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Halliburton Employees Federal Credit Union

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Halliburton Employees Federal Credit Union

Mission statement:

Halliburton Employees' Federal Credit Union is a financial cooperative that provides our MEMBER-OWNERS competitive and professional financial service in a friendly, courteous atmosphere, conveniently accessible for each MEMBER.

Overview:

With the recent concerns about the economic state of our country, let us ensure you of Halliburton Employees’ Federal Credit Union’s safety and soundness:

• Our assets are federally insured by the National Credit Union Administration (NCUA) the strongest federal insurance agency in the country. Your savings are protected to at least $250,000.

• Not one penny of insured savings has ever been lost by a member of a federally insured credit union.

• Credit Unions focus on members - not profits. We remain a safe haven in this economic storm. Credit unions are member-owned and not-for-profit cooperatives. We exist to serve our members, not profit from them. Unlike the banks and brokers, we’re not out to force loans on our members just to make a quick buck.

• Consumers saved $10.9 billion last year by using credit unions rather than banks. The savings come in the form of lower fees, higher savings rates and lower loan rates. That works out to about $126 per credit union member or $239 per household.

• Credit Unions lend responsibly – we have a more conservative approach to lending and most credit unions hold onto about 70% of their mortgages instead of selling them to Fannie Mae & Freddie Mac.

• As member-owned cooperatives, Credit Union balance sheets are not affected by the whims of the stock market.

• Halliburton Employees' Federal Credit Union has over $100M in assets, with Capital/Equity over $10M. This equates to a Capital/Equity ratio of more than 10%, well above the 7% which our regulator defines as “well capitalized.” Halliburton Employees' Federal Credit Union has sound business practices, more than adequate insurance on your accounts, and is ready to serve your financial needs.

• While other lenders are tightening restrictions and cutting back on lending – we are continuing to offer loans at lower rates and increasing our marketing efforts to get the word out to our members that we are here to help!

Vision: To be the financial institution of choice!

History:

It all began with a dream. A dream of several Halliburton employees to be able to provide a fair return for their savings and a fair interest rate on loans, all from one financial institution that would be owned cooperatively by themselves.

Chartered August 12, 1960, Halliburton Employees' Federal Credit Union is a full-service financial institution offering its members the best in service and price on a wide range of financial products.

HEFCU has grown from its original location in Duncan, Oklahoma to over 1900 branch locations nationwide and continually provides innovative ways for its members to access their credit union from around the world.

Toll Free: +1 800 368 2618

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