e-mail address. If we are unable to contact you by phone, we will mail you a paper statement and you will automatically be removed from the electronic statement process. If you are a first time viewer, you must log-in and accept the online disclosure. If you do not check your on-line statements within 30 days of being notified, we will send another e-mail notifying you that your electronic statements is available. If you have not checked your on-line statement within 60 days of being notified, we will mail you a paper statement and you will automatically be removed from the electronic statement process.
Bill Pay is an innovative way for you to receive and pay your bills on-line 7-days a week, 24-hours a day from your computer through the internet. Concho Educators has teamed up with Check Free to offer a fast and economical bill pay program. Here's how it works ... Paying your bills on-line is not only speedy and simple... It helps you to organize, track and manage your finances too. Receive and pay bills, it's like having an electronic checkbook in your computer. A more convenient way to manage bills... Say goodbye to stacks of bills around the house. You'll receive electronic versions of your bills in your e-mail box, and pay them automatically from your computer. If you still prefer the old method of receiving bills in the mail, you can set them up and then pay them on-line when you are ready. You can even schedule payments in advance. A way to stay organized... When you pay your bills on-line, you have access to helpful organizing tools, like an on-line payment history and e-mail reminders of when bills are due. You can also transfer funds between checking accounts. Our Bill Pay allows you to pay as many people as you want. The first two months of bill pay are free and then just $6.00 per month* thereafter. There are no other fees regardless of how many bills you pay or limits on who you send money to! * You will automatically be switched to our Choice Checking Account at the end of the free offer period. Regular monthly checking account service fee may apply during the free offer period. Online Payment Services Features:
Ordering your checks on-line is done through a secure environment but you must have your re-order form that is located in your box of checks (near the last pad of checks). You may choose a different style of checks, image, or checkbook cover and view your cost before placing the order. Please note that you will NOT be able to change your address or have the checks sent to another address when using the on-line program. If you want to change your style of checks or the address, you must visit one of our offices or call 325-944-4551 and visit with a Member Service Representative.
Concho Educators Federal Credit Union has teamed with TownNorth Bank providing our members with a great MasterCard® Credit Card Portfolio.
PARENT CHOICE STUDENT LOAN Concho Educators Federal Credit Union is now offering a new private education loan to help fund additional college costs when Federal student loans are not enough to cover all of your expenses. Please fill a loan application and provide the credit union with employment and income verification. Both the parent and student must be a member of the credit union.
Concho Educators FCU works in conjunction with CU Members Mortgage giving you many benefits. CU Members Mortgage parent company retains servicing of 95% of all loans we make. This means you will probably make your payments to only one company during the life of your loan, and will probably have on contact point for any future questions you may have. CU Members Mortgage offers online access so you can check your loan status and your loan and escrow balances 24 hours a day, 7 days a week without having to wait for someone to call you! All members will be given the option of signing up for our Interest Saver Program after their loan closes. This program can save up to 7 years of interest on a 30 year loan, and is available to Credit Union Members with NO enrollment fee. Other mortgage companies may change as much as $300.00 for a similar service.
On-line brokerage services are offered thru CUNA Mutual Group. Please visit their web site for more information regarding this service.
Checks & Balances is an innovative way for member to access their account 7 days a week, 24-hours a day from your telephone (touch tone only) by dialing 325-949-2263. To gain access to your account, you will need to sign an Application for Checks & Balances/E-Branch Plus and select a 4 digit password for Checks & Balances.
Checks & Balances features easy to follow, step-by-step instructions. When you call 325-949-2263, you will be asked to select one of the following options: (Please listen carefully to prompts; menu may change). After you have accessed your account (by putting in your member and pin numbers), you may use the following menu. 1. Transactions Menu
2. Inquiries Menu
3. Change PIN (Password) 4. Enter new number
Concho Educators Federal Credit Union offers Traditional and Roth IRAs along with Coverdell Educational Savings Accounts (ESA's). The minimum deposit required to open an IRA with Concho Educators FCU is $500.00, dividends are paid quarterly and these type of accounts are open-ended allowing you to make contributions at a later time up to the maximum allowed by law depending on your age. Please see member services for more information.
