History of PECU


  • The organizational meeting was held on Wednesday November 5, 1952. 31 people were present. 
  • The Credit Union was formed to promote thrift and provide a source of credit among its members.



  • The first annual meeting was held on January 26, 1953. Implemented 7 days of grace on all loan payments.



  • Rented space at 206 B East 10th Street – above the warehouse in the alley.



  • Letter promoting the credit union went out to all employees at the Highway Department encouraging a regular habit of saving.
  • Deposits accepted of 25 cents or more.



  • PECU moved into a new rented facility at 1016 Brazos in Austin, Texas.
  • Total Assets exceeded $1,000,000 at $1,241,651.
  • PECU was approved to make FHA Title I Home Improvement loans.



  • PECU management emphasized that the CU slogan of “Not For Profit, Not For Charity, But For Service” should always be remembered by the credit union. “We should be ever looking for ways to help our members in solving their financial problems.”
  • The credit union office moved to 1010 Brazos in Austin Texas.



  • Rented additional space for the growing credit union.
  • Implemented Ready Credit



  • PECU started offering Travelers Checks to members.



  • The building at 306 East 10th Street in Austin Texas was purchased.



  • Implemented direct deposit of social security and retirement checks.



  • PECU started offering Share Draft accounts (Checking Accounts).



  • PECU started offering Term Share Certificates (Certificates of Deposit).



  • Merged the MHMR Credit Union into PECU.
  • The MHMR Credit Union building became a PECU branch office at 1200 West 42nd Street in Austin Texas.
  • Purchased the land just west of 306 East 10th Street in Austin Texas for a much-needed downtown parking lot.



  • PECU started offering Money Market Deposit Accounts.



  • Implemented ATM cards.



  • Merged with American Credit Union. The American Credit Union building became a PECU branch office at 8013 Centre Park Drive in Austin Texas. 
  • Merged with Texas Highway Department Credit Union of Beaumont Texas. Their building became a PECU branch office at 4241 Eastex Freeway in Beaumont Texas. 
  • The Total Assets increased to $121,966,234 as Total Assets went over $100 Million for the first time.



  • Purchased a drive through only facility at 5838 HWY 290 West in Austin Texas.



  • ATMs installed at all Austin locations.



  • PECU’s first website went live on the internet.



  • Members are able to access their PECU account records through a PC.
  • PECU offers debit cards to its members.



  • Total Assets increased to over $200,000,000 for the first time.



  • PECU becomes a member of the Credit Union Shared Branching Network.
  • It eventually gave our members nationwide access to their accounts at over 5,600 shared branching centers.



  • PECU opens a Round Rock branch at 901 Round Rock Avenue in Round Rock Texas.
  • PECU became a member of the Austin Credit Union ATM Alliance which made member ATM transactions at any Austin Alliance owned ATM totally free.



  • Increased PECU membership to anyone who lives, works, worships or attends school within a 10-mile radius of any of our offices.
  • Home Equity Loans offered to members.
  • New logo and a new newsletter were introduced.
  • New certificate products were added.
  • Increased the unsecured loan maximum amounts.
  • Increased the terms on auto loans.
  • Added mortgage lending products.



  • Totally free checking accounts offered to members.
  • Free electronic bill paying, free e-Alerts, and free electronic statements offered to members.
  • $500 overdraft privilege offered to members with their checking account.
  • Image capture system (electronic presentment of checks) added to speed up check collection and identify fraud quicker.



  • Started the Purchase Money Second Loans program.
  • Added laser check printers, smaller thermal printed receipts, and electronic signature pads.



  • Implemented Kids and Teen accounts.
  • Remote deposit capture implemented.
  • Added loan applications with auto decisioning to our website.



  • Search Engine Marketing implemented.



  • Completed ATM ADA compliance project.



  • Apple and Android Mobile Apps went live.



  • Remodeled the Walnut Creek branch.



  • Total assets increased to $310,089,403 topping $300 Million for the first time.
  • Opened a new Round Rock branch at 15800 RM 620 North in Round Rock Texas.
  • ATM Deposit automation implemented.
  • Expanded field of membership to include anyone who lives, works, worships, or attends school in Travis County.



  • All credit and debit cards were reissued with an EMV chip on the card to reduce ATM fraud.
  • All ATM machines were updated to allow EMV cards at all our ATMs.



  • A new PECU branch opened at 4215 Eastex Freeway in Beaumont Texas.
  • DocuSign implemented to allow members to sign documents and contracts electronically.
  • Implemented Instant-Issue Debit Cards for members.
  • Moved some IT services to the cloud for improved performance, reliability, security and backup.



  • PECU implemented a new online account opening platform through Q2, the credit union’s home banking provider.



  • PECU migrated to a new plastic card processing platform which enhanced processing and reporting and allowed for real time fraud monitoring.
  • PECU expanded online account opening capabilities to include opening additional deposit accounts for existing members through its home banking platform.
  • Started PECU Fast Track Mastercard program—a starter credit card to help members build their credit.


  • Met the many challenges and needs of the COVID-19 pandemic while keeping the health and safety of members and employees of primary importance.



  • Expanded field of membership to include anyone who lives, works, worships, or attends school in Williamson County.
  • Total assets increased to more than $400 million for the first time.
  • Rolled out strategic initiative to increase financial literacy in the communities we serve. Partnered with Zogo, the top-rated financial literacy app.  Sponsored it for PECU members and non-members.



  • PECU Zogo community financial literacy campaign reached the one million bite-sized lessons completed milestone.



  • Replaced all PECU-owned ATM machines. New ATMs have higher encryption standards and higher security.