On July 27, 2023, University Federal Credit Union (UFCU) announced that, for the eighth consecutive year, the Austin Business Journal ranked them as Austin's top credit union. UFCU, the largest locally-owned financial institution in Austin, outperformed other credit unions in terms of Austin-area membership and deposits according to a press release sent out by the company.
"We are honored to be chosen as a financial partner by more people in Austin and Central Texas than any other credit union," UFCU CEO Michael Crowl said.
University Federal Credit Union (UFCU) has been consistently acknowledged by the Austin Business Journal as the premier credit union in Austin for the past eight consecutive years. Based on the statistics provided by the National Credit Union Administration (NCUA) as of March 31, 2023, UFCU had a higher number of members and deposits in the Austin region compared to other credit unions throughout the region.
UFCU CEO Michael Crowl said in a statement that the credit union is honored to have been trusted by so many Central Texans and that the company gives its members the utmost care and priority when working with them. He went on to say that their attention to detail and customer service has helped set them apart from their competitors and allows University Federal Credit Union to continue to adapt and grow as times change.
The primary objective of UFCU, a financial cooperative that operates on a not-for-profit basis and is owned by its members, is to provide education, motivation, and empowerment to its members and the local community, thereby facilitating the attainment of economic stability. UFCU effectively addresses the unique financial needs of its extensive membership base of 366,000 individuals residing in Central Texas and throughout Galveston County. The credit union is responsible for overseeing assets valued at $4.6 billion.