Why trust a credit union with your finances?
Credit unions are an important part of our community. The members of your credit union are your friends, family, co-workers and neighbors. They care enough about where they live to invest their money locally — keeping saving and spending “in the family.”
City CU History
Although it may be hard to believe, City CU started with only $50 in deposits in 1942, which was the minimum amount required to obtain a Credit Union Charter from the State of Texas. The first official meeting of City CU took place on August 24, 1942, in the Central Council Chamber of the old City Hall. It was decided that the Board of Directors would consist of nine members, with the Supervisory Committee consisting of three members. Operations began in a small cubby hole in the basement of the old City Hall in the Police Detail room. The credit union soon outgrew the space and moved to the fourth floor of the old City Hall. The first financial statement was completed on August 31, 1942. Loans outstanding totaled $100; total cash was $1,712 and assets totaled $1,812.
Now, 75 years later, we serve anyone who lives, works, worships or attends school in Dallas, Denton, Rockwall, Kaufman, Ellis, Grayson and Cooke counties.
Led by President and CEO Sharon Moore, City CU has grown to $400 million in assets, with 38,000 Members and more than 100 Associates. Moore joined City CU in 2004 after a long career as a credit union examiner and owner of her own consulting company.
With a true commitment to “People Helping People,” City CU provides free financial education and counseling to its Members, low-cost financial products and great rates on consumer loans. At City CU where the focus is people, not profit.
- Fairness We will conduct our business in a fair, ethical and professional manner.
- Honesty We will be honest with our Members and Associates.
- Excellence We will strive for excellence in everything we do.