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About Fannin County Teachers Federal Credit Union

Unlike a bank, Fannin County Teachers FCU is owned by its membership. We are a not-for-profit institution, which allows us to offer lower loan rates and higher dividends on your deposits.

Since 1969, we have treated every member like they were part of our family. Other institutions may offer similar services, but they can never match our personal touch.


Fannin County Teachers FCU (FCTFCU)  has as its mission the responsibility for providing an efficient, effective, and well-managed financial institution that meets the needs of its membership. In order to accomplish this mission, FCTFCU will continue a sound yet progressive asset management strategy and provide new and improved financial services to current and future members through membership input and management initiatives.

History and Structure

FCTFCU is a voluntary, nonprofit, cooperative association of individuals sharing a common employment bond as defined by our field of membership. Each member is an owner of the Credit Union and is entitled to a single vote regarding the business of the Credit Union. FCTFCU was chartered in December 1969. The Credit Union was established to provide employees in the Fannin County school districts as well as employees of Fannin County. We also welcome immediate family members of these select employees as a means to save and borrow money.

Each year Members gather at the Annual Meeting to elect our five-member Board of Directors from the Membership and to conduct other such business as may be brought to the meeting’s attention. Board members are uncompensated volunteers. The Board of Directors elect their own officers from the group that the Membership elects to serve as directors. Our officers consist of Chairman, Vice Chairman, Secretary and Treasurer. The Board is ultimately responsible for the success of the Credit Union and sets Credit Union policy. The Board appoints the Supervisory Committee and hires the Manager.

The Board is directly responsible to the Membership. The Supervisory Committee is the Credit Union’s and the Membership’s watchdog. While it is appointed by the Board from the Credit Union’s Membership, it too is directly responsible to the Membership. The Committee is responsible for regulatory and procedural compliance and Credit Union safety and soundness. The Credit Union Manager is hired by the Board of Directors. The Manager reports directly to the Board. The Manager is responsible for the execution of the Board’s directions in the daily operations of the Credit Union and in meeting Members’ expectations. The Manager hires and manages the performance of all staff for the benefit of the Membership.

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