Originally founded on October 21, 1937, towards the end of the Great Depression, Houston Police Credit Union was created by Houston police officers to establish a financial institution that was owned and operated by the local police force—a financial cooperative. Their mission was to provide reasonably-priced loans and a safe place for life savings for Houston Police Department employees and their families.
The credit union had 14 charter member-owners and in the beginning, was a meager operation. When a member-owner wanted to apply for a loan, an appointed officer would take the paperwork in his squad car to the member-owner and then return the forms to the credit union, which was originally a small office in HPD's Property Room. Alex Laux was the first approved loan. The loan limit was $25.00.
In 1966, with over 2,150 member-owners and $2.5 million in total assets, the credit union grew large enough to warrant moving out of HPD headquarters and into a separate building. Located at 1600 Memorial Drive, it is still in use as the main branch today.
Membership, assets, and product and service offerings have continued to increase over the years. With a board of directors comprised of HPD executives and officers, the credit union has continued to remain relevant to the lives of its member-owners, even adapting the drive-up at the main branch to accommodate various official vehicles including SWAT trucks and helicopters.
As our membership has grown, so has the credit union. As of 2019, the credit union serves HPD staff, employees, and their families in three locations. Membership has grown to over 28,000 and assets have reached over $721 million. From serving academy recruits with equipment loans to retirement savings and planning, our credit union has become a vital part of our member-owners' lives through every stage of their career.
Company Details
- Employees
- 58
- Founded
- -
- Address
- 1600 Memorial Drive, Houston,tx 77007,united States
- Phone
- 713-986-0200
- hp****@****cu.coop
- Industry
- Banking
- NAICS
-
Commercial Banking
- Website
- hpcu.coop
- HQ
- Houston, TX
- Competitors
- Texas Bay Credit Union, AMOCO Federal Credit Union, Energy Capital Credit Union, Associated Credit Union of Texas (ACU of Texas), Shell Federal Credit Union, Wellby Financial, Members Choice Credit Union (Houston, TX), Smart Financial Credit Union, Houston Federal Credit Union, First Community Credit Union - Houston, TX.
Houston Police Credit Union Questions
Houston Police Credit Union's helpline number is 713-986-0200
Houston Police Credit Union's website is hpcu.coop
Houston Police Credit Union's LinkedIn profile is https://www.linkedin.com/company/houstonpolicecu
Houston Police Credit Union has
58 employees.
View email and phone details for 58
employees at Houston Police Credit Union.
Houston Police Credit Union's industry is
Banking
Houston Police Credit Union's top competitors are
Texas Bay Credit Union,
Amoco Federal Credit Union,
Energy Capital Credit Union,
Associated Credit Union Of Texas (Acu Of Texas),
Shell Federal Credit Union,
Wellby Financial,
Members Choice Credit Union (Houston, Tx),
Smart Financial Credit Union,
Houston Federal Credit Union,
First Community Credit Union - Houston, Tx.
Houston Police Credit Union's support email address is hpcu@hpcu.coop
Houston Police Credit Union's categories are Banking
Houston Police Credit Union's founding year is 1937
