Forms & Disclosures






Checking & Checking Plus - $250 Bonus

Bonus: Restrictions may apply. Matching deposit bonus offer is only valid on Secure Checking and Secure Checking Plus. Coupon must be presented at account opening. This offer is valid on new checking accounts only and not in combination with other offers. To receive the $250 checking deposit match bonus: 1) Open a Secure or Secure Checking Plus account, which is subject to approval. 2) Deposit a minimum of $25 at account opening. 3) Have a direct deposit of at least $600 a month deposited to the account within 60 days of account opening. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as social security) from your employer or the government. Matching deposit bonus amount will be determined by the initial deposit made when opening the new checking account and will not exceed $250. All above requirements must be met within 60 days of opening the account. You will receive the bonus match as a credit to your new checking account within 40 business days once all requirements are met. The account must not have a negative balance to receive the cash bonus. Checking account with direct deposit must remain open for a minimum of six months or matching deposit bonus may be debited from account at closing. Offer ends without notice. Registration and activation is required to access benefits. Service Fee: Secure Checking Plus has no monthly fee for veterans, otherwise a $10 monthly fee will apply. Secure Checking Account has no monthly fees for students 25 and under, otherwise a $6 monthly fee will apply. Matching deposit bonus is considered interest and is reportable on IRS form 1099-INT. Membership required. Federally insured by NCUA. 


Auto

APR = Annual Percentage Rate. Rate shown is the lowest rate available for up to 24 months on new and used autos, no additional discounts apply, and is accurate as of February 1, 2023. First payment due date may be set up to 60 days from contract date on auto purchases or refinances. To be eligible for no payment up to 90 days on a lease, you must have a FICO score of 680 or above. Interest will accrue during the deferment period. Loans and Rates are subject to credit approval. Rates and terms are subject to change without notice. Offer excludes existing auto loans already financed at CUTX. Additional terms and conditions apply. This is not a commitment to lend. Membership required.


HELOC

Fixed rate home equity line of credit: Loan has a draw period of 10 years, followed by a repayment period. Interest only payments during the 10-year draw period and will be re-amortized at the time the repayment period begins. If interest only payments are made during the draw period, the loan balance will not decrease.

Variable rate home equity line of credit: Credit Union of Texas offers a variable Annual Percentage Rate (APR) based on the Prime Rate as published in the Money Rates section of The Wall Street Journal (the “Index”) plus a margin based on creditworthiness and credit limit. As of July 27, 2023, the index value is 8.50% . The floor APR will be 3.00%. An increase in the Index will result in an increase in the periodic rate which, in turn, will result in higher payments. In no event, will the APR increase by more than 18% or the maximum rate allowed by applicable law.

The minimum advance during the draw period is $4,000. No closing costs on loans up to $400,000. If, however, an appraisal or a policy of title insurance is required, applicant is responsible for those costs. Property insurance is required, including flood insurance where applicable. Texas homestead properties are limited to 80% combined loan to fair market value for home equity financing. All loans are subject to credit approval and Credit Union of Texas lending policies. Other restrictions may apply. In Texas, there is a 12-day cooling off period on all HELOCs. There is also a three-day right of rescission after closing before the funds may be disbursed. Actual time of funding may differ depending on appraisal, title and other underwriting requirements. This is a limited time offer and is subject to change at any time without notice. The account is subject to application, credit qualification, and income verification; additional evaluation and verification criteria may apply. CUTX home loan programs are only available in Texas. Borrower will be responsible for certain closing costs which may include title insurance. Credit Union of Texas NMLS #576560. Membership required.


FairLease

All leases are subject to credit approval and vehicle availability. Additional terms and conditions may apply. Rates, terms and conditions are subject to change without notice. Terms of lease will vary. Savings are estimates, actual savings may vary. This is not a commitment to lease. FairLease is a wholly owned subsidiary of Credit Union of Texas. Membership required.


Off Lease Specials

APR = Annual Percentage Rate. Offer subject to vehicle availability; leases, loans, and rates subject to credit approval. Rates and terms are subject to change without notice. Additional terms and conditions apply. Terms of lease will vary. This is not a commitment to lend or lease. FairLease is a wholly owned subsidiary of Credit Union of Texas, membership required.

