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

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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

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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

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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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