Why is my financial institution asking me for identification and personal information? Federal law requires financial institutions to report currency (cash or coin) transactions over $10,000 conducted by, or on behalf of, one person, as well as multiple currency transactions that aggregate to be over $10,000 in a single day. These transactions are reported on Currency Transaction Reports (CTRs). The federal law requiring these reports was passed to safeguard the financial industry from threats posed by money laundering and other financial crime. To comply with this law, financial institutions must obtain personal identification information about the individual conducting the transaction such as a Social Security number as well as a driver’s license or other government issued document. This requirement applies whether the individual conducting the transaction has an account relationship with the institution or not. Can I break up my currency transactions into multiple, smaller amounts to avoid being reported to the government? No. This is called “structuring.” Federal law makes it a crime to break up transactions into smaller amounts for the purpose of evading the CTR reporting requirement and this may lead to a required disclosure from the financial institution to the government. Structuring transactions to prevent a CTR from being reported can result in imprisonment for not more than five years and/or a fine of up to $250,000. If structuring involves more than $100,000 in a twelve month period or is performed while violating another law of the United States, the penalty is doubled. Examples of Structured Transactions 1. John has $15,000 in cash he obtained from selling his truck. John knows that if he deposits $15,000 in cash, his financial institution will be required to file a CTR. John Download official CTR Pamphlet here (PDF).
Our Routing Number is 311-387-865. This routing number is used for personal checks, electronic debit transactions (ACH), and Direct Deposits. For wire transfer instructions please click here. |
Contact Us
Office Hours & Locations
ATM Locations- Consumer Information
Travel Tips & Information
How To Reach Us?
Concho Educators Federal Credit Union makes every attempt to respond to every e-mail sent to us.
If you do not receive a prompt reply, please resubmit your e-mail or call us at 325-944-4551.
You may also write us at:
Concho Educators Federal Credit Union
PO Box 60976
San Angelo, TX 76906
To report your MasterCard® Credit Card lost or stolen call: 1-800-442-4757
To report your MasterCard® Debit Card lost or stolen call: 1-866-664-9364
| NAME | TITLE / POSITION | |
| CEFCU Main Office | 3215 W. Loop 306 | cefcu@aol.com |
| Jerry S. Merrill | President/CEO | j.merrill@cefcu.us |
| Donna Hammons | Vice President of Branch Operations | d.hammons@cefcu.us |
| Vicki Bell | Vice President of Lending | v.bell@cefcu.us |
| Pat Herendeen | Vice President of Finance and Business Development | p.herendeen@cefcu.us |
| Noel Johnson | Marketing/Business Development Officer | n.johnson@cefcu.us |
| Nicki Palmer | Accounting Services Representative III | n.palmer@cefcu.us |
| Mike Tucker | Vice President - Information Technology | m.tucker@cefcu.us |
| Bianca Rangel | Loop 306 Branch Manager | b.rangel@cefcu.us |
| Stacy Combs | Beauregard Branch Manager | s.combs@cefcu.us |
| Billy Brothers Jr | ASU Branch Manager | b.brothers@cefcu.us |
Corporate Office Drive-Up |
Beauregard Branch Drive-Up |
Angelo State University Branch |
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Address: Phone: (325) 944-4551
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Address: Phone: (325) 944-4552
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Address: Phone: (325) 942-6591
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Drive-Through: |
Drive-Through: |
Drive-Through: NOT available at this location |
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24-Hour Depository: |
24-Hour Depository: Available at drive-through building |
24-Hour Depository: NOT available at this location |
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| ATM: Available behind main building |
ATM: Available at drive-through building |
ATM: Available by lobby entrance |
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| Safe Deposit Boxes: Available at this location |
Safe Deposit Boxes: Available at this location |
Safe Deposit Boxes: NOT available at this location |
| Corporate Office (Show Map) |
Beauregard Drive-In (Show Map) |
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| (Facing Post Office) 3215 W. Loop 306 San Angelo TX 76904 |
1967 W. Beauregard Ave. |
University Center 1st Floor |
| University Plaza (Show Map) |
San Angelo State School | Mobile Branch |
| 2428 Vanderventer San Angelo TX |
(By Telephone Operator) | |
| No surcharge or ATM fee if using CEFCU ATM card or CEFCU Debit MasterCard® at one of these locations. | ||
Better Business Bureau of San Angelo Phone: 325-949-2989 Free Credit Report: (one free credit report per year per credit bureau) Credit Bureaus:
Do Not Call: National Do-Not Call: Texas Do-Not Call: Credit Card OPT-OUT: Scam Buster Sign up: State Board of Insurance: BBB Wise Giving Alliance (charity reports) Federal Trade Commission ID Theft Hotline: Electric Provider Rate Information: |
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This portion of our website is still in progress! Use these links to help you plan your trip and find travel tips, news and information. |
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