 

Early Pay

Electronic deposits are available up to two business days early depending on timing of receipt into our Automatic Clearing House (ACH) database. Member must be enrolled in direct deposit through their employer. Excludes International deposits.

 

5% Down No PMI

LTV = Loan to Value. PMI = Private Mortgage Insurance. NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX's lending policies, and property approval. Traditional closing costs apply. Prequalification is not a commitment to lend. Membership required.

 

Flexible Home Loan – 5 Yrs Interest Only

NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX's lending policies, and property approval. Rates are fixed and based on your credit history and profile. Rates and terms are subject to change without notice; other restrictions may apply. Interest only payments will apply during the 5 year period and will be re-amortized at the time the repayment period begins. If interest only payments are made during the 5 year period, the loan balance will not decrease. Prequalification is not a commitment to lend. Membership required.

 

Flex Auto Loan

Loans and rates are subject to credit approval. Advertised rates and terms are subject to change without notice. During the month of September 2023, Flex Auto Loan applicants with a credit score of 640 and above qualify for a 1.00% discount on the finance rate. Traditional Financing Payment Example: A $51,000 used auto finance at 7.0% APR; 60 monthly payments of $1,016. Flex Auto Loan Payment Example (including the 1% rate discount): A $51,000 used auto financed at 6.00% APR; 60 monthly payments of approximately $681, with a final balloon payment of approximately $22,777. APR = Annual Percentage Rate. These are actual payment examples for illustrative purposes only and may vary due to individual credit worthiness and/or loan term. This is not a commitment to lend.

 

Recreational Loans

APR=Annual Percentage Rate. Rate shown is the lowest rate available for recreational loans up to 72 months for models 5 years or newer. Finance options for models more than 5 years old are also available. Representative example of repayment terms: For $20,000 borrowed over 60 months at 7.00% APR, the monthly payment is $400.14 (with 30 day to first payment). This example is an estimate only and assumes all payments are made on time. Maximum term for loan amounts of $10,000 - $49,999 is 84 months. Minimum finance amount of $50,000-$75,000 for terms up to 120 months. This is not a commitment to lend. Loans and rates are subject to credit approval and loan program guidelines. Advertised rates and terms are subject to change without notice. Additional terms and conditions apply. Recreational vehicle loans include boats, motor homes, travel trailers, and campers. Membership required.

 

Fast Lane Mortgage

NMLS #576560 CUTX provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX’s lending policies, and property approval. Traditional closing costs apply. Membership required. Additional terms and conditions may apply.

 

TrueCar

Between 1/1/21 and 12/31/21, the average savings off MSRP experienced by consumers who connected with a TrueCar Certified Dealer through a TrueCar-powered auto buying program and who were identified as buying a new vehicle from that Certified Dealer was $1,824. Your actual savings may vary based on multiple factors, including the vehicle you select, region, dealer, and applicable vehicle-specific manufacturer incentives, which are subject to change. The MSRP is determined by the manufacturer and may not reflect the price at which vehicles are generally sold in the dealer's trade area, as many vehicles are sold below MSRP. Each dealer sets its own pricing.


Inflation Fighter 

NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703.  CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX's lending policies, and property approval.  Advertised program is valid as of November 1, 2022 and subject to change without notice. The Inflation Fighter Buydown offer will effectively reduce the interest rate by 1% for the first year of the mortgage. A custodial escrow account will be funded by the lender-paid credit, up to a maximum amount of $6,500, and funds will be dispersed from the escrow account towards each monthly payment to account for the difference in interest during buydown period. Offer valid on fixed-rate conventional purchase money loans for primary residences and second homes eligible through Fannie Mae and Freddie Mac. Offer not valid on Refinance loans or CUTX portfolio programs (Jumbo, Fast Lane Mortgage, 95% No PMI Program), Home Equity, Second Liens, Investment Property, FHA, VA or ARM products, and cannot be combined with any other discounts or promotions. Offer may not be redeemed for cash or credit and is nontransferable. Offer cannot be retroactively applied to any previously closed loans or loans already in process and is subject to changes or cancellation at any time at the sole discretion of CUTX. Additional restrictions/conditions may apply. Member must lock initial rate between 30 and 90 days from the purchase closing date. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines. 


