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Press Releases


9 April 2018

2018 John Garrison Scholarship Award Winners Announced

April, 2018 Deer Park, TX — Shell Federal Credit Union extends the John Garrison Scholarship Award to graduating high school seniors each year. Recipients are selected based upon academic performance, communal involvement, extracurricular activities, and response to the application essay. The topic for this year’s essay asked applicants to explain the difference between a bank and a credit union, as well as why a young adult would use a credit union over a bank for their financial needs.

More than 140 applications were submitted for the John Garrison Scholarship this year from 49 different high schools throughout Harris County. Ten deserving high school seniors were selected as recipients for the 2018 John Garrison Scholarship award; each of the ten students will be awarded $2,500 to the college, university or vocational-technical school of choice. Below is a list of the 2018 selected scholarship recipients and the college of their choice for Fall 2018.

Blake Hardy of Robert Turner College & Career High School: Texas A&M University.

Brooke Renfro of Deer Park High School: University of Houston.

Kevin Serrano of La Porte High School: University of Texas-Austin.

Landon Watson of Summer Creek High School: University of Texas-Austin.

Mariano Garcia of Pasadena Memorial High School: Columbia University.

Marshall Hartung of Kingwood High School: Stanford University.

Marvin Villatoro of Dobie High School: University of Texas-Austin.

Noah Hartwell of Deer Park High School: University of Texas-Austin.

Thong Nguyen of Deer Park High School: University of Texas-Austin.

Wilkes Varela of Kingwood Park High School: Undecided.

Since 2001, Shell Federal Credit Union has awarded 108 students with the John Garrison Scholarship award totaling $262,500. The John Garrison Scholarship was established in memory of John Garrison, a dedicated volunteer Board Member of over 50 years. His vision and volunteer spirit is still an inspiration for us all. Our hope is that applicants will embrace that same spirit and carry it forward into their careers and volunteerism.

Committed to its communities, Shell Federal Credit Union has improved the lives of thousands through service excellence, community outreach and lasting financial solutions for all stages in life since 1937. Anyone who lives, works, worships, attends school or regularly conducts business in Harris County, Texas can bank with us. To find out more about becoming a member or Shell Federal Credit Union’s youth program, iLife, visit www.sfcuilife.org


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21 Jun 2016

2016 John Garrison Scholarship Award Winners Announced

May, 2016 Deer Park, TX — Shell Federal Credit Union extends the John Garrison Scholarship Award to graduating high school seniors each year. Recipients are selected based upon academic performance, communal involvement, extracurricular activities, and response to the application essay. The topic for this year’s essay asked applicants to explain the difference between a bank and a credit union, as well as why a young adult would use a credit union over a bank for their financial needs.

More than 70 applications were submitted for the John Garrison Scholarship this year from 29 different high schools throughout Harris County. Ten deserving high school seniors were selected as recipients for the 2016 John Garrison Scholarship award; each of the ten students will be awarded $2,500 to the college, university or vocational-technical school of choice. Below is a list of the 2016 selected scholarship recipients and the college of their choice for Fall 2016.

Hannah Jones of Clear Horizons Early College High School: Texas A&M University.

Miguel Serrano of La Porte High School: University of Texas-Austin.

Navya Sankoorikkal of Cypress Woods High School: Brown University.

Ashlyn Campo of Deer Park High School: Blinn College.

Trevor Ruffaner of Clear Horizons Early College High School: Lamar University.

Lacia Engels of Deer Park High School: Texas A&M University.

Lauren Taylor of Deer Park High School: Texas A&M University.

Candice Johnson of Deer Park High School: Texas A&M University.

Montserrat Tijerina of Pasadena Memorial High School: University of Chicago.

Shalini Lakshmi of Alvin High School: University of Houston.

Since 2000, Shell Federal Credit Union has awarded 98 students with the John Garrison Scholarship award totaling $237,500. The John Garrison Scholarship was established in memory of John Garrison, a dedicated volunteer Board Member of over 50 years. His vision and volunteer spirit is still an inspiration for us all. Our hope is that applicants will embrace that same spirit and carry it forward into their careers and volunteerism.

Committed to its communities, Shell Federal Credit Union has improved the lives of thousands through service excellence, community outreach and lasting financial solutions for all stages in life since 1937. Anyone who lives, works, worships or attends school in Harris County can bank with us. To find out more about becoming a member or Shell Federal Credit Union’s youth program, iLife, visit www.sfcuilife.org


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27 Jan 2016

Shell FCU Gifts $24,225 At Event

Deer Park, TX — Over 350 individuals gathered at Shell Federal Credit Union’s Deer Park Branch for the Chasing Change Event on Saturday, January 23rd. The Chasing Change Contest cash prize winners were drawn at the two hour event from 14,704 loans which were obtained with Shell FCU in 2015. The feeling of excitement and anticipation was intense as the crowd enjoyed free snacks, coffee, giveaways, a bouncy house and entered for a chance to enter the Shell FCU money machine. Eight attendees won entrance to the money machine and earned a total of $2,197.

