The difference can pay you big dividends.

Not all financial institutions are created equal. Far from it. As a credit union, MTCU is focused on serving neighbors in Midland, Texas, and other communities. Service to members is our priority - not profiting from members or acting in shareholders' best interests. We're invested in you and others, delivering better value through a full range of products and helping you reach your financial goals. See what separates MTCU from the rest.

For Members, Not for Profit

As a credit union, we're a financial cooperative owned by members like you. Your deposit into a savings account gives you a share of ownership and a right to vote for credit union leaders each year. Unlike most financial institutions, we don't issue stock or pay dividends to outside stockholders. Instead, we return earnings to you and all members through lower loan rates, lower fees and higher interest on deposits.

Explaining Our Tax Structure

As a credit union, we pay sales taxes, property taxes and payroll taxes, but we're exempt from federal income taxes by the Credit Union Membership Access Act: "Credit unions, unlike many other participants in the financial services market, are exempt from Federal and most State taxes because credit unions are member-owned, democratically operated, not-for-profit organizations generally managed by volunteer boards of directors and because they have the specified mission of meeting the credit and savings needs of consumers, especially persons of modest means."

Members Are Owners

Credit unions are an economic democracy. Each member has equal ownership and one vote -- regardless of how much money a member has on deposit. At a credit union, every customer is both a member and an owner.

Volunteer Boards

MTCU, like other credit unions, is governed by a board of directors elected by members to serve voluntarily.

Who Can Join MTCU?

By current federal statute, credit unions cannot serve the general public. People qualify for MTCU membership if they live, work, worship or attend school and business with other legal entities in the Texas counties of Midland, Martin, Glasscock, Andrews, Crane, Ector, Howard, Winkler, Ward, Reagan and Upton.

Financial Education for Members

We care about your financial well-being, and we provide plenty of financial education resources and tools to help you learn about topics and make financial decisions that benefit you.

Committed to Community

The credit union creed is "People Helping People." Our goal is to serve all of our members well, including those of modest means. Every member counts. We're here for everyone, in good times and bad. Our people-first philosophy compels our employees to get involved in community charitable activities and worthwhile causes.