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Millennials: Rethink Credit vs. Debit

There is a generational divide when it comes to shopping: A CreditCards.com survey indicates that boomers and millennials both choose plastic, but for the older cohort the word is “credit,” and for the younger it is “debit.”

Both systems work well but boomers might point out to their juniors that using debit to the exclusion of credit has its handicaps. Millennials prefer debit over credit by a ratio of nearly 3 to 1, according to the survey, even though debit cards offer fewer protections and rewards and don’t help young people build credit.

Credit Union National Association Center for Personal Finance editors point out that, by choosing “debit” and entering a personal identification number, your transaction is treated as an ATM transaction. The editors advise, “Instead, when you’re making retail purchases with your debit/ATM card, choose “credit.” You’ll bypass any potential fees— and the funds still come out of your share draft/checking account.” Another good reason: Credit transactions require a signature, which helps guard against fraud.

If you have questions about our credit or debit cards, email us textelcu@textelcu.org.


Have You Got Your Apps Yet?

It’s here! The brand new Texas Telcom Credit Union app is ready for download today!!

With the new app* you can:

  • Check account balances
  • View recent transactions
  • Transfer funds between accounts
  • Pay bills with E-Pay
  • Find Free ATMs and
  • Shared Branch locations

    iPhone iPad Android

    * Please use your established login and password to access your account through the TTCU app. If you have not accessed your account online previously, your login is your member number and your initial password is the last four digits of your primary phone number. As always, if you need assistance in getting set up, please contact us at 214-320-8818.


    Free Mobile Deposits are also available through the Sprig by CO-OP app! Using your iPhone or Android, you may now deposit your checks into your TTCU account!

  • For Sale

    2.25% APY Enhanced Checking Available Now

    To go along with our forthcoming technology Upgrade 2014, we’ve improved our checking accounts to better serve you! We’ve got three types now, all designed with you in mind. Our traditional Free Checking - no minimum balance, no monthly service charge and no monthly dividend. Our Free Boomer Checking has a $5,000 minimum balance, no monthly service charge and a 0.50% APY. The Free Boomer Checking is designed as a low transaction, retirement-style account. Our Enhanced Checking can earn you an excellent monthly dividend of 2.25% APY. Take a look at these qualifying features; minimum opening balance $100, no minimum balance requirement, $5,000 maximum balance, e-statement and email address required, a minimum monthly direct deposit of $250, and 15 VISA® Check Card transactions per month. A non-qualified enhanced Checking account earns a 0.05% APY dividend. We can transfer your traditional Checking or Boomer Checking to enhanced Checking at your request. Take advantage of this new product today!


    Make Your Loan Payment Online

    It’s quick and easy using POPMONEY! Simply set up a login and password for POPMONEY, and you can use your debit card or checking account from another institution to make a payment or deposit to your Texas Telcom account. Send funds via POPMONEY to textelcu@textelcu.org and BE SURE TO INCLUDE YOUR TTCU ACCOUNT NUMBER.


    Updated Privacy Policy

    We've updated our Privacy Policy with additonal information.

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