Our Members are Our Strength

Strong member relationships make SACU the success it is today. SACU members are part of a credit union with more than $2 billion in assets, great rates, outstanding services and a 80-year track record. Every thing we do is in service of our members — you have always been our strength.
 


The 1930s and 40s

It all started on March 7, 1935 when twelve federal government workers pooled their money to form the National Federation of Federal Employees Local No. 28. One of the first credit unions in San Antonio, the original members received thirty-seven loans that year, leaving the credit union with $42.84 in profit. By the first annual meeting in 1936, membership had grown to 98, including the first woman to join.

Credit unions struggled during World War II. The majority were unable to pay depositors a dividend. Local No. 28 was an exception, paying members a 3% annual dividend throughout the war years. By 1949, the credit union changed its name to Government Employees Credit Union (GECU), as membership had expanded beyond members of Local No. 28.
 


The 1960s and 70s

By 1962, membership had increased to 4,500 thanks to expanded member fields including the military. In 1963, GECU moved to its first owned building and gained its first computer. By the end of the decade, GECU had become the 12th largest financial institution in San Antonio with $24 million in assets.

With further membership expansion including retired civil service personnel and employees of the Bexar County Hospital District, GECU became the largest credit union in Texas and passed the $100 million milestone in 1974. During this decade of phenomenal growth, GECU innovated with new products and services, such as draft accounts and direct deposit. It became the first credit union in San Antonio to install an Automated Teller Machine (ATM) in 1975.


The 1980s and 90s

The 1980s brought tough economic times to the country, including a depression in the oil business and a collapse in real estate. GECU continued to serve our membership by offering quality products and services. In 1987, GECU officially changed its name to San Antonio Credit Union (SACU) to better reflect a diverse member base. Upon being federally chartered in 1989, the name was slightly altered to San Antonio Federal Credit Union — the name we use today.

In 1999 SACU pioneered new technology in McCreless Mall with our first retail branch location, using the innovative Remote Teller System (RTS) to provide expedited services for our members.


2000s and Beyond

As the pace of technological change has increased throughout the 2000s, SACU has made thoughtful innovations to serve you better, including online banking, mobile banking, and more. Our board of directors, management and staff continue to focus on building member relationships and helping you thrive — no matter what the future may bring.


Financial Highlights

As of December 31, 2016

Total Assets:
$2,883,785,729

Total Deposited in Accounts:
$2,160,000,633

Total Loans:
$2,736,750,448

Membership Matters

Did you know that SACU offers members:

plus popular annual perks like shred day, a cool Spurs calendar, and more? Join Us

 

SACU 2015
ANNUAL REPORT

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Board of Directors

Richard Rodriguez

Chair, Board of Directors

Sue Turner

Vice Chair, Board of Directors

Ramon Abarca

Secretary, Board of Directors

Frank Burk

Treasurer, Board of Directors

Blaise Bender

Member, Board of Directors

Fred Hines

Member, Board of Directors

Debs McCrary

Member, Board of Directors

Larry Roberson

Member, Board of Directors

David Velasquez

Member, Board of Directors

Supervisory Committee

Peter Morales

Chair, Supervisory Committee

Bill Micale

Secretary, Supervisory Committee

Mike Burnett

Member, Supervisory Committee

Steve Nivin

Member, Supervisory Committee

Associate Directors

G. Esther Cruz

Associate Director

Pat Harper-Pollard

Associate Director