Products & Services



Products & Services We Offer

1) Savings Account Services

a) Share Savings. 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.  Members are allowed to raise their grand total savings balance up the the maximum of $50,000.  Dividens will continue to accrue.  We pay a competitive dividend rate that is calculated on a daily balance and compounded quarterly.  A member must have a balance of $50 or more to earn dividens.

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  Funds can be withdrawn from your share account using an Automtated Teller Machine card.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

3) 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.