Houston Credit Unions

Many people like community banks in Houston because they tend to offer higher interest rates, but did you know Houston credit unions also offer some of the best rates, too? If you’re interested in what a local credit union may have to offer you, check out the list of institutions below with the best rates today.

There are thousands of financial institutions throughout the U.S., several of which are probably in your home town. From bustling cities to tiny suburbs, there’s no shortage of banks and credit unions nearby. So when you’re trying to maximize your deposits and find the highest interest rates to help them grow, how do you know where to go? Below, Houston Banking Rates has compared the average bank rates in Houston with those at local credit unions to find out whether community banks or CUs have the best overall interest rates to offer.

Do you belong to a credit union? If not, you could be missing out on some of the best interest rates in Houston. Credit unions are known to have the most competitive rates, the only problem is you have to be a member to take advantage of them.

There are several credit unions in Houston, TX offering outstanding rates. If the interest rates below are better than what you’re presently earning, find out how to become a member of one of these institutions and enjoy the great rates current members do right now.

Members of credit unions enjoy numerous benefits, but one of the greatest advantages of belonging to a CU is often the interest rates they offer. Credit unions are not-for-profit and owned by members. Therefore, credit unions return profits back to account holders in the form of dividends. That means if you don’t already belong to a Houston credit union, obtaining competitive interest rates is reason to consider joining one.

If you belong to a credit union or are curious about joining one, you should know that they can offer some of the highest CD rates in Houston. For anyone interested in locating a certificate of deposit with a competitive rate, credit unions are a great place to start.

Credit unions can be found in almost every city, and each one offers products and services tailored to the local community it serves. Credit unions are not the same as banks because they are not-for-profit, member-owned financial cooperatives, yet they offer just as wide an array of accounts, loans and other services as banks. If you’re searching for the best interest rates near you, a Houston credit union is a great place to start.

Houston has been around for a long time, and in that time, it has built up a lot of financial institutions. Houston Banking Rates brings you a list of the eight oldest Houston credit unions so that you can see which ones have stuck around for the longest time.

1. Bluebonnet Credit Union – 1935 – This credit union has made several of our other lists and boasts four Houston area locations.
2. Energy Capital Credit Union – 1935 – This historical credit union was originally named the Humble Employees Federal Credit Union.
3. First Service Credit Union – 1935 – Originally called the Hughes Tool Company Employees Federal Credit Union, First Service has since merged with several other credit unions in the 21st century.
4. Houston Texas Fire Fighters Credit Union – 1935 – Founded on April 9th, the fire fighter’s credit union was started by twelve men who each donated a quarter.
5. Reed Credit Union – 1935 – This credit union holds an annual meeting to discuss their state of finances.
6. Smart Financial Credit Union – 1934 – Smart Financial was originally named Houston Public School Teachers Credit Union
7. United Energy Credit Union – 1934 – This credit union boasts two local Houston branches for its qualifying members to use.
8. Plus4 Credit Union – 1929 – Plus4 serves the needs of Houston postal workers.

Houston banks offer you a great chance to invest your money into a high yield savings account. However, as you will see from the list below, credit unions almost always offer better rates than your local or national bank. So, see if you meet the qualifications for any of these credit unions, open an account, and start saving today! These five banks below, brought to you by Houston Banking Rates, currently have the best savings rates in the Houston area.

In these rough economic times, CDs or certificates of deposit are still a fairly good investment. Not only are their rates higher than a savings account, but they also give you a secure place to put your timed deposit. The rates offered by the banks below are based on a $10,000 or less investment, and they are the best that Houston has to offer to its natives. Check out these credit unions to see if you qualify for membership or find another Houston bank that might be right for you.