Select Federal Credit Union is a community-focused credit union serving Eastside San Antonio residents with $41M+ in assets and over 7,000 members since 1939.
Data compiled from public sources · Rating from CreditDoc methodology
Select Federal Credit Union was originally chartered in 1939 as a San Antonio railroad federal credit union to serve employees of the Southern Pacific S.A. Division Railroad. The organization expanded its field of membership to the broader community in 1986, transforming from a railroad-exclusive institution into a regional credit union. Today, Select FCU maintains over 7,000 members and assets exceeding $41 million, positioning itself as a stable financial institution rooted in the Eastside San Antonio community.
The credit union offers a comprehensive suite of consumer financial products including multiple savings accounts, checking accounts, credit and debit cards, auto loans, and personal loans. Members can access these services through free online banking, free mobile banking, and a free telephone audio response system called Select 24. All savings accounts are protected by National Credit Union Administration (NCUA) insurance up to $250,000. The institution provides quarterly statements for accounts without ACH activity and monthly statements for those with regular transfers.
Select FCU distinguishes itself through its localized community focus and membership eligibility structure based on residency, student status, or church membership within its defined field of membership. The credit union emphasizes personalized, individual service and explicitly positions itself around helping members save money, improve credit scores, and achieve overall financial well-being. This contrasts with larger national institutions by offering relationship-based banking with dedicated member service representatives.
While the website demonstrates basic financial services and NCUA insurance protections, the company provides limited detail about specific loan products, interest rates, fees beyond the downloadable schedule, or competitive advantages in pricing. The membership eligibility restrictions, while community-focused, may limit accessibility compared to banks with open enrollment. No information is provided regarding branches, ATM networks, or service hours beyond a single phone number.
Yes. Select Federal Credit Union is a registered company, headquartered in San Antonio, TX.
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CreditDoc Diagnosis
Select FCU is best for Eastside San Antonio residents, students, and church members who value community-focused banking and personalized service from an established, NCUA-insured credit union. The main caveat is its restricted field of membership—eligibility is limited to specific geographic areas and groups, making it inaccessible to the general public, and the website lacks transparency on rates and specific product terms.
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