Products & Services

Products & Services We Offer

1) Savings Account Services

a) Morris Sheppard Texarkana Federal Credit Union’s basic savings account. We offer members a small initial deposit of $6. One dollar of this is a one time joining fee. The remaining $5 is the minimum required to open a savings account.

We also offer Share Sub Accounts.  By having a Sub Account, this will allow you to separate special funds from your regular share account, such as a Vacation, Escrow, or Special Account.  We also offer a Christmas Club Account.  We pay a competitive dividend rate that is calculated on a daily balance and compounded monthly.  A member must have a balance of $50 or more to earn dividends.

b) Payroll Deduction Options. We offer our members payroll deductions for both deposits to savings or checking accounts and payments on consumer loans.

c) Direct Deposit.  We accept direct deposit funds to be posted to the members savings or checking account.

d) Direct Withdrawals.  We can withdraw funds from a checking or savings account at another financial institution and deposit these funds into the members savings or checking account or apply these funds to a loan.

e) Insured Funds. The National Credit Union Administration insures the member’s aggregate accounts to at least $250,000.

f) Eligible Membership. All members of an employee’s immediate family (spouse, children, grandchildren, stepchildren, stepgrandchildren, and adoptive relationships) are eligible for membership in the Credit Union.

g) Notary Public. As a member of the Credit Union, you can have official documents notarized by our on-staff Notary Public. Please try to schedule an appointment in advance to make sure that someone will be available to provide this service to you.

h) ATM cards.  Funds can be withdrawn from your share account using an Automtated Teller Machine card.

i) eStatements.  We offer eStatements for all accounts.

2) Term Share Certificates

a) Share Certificate. Initial deposit of $1,000. We will pay a competitive dividend rate that is calculated on a daily balance and compounded monthly.

b) You may make additions to the account at the time of maturity or within the ten day grace period.

c) Early withdrawal penalties will imposed if withdrawal is made before maturity. (In certain circumstances the credit union will allow a waiver of penalty.)

d) Automatically renews at maturity. You may prevent renewal if you withdraw the funds in the account at maturity (or within the grace period).

3) Consumer Checking Account & Services

a) Regular Checking Account.  You must have a savings account before you can open a checking account.  There is no monthly service charge on a regular checking account.  This account does not pay interest.

b) Debit Cards. A debit card can be issued on a member’s checking account to withdraw cash from an ATM or used as a Point-of-Sale purchase with a merchant.

4) Consumer Loan Products & Services

Consumer Loans. Morris Sheppard Texarkana FCU offers various Consumer Loans, including vehicle loans, boat loans, ATV loans, tractor loans, share secured loans, and unsecured loans.


Our Annual Meeting is scheduled for March 23, 2021 at 5:30 pm at Texas City Hall in the council chambers.

Going on Vacation or out of town? Let credit union staff know so we can ensure your debit card works for you.

Find us on Facebook  Like our page for the latest credit union news, promotions, events, and more!

Our hours of operation are Monday-Friday from 9:00am -5:00pm.

The credit union is open during the lunch hour, however, due to our small number of staff there will be times that our office will close for lunch. If we do have to close that time will be from 11:30-12:30. We apologize in advance for any inconvenience this may cause.