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About Neighborhood Credit Union
Neighborhood Credit Union is a not-for-profit, member-owned financial cooperative based in the Dallas-Fort Worth metroplex. Here are some key points about the organization:
- History: Originally known as Dallas Postal Employees Credit Union, it was established in April 1930. The name was changed to Neighborhood Credit Union in 2001 to reflect its broader membership base[1][3].
- Mission: Unlike traditional banks, Neighborhood Credit Union focuses on helping members achieve their financial goals without prioritizing profits. It offers unique financial products and invests in community development through initiatives like college scholarships and financial education[1][3].
- Membership and Reach: Anyone living in Texas is eligible for membership. The credit union serves over 62,000 members and has assets exceeding $1 billion[1].
- Recent Developments: Neighborhood Credit Union has been expanding its presence with new branches, including recent openings in Waxahachie and Sherman, Texas. It also acquired RelyOn Credit Union in September 2024[1].
- Leadership: Chet Kimmell has been the President and CEO since 1995, leading significant growth and development[1].
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