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Monday, December 11, 2017
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About Us

History

  • Originally named Border Credit Union
  • Chartered April 14, 1954
  • Original location Laughlin Air Force Base
  • 1972 Val Verde County School Employees Credit Union merged with Border Credit Union
  • 1974 Bylaws were changed to expand the field of membership to include Maverick County
  • 1980 the credit union moved its main office outside L.A.F.B to Gibbs St.
  • 1984 Eagle Pass Branch was opened & then closed in 1989
  • 1987 the credit union became Federally chartered and insured by NCUA, this changing the name to Border Federal Credit Union
  • 1990 the nineties brought changes in data processing
  • 1992 BFCU signed on with Summit Data Processing Systems, to minimize transaction time
  • 1994 "Free Checking" accounts with no minimum balance or service charge were being offered
  • 1996 the first female President/CEO Maria J. Martinez (1996-present)
  • 1997 A Holiday Loan was introduced a 12-month loan set at $1,000 at a rate of 9.70APR
  • 2000 Eagle Pass Branch was re-opened
  • 2001 Partnered with Irwin Mortgage Company to offer mortgage loans to the membership for the first time in 20 years
  • 2002 Groundbreaking of New Main Office on Bedell Ave.
  • 2003 The Credit Union moves its Main Office operations to its new location at 2211. N. Bedell Ave.
  • 2004 BFCU was approved under grant by HUD to offer Housing Counseling
  • 2005 BFCU joins the Financial Outreach Program Alianza Financiera Hispana to offer services Free of Charge to the rapid growing Hispanic Community
  • 2005 Partners with Internal Revenue Service (IRS) to provide free income tax preparation to low to moderate income families
  • 2007 Partnered with Money Concepts, Inc. to broaden investment opportunities
  • 2010 Department of Treasury certifies BFCU as a Community Development Financial Institution (CDFI)
  • 2011 NCUA Approved Expansion of our Community Charter to serve Crockett, Dimmit, Edwards, Frio, La Salle, Real, Sutton, Terrell, Uvalde, & Zavala County
  • 2013 we currently have over 103 employees and serve 22,000 members & still growing
  • 2014 Opening of our new location inside H-E-B Del Rio In-Store Branch
  • 2014 will mark BFCU's 60th Anniversary of service to our members. This great milestone could not have been possible without their support.
  • 2015 BFCU transitioned to a new core processing system to better serve our members
  • 2015 Merger between Quemado FCU and Border Federal Credit Union effective September 30, 2015
  • 2016 CEO/President Maria Martinez, accepts “Juntos Avanzamos” designation on behalf of BFCU in Washington D.C. BFCU offers products and services tailored for Hispanic and Immigrant Communities.

 

 

Mission Statement

BFCU's mission is to serve the community of  member - owners by providing diverse, competitive and progressive financial services to improve the financial well being of our members and their familes.

BFCU Mascot

Border Buck!