Shell Federal Credit Union was granted its charter by the United States government in 1937. Shell Federal CU began with an organizational meeting of forty employees of the Shell Oil Company in the Shell Oil Refinery Clock House. Any employee that wished to become a member was charged $0.25 as a membership fee.
Today, Shell FCU is a small but dedicated credit union in the state of Texas. It is lead by its President and CEO, Jose Rodriguez. Shell Federal Credit Union is a not-for-profit member owned and operated credit union. It has over 260 million in assets and in 2008 consisted of over 43,000 members. Shell Federal Credit Union has 4 branches located in and around the Harris County area. Shell Federal Credit Union has its charter with the National Credit Union Administration and is an Equal Housing Lender.
Shell Federal Credit Union Services
Shell Federal Credit Union offers a wide array of products and services. Shell Federal Credit Union offers checking, savings, business banking, insurance, investments, and online solution services. Shell Federal Credit Union offers a free basic checking account with no minimum balance requirements as well as a BE GREEN checking account as a part of its GREEN initiative. BE GREEN reimburses ATM fees and allows you to earn a higher yield on balances up to $20,000.00 once qualifications are met. Shell FCU offers benefits to seniors with a checking account geared towards ages 55 and above with free personal checks, free cashier checks, free money orders, as well as discounts on wire transfers and safe deposit boxes.
Shell Federal CU business solutions services range from online banking, business loans and line of credits, business MasterCard, equipment loans, as well as commercial real estate loans. Shell Federal Credit Union also helps its business members save time and money by processing payroll through ACH Direct Deposit. Employees of business members have their earnings in their accounts in a timely manner and business members eliminate the cost and time associated with writing checks.
Shell Federal Accounts
Shell Federal Credit Union offers traditional savings accounts, youth savings accounts, a Christmas Club Account, as well as IRA’s. Shell Federal has partnered with CUNA Mutual Life Insurance Society to handle investments and insurance products. Through CUNA Mutual Life Insurance Society the Credit Union is able to offer a full range of insurance products that includes homeowners insurance, life insurance, health insurance, automobile insurance, and small business insurance, just to name a few. Along with insurance, CUNA offers brokerage services, mutual funds, annuities, and college savings plans.
Shell Federal and Community
Shell Federal Credit Union formed the Furthering Community Unity Team in 2008 as a response to Hurricane Ike. The Furthering Community Team has helped in the community by working with local Habitat for Humanity projects, participating in blood drives, and walking to help fund cancer and autism research. The Shell Federal Credit Union Furthering Community Unity Team is open to anyone who wishes to give back to the community and help those in need and they continue to find and plan events that benefit its members and surrounding communities.