Texas Bay Area Credit Union

All persons living, working, worshiping or attending school in these communities are now eligible for membership in our ever-growing and progressive financial institution.

• Deer Park
• La Porte
• Pasadena
• North Channel Area
• Channelview
• Galena Park
• Jacinto City
• North Shore
• Sheldon
• Southeast Houston
• Anyone that lives, works, attends school, or worships within a ten mile radius of any of our offices

Texas Bay Area Credit Union (TBACU) was formed on May 18, 1936 . Although the credit union adopted its current name recently, it was originally chartered as Houston Sinclair Refinery Employees' Federal Credit Union . The meeting to form the credit union was held at the Pasadena High School in front of 225 people and was lead by Mr. Bergeron, a representative of the federal government. A charter fee of $25.00 was paid to the U.S. Treasury to establish the credit union.

At that time, a membership share was set at $5.00 and the maximum deposit limit was set at $200.00. At the same time the maximum amount for a secured loan was set at $200.00 and the maximum amount for an unsecured loan was $50.00. The dividend rate was set at 6% and was to be paid annually.

The credit union's first meeting was held on June 3, 1936 when credit union officials were elected. L. E. McMakin was elected president, G. L. Hess was elected vice president, W. B. Joseph was elected treasurer, and M. A. Joanen was elected to be the secretary. The Board of Directors requested that the treasurer should be bonded for $1,000.00 as soon as possible. The credit union started its operation from inside the refinery plant.

In 1962, the board of directors voted to change the name to Sinclair Houston Credit Union and in the 1970s the name changed to Atlantic Richfield Credit Union. The current name, Texas Bay Area Credit Union, was changed in the 1990s.