The 1930’s in the United States was not our finest hour. We were in the heart of the depression and the future looked grim. Times were difficult for everyone, especially educators in a time of war and depression. However, the timing was perfect for an outstanding long-lived financial organization to be born.
The idea of credit unions originated from the thought of people pooling their money together to make loans to each other at a low interest rate, to eliminate the dominance of a bookie. The idea is the essence of People Helping People. This is exactly what two North Texas State College professors, Dr. V.Y. Craig and Ross Compton, along with 11 other educators did when they pooled $650 together and established Denton County Teachers Federal Credit Union.
Today, we serve almost 100,000 members and have assets of almost one billion dollars. We attribute our success to a commitment to outstanding service, hiring great employees who care about the communities and members they serve, and giving back. We believe in supporting the communities we serve including nonprofits, civic organizations, and our schools.