With assistance from a child in attendance, the Chasing Change Contest winners were drawn and announced by Dana Tyson, Sunny 99.1’s morning show host. The runner-up cash prize winners were announced first. Pamela Nalley of Deer Park, Texas won $2,500 and Joel Faught from League City, Texas won $5,000. The first name pulled by our little helper was the $14,528 winner and was announced after the runner-up winners. Dana Tyson announced the winner to be Brittany Province of Bastrop, Texas.



Shell FCU is Focused On YOU in 2016. Win $20k for your dream destination vacation with the Your Trip, Our Tab contest. Obtain an Auto, Signature, Home Equity or Mortgage loan with Shell FCU in 2016 and you will automatically be entered to win. For complete details visit https://www.shellfcu.org/Promotions/FocusedOnYou.

Through a loyal and steadfast commitment to their communities, Shell FCU has improved the lives of thousands through service excellence, community outreach and lasting financial solutions since 1937. Anyone who lives, works, worships or attends school in Harris County is eligible to bank with Shell FCU at any of their nine convenient locations.

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10 Nov 2015

The Place to Work & The Leader You Want to Be

Deer Park, TX — For the fifth year, Shell Federal Credit Union has been named one of the Houston Chronicle’s Top Workplaces. Shell FCU ranked number eight in the mid-size category and was the only financial institution to place in the top ten. The Top Workplace awards recognize outstanding Houston-area businesses based on employee surveys. More than 79,000 Houston-area employees evaluated their employers for this year's Top Workplaces section. Companies are measured on several qualities by their employees such as opportunities for advancement, the value of their pay, benefits, and their bosses’ communication and management skills.

In addition to the Top Workplaces, The Houston Chronicle singles out executives for performance in special categories. The Top Workplaces Leadership Award, among mid-size companies, was presented to Shell FCU’s President/CEO, Jose Rodriguez. For the complete “The chief example office is in” article by Houston Chronicle, visit http://www.chron.com/business/top-workplaces/article/The-chief-example-officer-is-in-6600659.php.

Jose’s response to the staff’s congratulatory messages speaks volumes about his leadership. Jose replied, “My name may be on the award, but it is a testament to each of us and Team Shell because it takes every one of us to make Shell FCU what it is; which is simply awesome and amazing. Each one of us are unique, special LEADERS that lead by example with ethics and integrity … So once again Team Shell, thank you, I love you, and I love my job!”

The Houston Business Journal also named Shell FCU as one of the 2015 Best Places To Work. This year, Shell FCU moved up the list four spots to number twelve. The Houston Business Journal scoring is based on employees' thoughts on their company's corporate culture, amenities, benefits, worker-retention and attraction strategies.

Shell FCU has improved the lives of thousands through service excellence, community outreach and lasting financial solutions since 1937. Through positive support, interest rate reduction and debt consolidation, Shell FCU is changing lives. With nine branches and a suite of online options, Shell FCU offers a full range of financial products and services. Anyone who lives, works, worships or attends school in Harris County, TX is eligible to bank with Shell FCU. For complete details, visit Shell FCU online, in branch or by phone.

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14 June 2015

2015 Food School Supplies Drive

Deer Park, TX — Another successful year is in the books for the Furthering Community Unity (FCU) Team’s annual ‘Everyone’s Gotta Eat’ food drive powered by Shell Federal Credit Union. The food drive is annually hosted throughout the month of May to help fill the shelves of local food pantries before the summer months. During the food drive non-perishable food items for people and pets were collected at all nine Shell Federal Credit Union locations.

This year, Shell FCU encouraged employee participation by allowing employees to wear jeans on selected days for donating items. This incentive brought in over 500 donations from Shell FCU staff. With additional help from local schools over 3,000 items were collected. The donations benefited eighteen food pantries and animal shelters throughout Harris County, TX.

The FCU Team would like to extend a special thank you to the faculty and students at the following elementary schools for their partnership and donations.

  • San Jacinto Elementary, Deer Park, TX
  • Rizzuto Elementary, La Porte, TX
  • Mae Smythe Elementary, Pasadena, TX
  • Jessup Elementary, Houston, TX
  • Lakeland Elementary, Humble, TX

The FCU Team is switching gears and preparing for their annual school supplies drive, Supplies for Students. School supplies and monetary donations will be collected throughout the month of July at all nine Shell FCU locations. The elementary schools who partnered with the FCU Team for the food drive will be the recipients of the collected school supplies. The schools will then distribute the supplies to students in need. Visit any Shell FCU location throughout July to make a donation.

