MISSION

West Texas Educators Credit Union is committed to effectively and efficiently provide all members with optimal financial services in a courteous and caring manner.

HISTORY
WTECU began in a small room in the ECISD Administration building in 1953. At that time we were known as Ector County Independent School Employee's Credit Union. Since that time we have expanded our facilities to include the main office and a branch office in Odessa, as well as, a branch office in Ft. Stockton. Our field of membership has expanded to include Ft. Stockton ISD,Odessa College, UTPB, Crane ISD, Iraan ISD, McCamey ISD, and many more. We operate under the authority of a Board of Directors which consists of 9 volunteers who are elected each year at the Annual Meeting. They are dedicated to the credit union members, the employees and to the credit union movement. We really appreciate their dedication.   

 PHILOSOPHY & STRUCTURE     
Credit unions are democratically owned cooperatives based on 'people helping people' principles. Credit union boards of directors are elected by members; each member has an equal vote, regardless of how much he or she has on deposit. Only members may serve as directors, and directors serve without compensation. Credit unions have no outside stockholders, so after reserves are set aside, earnings are returned to members in the form of higher dividends on savings, lower loan rates and lower cost services.
     
SAFETY & SOUNDNESS    
Credit unions primarily engage in consumer loans and residential real estate lending to their members. Credit union growth is at a historically high level.  Credit unions are federally insured for up to $250,000 until 2013 by the NCUA.

     
REGULATION & SUPERVISION    
State chartered credit unions are regulated by their state credit union department. NCUA administers the federal insurance fund,NCUSIF, which covers all federal credit unions, and most state chartered credit unions. No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions.