Well, unlike other financial institutions we put our members' needs first and always find a way to satisfy them. Our assistance extends beyond the products and services we offer. We focus on what we can do for our community. Just ask one of our 500 Select Partners, which consist of businesses, associations and organizations in Galveston County and surrounding areas. It's no wonder why AMOCO has been awarded the title of Best Credit Union and Best Mortgage Company by the readers of Galveston Daily News. Join a financial family that offers more!
Meet the team that makes AMOCO exceptional.Executive Team
Each year members have the opportunity to vote and elect members to serve as volunteers on the credit union's Board of Directors. As directors, these volunteers are responsible for maintaining the general direction and control of the credit union. This includes guiding the organization to fulfill its purpose; setting all policies which guide the affairs of the credit union; and ensuring that those policies are properly implemented by the credit union charter, bylaws, all applicable federal/state laws, sound business practices, and the desires of the membership. Our Board of Directors include:
The purpose of the Supervisory Committee is to independently function as a “watchdog” for the membership. The committee oversees all aspects of the credit union to determine that it is soundly managed, that members’ assets are safeguarded, and that the credit union’s financial statements accurately depict the credit union’s financial condition. To fulfill its function, the Supervisory Committee is responsible for monitoring and evaluating the quality of the credit union’s finances, operations, and decisions. The following individuals were appointed by the Board of Directors to serve on the Supervisory Committee:
If you have any complaints or concerns about your AMOCO account, you may contact the Supervisory Committee at the following address: AMOCO FCU, Attention: Supervisory Committee, PO Box 709, Texas City, TX 77592-0709
The Governance Committee started as the Nominating Committee for the credit union and the original intention was to oversee the annual election process for the Board of Directors. However, the growing complexity of the credit union has made it necessary for the committee to expand its role and include other aspects of the governance including recruitment, development, and ongoing training of current and future volunteers. These same individuals were also appointed to serve on the 2019 Nominating Committee.
Interested in serving as a Volunteer Official?
Please fill out this form.
A Volunteer Official must be a member in good standing. Volunteer Officials should not have been convicted of any criminal offense involving dishonesty. Volunteer Officials must be unselfish and willing to act for the benefit of the members. And Volunteer Officials should be sincerely interested in helping the members resolve their financial problems as permissible through services offered by the credit union.
Since being first chartered in 1937, the credit union has grown from $28,000 in assets and 169 members to almost a billion in assets and over 80,000 members to date.
The credit union was originally organized as a Pan Am Employees Federal Credit Union, to serve the financial needs of employees of Pan American Refining Corporation of Texas City.
In 1947, the credit union expanded for the first time to include employees of AMOCO Chemicals in Texas City, and AMOCO (Pan American) subsidiary.
In 1955, the credit union changed its name to Amoco Federal Credit Union to correspond with the new name of its sponsor company, Amoco Oil Refinery. Two years later, and twenty years after organization, Amoco Federal Credit Union claimed $2.6 Million in assets and 3,100 members.
In 1998, Amoco Oil and British Petroleum (BP) merged into BP Amoco and as of 2004 it would be called BP. With that change Amoco Federal Credit Union made the decision to keep the Amoco name because it represented stability and familiarity in the community. The board and management decided to make only one minor change. The "Amoco" name was changed to represent an acronym, making it AMOCO (A Member Owned Cooperative Organization) Federal Credit Union.
Today, AMOCO Federal Credit Union includes a diversified membership that includes 554 local sponsor companies and over 80,000 members located throughout the country. Recognized as one of the largest credit unions in the Houston/Galveston area, AMOCO continues to grow in large part to the satisfaction and loyalty of members and the commitment of our volunteers and staff.
When you join AMOCO, you become a part of a credit union family. A family that understands the importance of relationships and the value of working together. As a member, you’ll always receive favorable rates on loans and deposits and pay little to no fees for checking account services. The more business you do with AMOCO, the more rewarding your rates will be! To show our gratitude, we celebrate our most loyal and active members by offering Member Loyalty Rewards. This program offers exclusive loan rate discounts and certificate rate bonus options. Think of it as a special gift for being a member of our family.
How does the program work?
Rewards are based on your current Member Loyalty Level. The more involved you are with AMOCO, the higher your loyalty level and the greater your reward will be.
Your loyalty level is determined by:
Maximize your loyalty rewards!
What Level Are You?
Member Loyalty Loan Discount Rewards are available on new loans only and exclude all real estate loans, credit cards, line of credit loans, and special promotional loan rates. Member Loyalty Certificate Bonus Rewards are available on new certificates only; including renewals. The Member Loyalty Rewards program cannot be combined with other offers; and is subject to change and can be discontinued at any time without notice.