Save the Change

You will be eligible for a one-time match bonus in the amount of $120 on the first $240 in debit card roundups made to your Save The Change savings account each calendar year defined as January 1 through December 31. To qualify for the one-time match bonus: 1) You must be enrolled in Save the Change, 2) Cumulative roundup transfers of $240 must be made to your Save The Change savings account, and 3) All accounts and loans must be in good standing to receive the one-time match bonus not to exceed $120 per calendar year. Save the Change offers a 0.50% Annual Percentage Yield (APY). The APY is accurate as of February 28, 2023 ,and is subject to change. The bonus match will be credited to your Save The Change savings account the following business day after eligibility. If the account is closed or unenrolled from the program before the match is posted, matching bonus will be forfeited. Matching funds may be reported on IRS form 1099.


Save the Change Charitable Roundup

You will be eligible for a one-time match bonus in the amount of $120 on the first $240 in debit card roundups made to the Credit Union of Texas Charitable Foundation Roundup account each calendar year defined as January 1 through December 31. To qualify for the one-time match bonus: 1) You must be enrolled in Save the Change-Charity Roundup, 2) Cumulative roundup transfers of $240 must be made to the Credit Union of Texas Charitable Foundation Roundup account, and 3) All accounts and loans must be in good standing to receive the one-time match bonus not to exceed $120 per calendar year. The bonus match will be credited to the Credit Union of Texas Charitable Foundation Roundup account the following business day after eligibility. If the account is closed or unenrolled from the program before the match is posted, matching bonus will be forfeited. Matching funds may be reported on IRS form 1099. For the CUTX Charitable Foundation Save The Change Roundup Donation Account, all roundup deposits made to and are available in your Credit Union of Texas Charitable Foundation Save the Change Roundup savings account will be transferred as a donation to the Credit Union of Texas Charitable Foundation on the last day of the month. Credit Union of Texas Charitable Foundation is a 501 (c)(3) recognized charity by the IRS. Donations made directly to the foundation will be properly acknowledged and you will be given a receipt for your personal records. Our tax ID number is 87-1159287.


Skip-A-Pay

All signers on the account must agree. We accept payments at any time, however, extra payments will not change the due date of the next scheduled loan payment. Interest will accrue during the skip pay period and when payments resume, unpaid interest will be collected first. In all other respects, the provisions of the original agreement remain in full form and effect. This may/will affect Credit Life and Disability GAP or Mechanical Breakdown (MBI) coverage on your loan. Please refer to your contract. Members with NSF/Overdraft with over 20 days due or overdraft balance over $800 do not qualify. Members cannot have any charge-offs with the credit union. Members are only allowed one Skip-A-Payment every twelve months per loan. Members must provide a valid mailing address. Certain restrictions apply. By participating in the Skip-A-Payment program, you authorize CUTX to advance your loan due date by one month on the eligible loan(s) you select and acknowledge that this may extend the maturity date of your loan(s).


Holiday Skip-A-Pay

All signers on the account must agree. We accept payments at any time, however, extra payments will not change the due date of the next scheduled loan payment. Interest will accrue during the skip pay period and when payments resume, unpaid interest will be collected first. A $25 fee for loan payments under $150 and a $35 fee for loan payments over $150 will apply In all other respects, the provisions of the original agreement remain in full form and effect. This may/will affect Credit Life and Disability Coverage, GAP, or Mechanical Breakdown Coverage on your loan. Please refer to your contract. Members with NSF/Overdraft with over 20 days due or overdraft balance over $800 do not qualify. Members cannot have any charge-offs with the credit union. Members are only allowed two Skip-A-Payment every twelve months per loan. Members must provide a valid mailing address. Certain restrictions apply. Loan types that do not qualify for a Skip-A-Payment include Secured and Platinum Mastercards, Commercial Loans and Business Mastercards, Home Equity Loans, Personal Lines of Credit, Flex Loans, and loans included in a bankruptcy. By participating in the Skip-A-Payment program, you authorize CUTX to advance your loan due date by one month on the eligible loan(s) you select and acknowledge that this may extend the maturity date of your loan(s).