The FCU Team powered by Shell FCU was created to provide volunteer opportunities in our communities and to teach the value of social responsibility in a fun team setting. To learn more about the FCU Team please visit www.govolunteer.org.

Committed to its communities, Shell Federal Credit Union has improved the lives of thousands through service excellence, community outreach and lasting financial solutions for all stages in life since 1937. Anyone who lives, works, worships or attends school in Harris County can bank with us.

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14 May 2015

2015 Everyone's Gotta Eat Food Drive

Deer Park, TX — The Furthering Community Unity (FCU) Team powered by Shell Federal Credit Union is hosting their annual ‘Everyone’s Gotta Eat’ food drive this May. The food drive helps fill the shelves of local food pantries for the summer months. Non-perishable food items for people and pets are being collected at all nine Shell Federal Credit Union locations throughout May. Stop by any Shell FCU location today to make a donation!

The FCU Team partners with local elementary schools for this annual event. Students are given a lunch sack to decorate with their family and return to their school with a food drive donation. Assisting with the food drive not only helps others, but teaches the students social responsibility. The FCU Team works with nine elementary schools and donates to 18 food pantries and animal shelters.

The FCU Team powered by Shell FCU was created to provide opportunities for giving back in our communities and teaching the value of social responsibility in a fun team setting. To learn more about the FCU Team please visit www.govolunteer.org.

Committed to its communities, Shell Federal Credit Union has improved the lives of thousands through service excellence, community outreach and lasting financial solutions for all stages in life since 1937. Anyone who lives, works, worships or attends school in Harris County can bank with Shell FCU.

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14 May 2015

2015 Volunteer Expo

Deer Park, TX — For the second year, Shell Federal Credit Union and the City of Pasadena partnered to host the Volunteer Expo; a free event designed to encourage volunteerism in our communities. Individuals of all ages are in need of volunteer hours or have the desire to give back. However, most are unaware of the many opportunities within our communities.

At this year’s event on April 14th, over twenty-five local nonprofit organizations featured their volunteer opportunities during the two hour event. Over one hundred and fifty attendees gathered free of charge at the Pasadena Convention Center to gain volunteer opportunity knowledge. For visiting each booth attendees earned the chance to win door prizes, including a mini iPad. The mini iPad winner was Mrs. Paula Pierce, a community member.

To learn more about the FCU Team visit www.govolunteer.org. Anyone who lives, works, worships or attends school in Harris County is eligible to bank with Shell FCU. Shell FCU has improved the lives of thousands through service excellence, community outreach and lasting financial solutions for all stages in life for more than 75 years.

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14 Dec 2014

Shell FCU Named Top Workplace for Fourth Year

Deer Park, TX — Houston Chronicle Top Workplaces recognizes outstanding Houston-area businesses based on employee surveys. Companies are measured on several qualities by their employees such as opportunities for advancement, the value of their pay, benefits, and their bosses’ communication and management skills. More than 78,000 Houston-area employees were surveyed from 1,372 local companies to compile the 2014 top 150 companies. The Houston Chronicle named Shell Federal Credit Union the 9th Top Workplace in midsize companies. The list has been in existence for five years and this is Shell FCU’s fourth year to make the list. Shell FCU is the only credit union to make the top 10 in the Houston Chronicle Top 150 Workplaces list in 2014.

The Houston Business Journal has hosted the Best Places to Work awards for more than a decade. The program strives to find the top employers in Houston based off what the employees have to say. Partnering with Quantum Workplace, the Houston Business Journal is able to find the Best Places to Work in Houston, TX. For the first time ever Shell FCU was ranked #16 for the 2014 Best Places to Work by the Houston Business Journal.

Shell FCU knows the importance of “people helping people” and has embedded it in their employees. Continuously giving back to its communities, Shell FCU has provided financial assistance and community outreach to thousands. With positive support, interest rate reduction and debt consolidation, Shell FCU has helped individuals pay off debt and start saving.

Throughout 2014, Shell FCU has been changing lives by offering — auto loans as low as .99%, 90 days deferred payments and $100 cash back for qualified borrowers. Anyone who lives, works, worships or attends school in Harris County is eligible to bank with Shell FCU. At Shell FCU, perfect credit isn’t required. If you have steady income and steady payment history, Shell FCU wants to help you!

