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Mission Statement
  The Big Spring Education Employees Federal Credit Union was organized in 1955 to provide its members with a safe, convenient place to save. and a source of low-cost credit when needed.  Improving current services and providing new ones for our members is our goal.  Our ability to provide these expanded services requires that each of us perform our duties cheerfully, faithfully and conscientiously.  The Board of Directors, management and our members (who are actually our employers) expect it.      
History

The credit union idea was born more than a century ago in the heart of Frederick William Raiffeisen, mayor of a small town in Germany.  The atmosphere of its birth was famine among farmers.  Debt of epidemic proportions and unscrupulous money lenders were taking all that the farmers owned.  Deeply troubled by the suffering of his people, Raiffeisen appealed to wealthy citizens for aid, but their help was inadequate.  This was the time for the dawn of a new idea and it came to Raiffeisen in these troubled times - an idea that people could surmount this common problem of poverty by pooling their own meager savings and lending them to each other at a low rate of interest.  This was the credit union idea.
Definition of a credit union

A credit union is a cooperative financial institution, owned and controlled by the members who use its services. Credit unions serve groups that share a common bond, such as where they work, live or go to church. Credit unions are also not-for-profit and exist to provide a safe, convenient place for members to save money and to get loans and other financial services at reasonable rates.

In credit unions, the members are the owners. Benefits of ownership include better rates on deposits and loans and better service. Regardless of their size or field of membership, credit unions are different than for-profit financial institutions. Credit unions exist to serve their members. Banks and other financial institutions exist to make money for their stockholders.

From World Council of Credit Unions

 

 

Big Spring Main Office

1110 Benton   Big Spring Texas 79720 
(432) 263-8393   Fax (432) 263-4817
Big Spring Office Hours
Monday-Friday 9:30 AM to 5:30 PM
Mitchell County Branch 

2135 Hickory Street   Colorado City Texas 79512 
(325) 728-3445  Fax (325) 728-8350
Mitchell Branch Office Hours
Monday-Friday 9:30 AM to 5:30 PM
Toll-free out-of-area: 1-800-299-8393     --     Email: bseefcu@crcom.net

National Credit Union Administration
Your savings federally insured to at least $250,000.00
and backed by the full faith and credit of the United States Government

An equal opportunity housing lender

National Credit Union Association 

Texas Credit Union Association
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Page last edited February 03, 2014