Fast Forward CD
APY (Annual Percentage Yield) assumes interest remains on deposit until maturity. Minimum opening deposit is $1,000. The interest rate on a Certificate of Deposit is fixed. The dividend/interest period will begin on the first calendar of the period and end on the last day of the period. Interest will be credited real time at funding and deposited into your choice of account (checking/savings). A penalty may be imposed for early withdrawals. The penalty will be assessed against the principal due to the upfront payment of the interest. Certificates of deposit renew automatically unless instructed by the depositor. Fees could reduce earning. Advertised CD rates are subject to change at any time and are not guaranteed until the CD is opened. Some expectations may apply. A copy of the Truth in Savings Disclosure will be provided to you before you open your account or is available at any time upon request from a teller. Must meet membership and age requirements. Federally insured by NCUA.

Pay It Later
Your ability to create an Installment Plan will depend on the amount of Your available credit, creditworthiness, and other factors. Terms include 3, 6, or 12-month duration, but will depend on the purchase amount. All purchases must be greater than $100. Maximum amounts will be driven by your current APR and range from $1,000 to $15,000. This does not include a purchase of cash. You can only create an Installment Plan if You receive an offer. The offer will tell You the terms, including the APR, that will apply to that Installment Plan. Balance transfers and cash advances do not qualify for Installment Plans. You will not be eligible for an Installment Plan if You have paid late more than two times in the previous 12 months. You may have up to 10 active Installment Plans at any time, subject to change at Our sole discretion. Ineligible purchases do not display within the Installment Payment Plan Tab. A few examples of purchases that are excluded from an Installment Payment Plan include previous purchases that are on a monthly statement, disputed/fraudulent transactions, balance transfers, cash advances, international purchases, purchases less than $100 and greater than $15,000, and purchases that post with two-days of the statement cut-off date. Other exclusions may apply. Upon acceptance of an Installment Payment Plan, you understand you cannot change or modify the terms.
 
Card Controls
When you place a lock on your debit card via Mobile Banking, it will prevent most types of card transactions from being processed until you take action to unlock your card. However, the lock may not stop card transactions presented as a new recurring transaction by the merchant or the posting of refunds, reversals or credit adjustments to your account. Additionally, transactions and authorizations that occurred prior to locking the card will not be affected. During card processor limited down time, purchases may be approved due to the lock restriction not being enforced by the stand in processor. This feature is available on the Mobile Banking app for iPad, iPhone and Android devices. Data connection required. Locking your card is not a replacement for reporting your card lost or stolen. Contact us immediately at 1-800-314-3828 if you believe that unauthorized transactions have been made. Alerts may be sent to you in the form of an e-mail or text message. Your mobile carrier’s standard text-messaging and data rates will apply.
 
One Digital Trust - Discount 
This offer is valid for a 50% discount on the regular annual cost of $199 for the first year of services with One Digital Trust. This promotion lasts until August 6th, 2023. The discount is applied at checkout and cannot be combined with any other offer or promotion. This discount is non-transferable and has no cash value. This offer is subject to change or cancellation at any time without notice. Additional restrictions may apply.
 
HELOC Stories
By participating in the HELOC Story Campaign ("Campaign"), entrants acknowledge and agree to the following terms and conditions: All entries must be submitted by Credit Union of Texas (CUTX) members who currently have a Home Equity Line of Credit (HELOC) funded with CUTX. Participants must be at least 18 years of age. Entries should be sent to Helocstories@cutx.org and include the participant's HELOC story, photos, and likeness. For the second quarter drawing, submission deadline is June 14th, 2024, at 5 p.m. CST. By submitting an entry, participants grant CUTX permission to use their HELOC story, likeness, and accompanying photos in any marketing or campaign materials. This includes, but is not limited to, social media, website content, emails, and print materials. All eligible entries will be entered into a raffle. The winner will be randomly selected on June 17th, 2024. The winner will be notified via email and phone call from CUTX. If the winner cannot be contacted or does not respond within seven (7) days of notification, an alternate winner may be selected. The winner will receive a $250 Visa Gift Card, may be reportable to the IRS. The gift card can be picked up at one of our branches or can be shipped to the winner's provided address. CUTX reserves the right to publicly announce the winner through various channels, including but not limited to social media, newsletters, and the CUTX website. Participants' personal information will be used only for the purpose of this Campaign and in accordance with CUTX's privacy policy. CUTX reserves the right to modify or terminate the Campaign at any time for any reason.