Texas
Credit Union of Texas
Website: http://www.cuoftexas.org/schoolzone.html
Eligibility: Membership is open to anyone who:
- Lives and works in Dallas, Collin, or Rockwall Counties; and the Lewisville, Red Oak, and Midlothian school districts
- Is a student attending an institution of higher learning in Dallas, Collin, and Rockwall Counties (includes trade schools, junior college, and four-year colleges)
- Is a member of a school-related associations and organizations created to serve or assist public or private schools.
- Works or is a member of a qualifying company or organization
- Organizations whose members are within CUofTX’s field-of-membership.
- Is a family member of anyone eligible to join
- Is an employee of CUofTX
Loans offered:
| Loan | Description | Term | APR | Loan Limit |
|---|---|---|---|---|
| First-Year Teacher Loan | To defray cost of moving until first paycheck (offered in August and September only) | 12 months | 0% | $2,500 |
| Alternative Teacher Certification Loan | To help with certification costs | 60 months | 1% discount | $5,000 |
| Classroom Supply Loan | To help school employees furnish classroom | 12 months | ? | $750 |
| Teacher Retirement Buy-Back Loan | Buy back existing loans | 60 months | 1% discount | $20,000 |
| Home Possible Neighborhood Solution Teacher Program | Purchase or refinance a mortgage with reduced insurance requirements | N/A | N/A | N/A |
A+ Federal Credit Union
Website: http://www.aplusfcu.org
Eligibility: membership is open to all Texas residents, age 18 or older.
Loans offered:
| Loan | Description | Term | APR | Loan Limit |
|---|---|---|---|---|
| Klassroom Kash | To fund out-of-pocket classroom expenses | ? | 0% | $500 |
| Teacher Home Buyers Program | Discounted rates on mortgages, including a 0.5% origination fee discount | N/A | 0.25% discount | N/A |
| Bridge Loan | For newly hired school district employees paid once a month to defray initial expenses | ? | ? | 75% of monthly income |
Firstmark Credit Union
Website: http://www.firstmarkcu.org
Eligibility: Membership is open to anyone who:
- Lives, works, worships, or attends school in, and businesses located in Bexar County, Texas.
- Is an employee or student of the public school districts, colleges or universities in the following 13 counties: Atascosa, Bandera, Bexar, Comal, Dimmit, Frio, Guadalupe, Kendall, La Salle, McMullen, Medina, Wilson, and Zavala.
- Is a relative of those listed above
Loans offered:
| Loan | Description | Term | APR | Loan Limit |
|---|---|---|---|---|
| 0% Classroom Supply Loan | Purchase classroom supplies, automatic payments required | 10 months | 0% | $500 |
| Pre-graduation Student Loan | Assistance for student teachers | 48 months | ? | $3500 |
| Alternative Teacher Certification Loan | Helps cover costs of alternative certification programs | 60 months | ? | $5000 |
| Post-Graduation Bridge Loan | Assistance for graduating teachers yet to start their first teaching assignment | 36 months | ? | $3500 |
| Teacher Retirement Buy-Back Loan | For teachers taking a leave of absence ,moving to a district without a retirement plan, or who have had a lapse in contributing to their retirement. | 60 months | ? | $25,000 |
Gulf Coast Educators Credit Union
Website: http://www.gcefcu.org
Eligibility: membership is open to anyone who:
- Works regularly in the Educational Industry in the counties of Harris, Galveston, or Brazoria, Texas, meaning they work for:
- an elementary school, secondary school, or post-secondary school;
- a county superintendent of schools office;
- an authorized education foundation; or
- a school board, either as employees or trustees
- Click here for a list of eligible school districts
- Is a member of record of this credit union as of July 20,. 2006, the effective date of its conversion to a TIP charter
- Is an employee of this credit union;
- Is retired as a pensioner or annuitant from the above employment;
- Is a spouse of a person who died while within the field of membership of this credit union;
- Is an immediate family member of an eligible person
Loans offered:
| Loan | Description | Term | APR | Loan Limit |
|---|---|---|---|---|
| Relocation Loan | Aimed at new district employees with relocation expenses | 36 months | 3.90% | $5,000 |
| Classroom Supplies Loan | Helps cover out-of-pocket expenses for classroom supplies | 24 months | 3.90% | $1,000 |
| Computer Loan | Helps educators keep up with new technologies | 24 months | 3.90% | $2,500 |
| Professional Development Loan | Helps educators pursue higher education for career advancement | 60 months | 3.90% | $10,000 |
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