Making your financial life easier.
That’s the point of everything we do.

Introducing FivePoint Credit Union
Not just a new name. A new approach.

Now, if you’ve spent any time in this part of Southeast Texas, you might wonder why the region’s leading credit union would change its name. What, you might ask, is the point of this change?

To be precise, there are five points—five messages that we think all of our members should hear.

1) We’re open to anyone.* Contrary to popular belief, you don’t need an “inside connection” to enjoy the benefits of FivePoint Credit Union. Stop in at any one of our stores, and find out just how easy it can be to join.

2) We welcome everyone. At FivePoint, we take our business personally—and it shows. It shows in our tellers, who greet you by name. It shows in our loan officers, who make decisions based on their knowledge of you—not just your numbers. Above all, it shows in our members, who often stay with us not just for years, but for generations.

3) We’re working hard to make life easier. With expanded operating hours and five stores, FivePoint offers greater convenience than ever before.

4) We’re developing products for every phase of your financial life. So whether you’re starting your career, raising your family, or settling back to enjoy the just rewards of your success, you can count on FivePoint to be there with innovative products, and insightful advisors to help you make the right choice.

5) Even as we grow, our commitment to our members and our heritage remains unchanged. Unlike so many merged and purchased banks, our new name doesn't mean we're under new management. In fact, we chose the FivePoint name to recall our heritage as a part of the Texaco brand—and to point the way forward to a new era of growth and innovation.

Five points on the star. Five promises to you. And one very warm invitation to visit any one of our stores and find out what it means to be a member of FivePoint Credit Union today.

* Membership open to anyone who lives, works, worships or attends school in Jefferson, Orange, Hardin, Jasper or Newton counties.

Our History

In 1935, the Texas Company started a credit union inside the refinery. On August 1, the Texas Company P.A.W. Employees Federal Credit Union opened for business. Nearly seventy-one years later, Texaco Community Federal Credit Union has over $284 million dollars in its full-service financial institution. It is the largest independent, not-for-profit financial institution in Southeast Texas.

The history of this credit union is a success story of individual hard work and sharing to help many. Texas Company employees R.E. Hardin, H.A. Allgood, G.M Rucker, Joe Corneilison, P.C. Reese, R.C. Benefield, B.F. Dooley Jr. and C.L. Bland signed the certificate to organize an employee's credit union. By the end of the month, the credit union had 57 members and total savings of $247.

The founders of the Texas Company P.A.W Employee's Federal Credit Union could not have imagined a credit union in Port Arthur, Beaumont, Lumberton, Bridge City and Nederland with over $284 million dollars and over 41,000 members. But the credit union was established on "service with star quality," and that service has earned the support of members through the decades. On Sept. 7, 2004, Texaco Community became FivePoint Credit Union. FivePoint is celebrating 71 years of service to our members. The all-volunteer Board of Directors is led by Chairman Glenn Johnson. The staff is led by Erik Shaw, President/CEO.

The Credit Union Advantage

While both credit unions and banks offer similar products and services (checking, credit cards, etc.), that's about the only similarity. Here are the differences:

Banks

• Generate profit for stockholders. Make decisions based on what will give stockholders more profit.
• Commercial businesses. Offer services to make a profit.
• People who buy stock in the bank own shares of the business.
• The Board of Directors are paid a salary. Daily operations are performed by a paid staff.
• Only people who own stock can vote for the Board of Directors. The customers who use the bank do not have a say.
• Income is returned to the stockholders in the form of higher dividends on their shares of stock.
• Like other for-profit businesses, banks must pay taxes to the government.
• Deposits are federally insured up to $100,000 by FDIC, a government agency.

Credit Unions

• Not for profit, not for charity, but for service. Without "profit motive," make decisions based on what's best for members.
• Financial cooperatives. Members pool their savings to provide low-cost loans and low fee services to each other.
• Each member is an equal owner.
• Exist solely to serve their members. A person must be within the credit union's field of membership, as defined by their charter, in order to join.
• Unpaid volunteers from the membership serve on the Board of Directors and guide the credit union. Daily operations are performed by a paid staff.
• As owners, members elect fellow members to serve on the Board of Directors.
• Income is returned to members in the form of better savings rates, lower loan rates, and low or no fees for services.
• Like other not-for-profit institutions, credit unions are exempt from paying federal income tax.
• Deposits are federally insured up to $100,000.00 by NCUA, a government agency.

Mission Statement

To improve the quality of life for our members and community.

Vision Statement

To help our members build and maintain wealth.

Values

Trust, Commitment, Love and Belief