On December 8, 1952, thirty-four employees of McAllen High School joined together to establish the McAllen Teachers Federal Credit Union. At the end of the first full year in operation, the credit union had $1,356.00 in total assets and 12 loans totaling over $1,250.00 in loans and 34 members. December 2022 ended with total assets of $66,903,985, total loans of $38,687,143 and with a member base of 7,846 that takes advantage of quality member service which reflects the gains in loans and membership base since they both have greatly increased.