Membership is available to individuals that live or work in Nacogdoches, Shelby, San Augustine or Sabine Counties. Becoming a member at Doches Credit Union is easy, and you'll find that you're more than just an account holder here - you're a member-owner! Think about it: Doches Credit Union truly is YOUR Credit Union.
Doches Credit Union is Nacogdoches’ only hometown not-for-profit financial cooperative that provides a full range of financial products and services to Nacogdoches, Shelby, San Augustine and Sabine Counties.
The credit union was chartered on November 7th, 1951 with an original field of membership comprised of employees from Southwestern Bell and the Lufkin Conroe Telephone Exchange.
In 1999, the credit union obtained a community charter which allowed services to be offered to any person that lived or worked in the Nacogdoches area as well as their families.
In 2005, Doches Credit Union opened its first full service branch in Center, Texas.
In 2011, its second full service branch opened across from Pilgrim’s Pride in Nacogdoches.
In 2013, Doches Credit Union completed a merger with Toledo Bend Teacher Credit Union, expanding the credit union’s reach into Sabine County.
Doches Credit Union’s Mission, Vision and Philosophy
Doches Credit Union’s overall mission is to create a quality, life-long financial relationship with our members by providing valuable financial products and services that meet their financial needs.
Our vision is to advocate the credit union philosophy of “People Helping People” by providing exceptional financial services to all qualified members within our field of membership.
DCU’s philosophy begins and ends with understanding and meeting member needs. Member-owners are at the forefront of all decision made. As a result, DCU offers a full array of financial services including low-rate consumer loans, high-yield savings programs, systematic savings and investments, free checking and debit options, and free online services. For more than 60 years, Doches Credit Union has been an important contributor to the local economy. We remain dedicated to serving the communities in which we operate.
What is a Credit Union?
A credit union is a not-for-profit financial cooperative that offers a wide range of financial products and services. Like other financial institutions credit unions accept deposits and makes loans. But as a member-owned institution, credit unions focus on and provide exceptional service at reasonable rates and then returns surplus income to their members in the form of dividends. Let’s take a look at some of the differences between credit unions and other financial institutions.
What makes a Credit Union Different?
- At a credit union, when you open an account, you're actually buying shares of the company. Rather than being a customer, you're part owner: That's why your account is called a "share."
- Credit Union’s operate as a not-for-profit financial institution where income is returned to its members in the form of better rates, additional services and dividends.
- Credit Unions are run by its members and all members’ are eligible to run and volunteer on the board of directors.
- Credit Unions put people first and they live by the philosophy of “People Helping People”
The Credit Union Difference
In 1935, when credit unions were helping Americans through the Great Depression, the treasurer of a Midwestern credit union said that credit unions were "not for profit, not for charity, but for service," and that philosophy holds true today.
Credit unions continue to look out for their members’ interests and provide a level of service that is not generally available at other financial institutions. Whether it’s providing a loan to help a member cover unexpected medical bills, giving financial counseling to a member whose company closed its doors, or simply offering a better deal on a used car loan, credit unions make a difference for their members and the communities they serve.
Initially, it may be difficult to see the difference in the types of services offered by credit unions or banks and savings and loans. However, once you have spent time in a credit union, you will recognize that there is a world of difference in the attitude and the quality of service which credit unions provide to their members.
Credit unions are not-for-profit financial cooperatives. They give consumers the choice of ownership, because they are owned by the very people they serve. Credit unions exist solely to serve their members, not to enrich an outside group of stockholders.
Credit unions are run by a board of directors, who are volunteers elected by the members of the credit union. The board of directors establish the policies of the credit union. In addition to being an owner, each member, regardless of how much he or she has on deposit, has an equal vote in director elections. Credit unions are democracy in action.
Credit unions are placed in a not-for-profit category because operating income is returned to depositors in the form of higher savings rates and lower loan rates and fees. Credit unions serve as a healthy check on the for-profit banking system. Competitive pricing by credit unions keeps pressure on the banks to increase the rates they pay on savings accounts and lower their fees and rates on loans - all to the benefit of consumers.