Overall bank rating
|Feature||Insider rating (out of 5)|
|Money market account||3.5|
Pros and cons
If you frequently travel outside of the state, you'll want to watch out for out-of-network ATM fees since most of the credit union's free ATMs are in Texas.
Border's strongest accounts are its
Higher interest rates are also available for 6-month, 2-year, and 4-year share certificates if you deposit more than $10,000.
Money market account
How Border Federal Credit Union works
Border Federal Credit Union has five branches in Texas and serves local Hispanic American communities. You can find branches local in the following cities: Del Rio, Eagle Pass, and Crystal City.
The credit union has 11 free ATMs in the cities that it serves. Members also have access to over 50 free ATMs in Texas and Louisiana through the Stripes Stores ATM network.
For customer service, you can reach one of the credit union's Call Centers. Call Monday through Thursday from 9:00 a.m. to 4:30 p.m. or Friday from 9:00 a.m. to 5:00 p.m.
If you prioritize mobile banking, Border's mobile app may not be up to par. Its mobile app has 3.7 out of 5 stars in the Google Play Store and 2.6 out of 5 stars in the Apple Store.
Border is federally insured by the NCUA. Your deposits will be protected up to $250,000.
How to join Border Federal Credit Union
You are eligible to join Border Federal Credit Union if you or a family member work or live in any of the following counties in Texas:
- Val Verde
To become a member, you'll need to open a savings account with at least $25. You should also bring proof that you live in an eligible county.
The role of Hispanic American financial institutions
Historically, Hispanic Americans have been limited by discriminatory lending practices, which have affected their opportunities to build wealth. Hispanic American-owned financial institutions address this gap, as well as serve other underserved communities.
Border is a Juntos Avanzamos designated credit union, so you can use alternative forms of ID if you don't have a social security number or US ID. You ,ay use a permanent resident card, foreign passport, or Matricular Constrular as a photo ID. Instead of a Social Security number, you can provide an ITIN.
Additionally, you can change Border's website from English to Spanish and receive bilingual customer service.
Border is also involved with its local community. It is partnered with Junior Achievement and NEFE High School to provide financial education to students.
Is Border Federal Credit Union trustworthy?
Border Federal Credit Union hasn't gone through any recent public controversies.
The Better Bureau Bureau rates businesses according to how they handle customer complaints and whether they have transparent business practices. Border Federal Credit Union has an NR rating because the BBB says it doesn't have enough information to rate it.
To see if Border might be an ideal match, read online customer reviews or talk to friends and family about their perspectives.
How Border Federal Credit Union compares
5 (Del Rio, Eagle Pass, Crystal City)
18 (Laredo, Del Rio, Eagle Pass, San Antonio, Brownsville, Buda, McAllen, Zapata)
186 (Texas and Oklahoma, see the full list here)
Competitive interest rates on certificate
Variety of certificates
Free checking account
Hispanic American financial institutions tend to focus on serving their local communities, so you'll have to see which are closest to your home to gauge what your options are. Of the three, the International Bank of Commerce has the most branches, so it may be your best bet if a nearby branch location is a priority for you.
If all three happen to be close by, your decision may rest on which accounts you want to open.
Border Federal Credit Union and International Bank of Commerce both have appealing free checking options. The
With certificates, it's more of a toss-up between Border Federal Credit Union and Falcon International Bank. Border Federal Credit Union has more competitive interest rates, especially on short terms. Falcon International Bank has a greater variety of term lengths, though.