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14 Sept 2014

Introducing Shell Retirement, Trust & Investment Services

Deer Park, TX — The Furthering Community Unity (FCU) Team powered by Shell FCU completed their fifth annual “Supplies for Students” drive benefiting Deer Park, Pasadena, La Porte, Pearland, Houston, Humble and Galena Park Independent School Districts.

Throughout the month of July, all eight Shell FCU locations collected monetary and school supply donations. Shell FCU employees purchased jeans on Thursdays, hosted bake sales and raffled items to benefit the drive. In total, the FCU Team raised over $3,200 to purchase school supplies for the designated school districts. Thanks to the efforts of the community, Shell FCU members and employees the 2014 Supplies for Students drive was a huge success.

The FCU Team powered by Shell FCU was created to provide volunteer opportunities in our communities and to teach the value of social responsibility in a fun team setting. To learn more about the FCU Team please visit www.govolunteertoday.org.

Committed to its communities, Shell Federal Credit Union has improved the lives of thousands through service excellence, community outreach and lasting financial solutions for all stages in life since 1937. Anyone who lives, works, worships or attends school in Harris County can bank with us. For more information, visit www.shellfcu.org.

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14 AUG 2014

Supplies for Students 2014

Deer Park, TX — The Furthering Community Unity (FCU) Team powered by Shell FCU completed their fifth annual “Supplies for Students” drive benefiting Deer Park, Pasadena, La Porte, Pearland, Houston, Humble and Galena Park Independent School Districts.

Throughout the month of July, all eight Shell FCU locations collected monetary and school supply donations. Shell FCU employees purchased jeans on Thursdays, hosted bake sales and raffled items to benefit the drive. In total, the FCU Team raised over $3,200 to purchase school supplies for the designated school districts. Thanks to the efforts of the community, Shell FCU members and employees the 2014 Supplies for Students drive was a huge success.

The FCU Team powered by Shell FCU was created to provide volunteer opportunities in our communities and to teach the value of social responsibility in a fun team setting. To learn more about the FCU Team please visit www.govolunteertoday.org.

Committed to its communities, Shell Federal Credit Union has improved the lives of thousands through service excellence, community outreach and lasting financial solutions for all stages in life since 1937. Anyone who lives, works, worships or attends school in Harris County can bank with us. For more information, visit www.shellfcu.org.

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14 AUG 2014

Gas Giveaway

Deer Park, TX — Shell Federal Credit Union changed 150 lives on Wednesday, August 20th as they hosted their second gas giveaway. FREE GAS was pumped at the Sellers Bros Shell gas station located at 3602 Underwood in La Porte at 7AM on Wednesday, August 20th by Shell FCU employees. Vehicles arrived as early as 4AM to be one of the 150 vehicles to receive $30 of FREE GAS. This FREE event was open to the public and recipients did not have to be a member of Shell FCU.

Since the first Gas Giveaway event in October 2013 was so successful among local news and radio stations, Shell FCU decided to increase the number of recipients for their second gas giveaway from 100 to 150. Before the 7AM pumping began, 150 vehicles were already in line while numerous local news stations were airing live. Plus, local radio station 94.5 The Buzz was on site passing out free items and providing live updates on air.

Through onsite media coverage and the power of social media, the FREE GAS GIVEAWAY event spread like wildfire and had an incredible turnout. The event had over 1000 social media mentions from various media outlets and individual shares. Shell FCU also encouraged the free gas recipients to take a 'selfie' while waiting for their free gas using the hastag #shellfie. Several recipients even snapped a 'shellfie' with the Shell FCU employee that pumped their gas.

When Shell FCU was asked why they were paying it forward the answer was simple. Shell FCU is ‘Changing Lives’ every day through community involvement, interest rate reduction and financial literacy. With positive support, Shell FCU helps individuals pay off debt and start saving.

Following the credit union philosophy of People Helping People, Shell FCU is dedicated to serving and giving back to their communities. Anyone who lives, works, worships or attends school in Harris County is eligible to bank with Shell FCU.

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14 June 2014

2014 Food School Supplies Drive

Deer Park, TX — Another successful year is in the books for the Furthering Community Unity (FCU) Team’s annual ‘Everyone’s Gotta Eat’ food drive powered by Shell Federal Credit Union. The food drive is annually hosted throughout the month of May to help fill the shelves of local food pantries before the summer months. During the food drive monetary donations and non-perishable food items for people and pets were collected at all eight Shell Federal Credit Union locations.

This year Shell FCU encouraged employee participation by allowing the employees to wear blue jeans to work if they donated five food items. This movement brought in over 500 donations in just five days. With the help of the community, staff, and local schools over 3,000 items were collected and more than $800 was raised. The donations benefited 15 different food pantries and animal shelters throughout Harris County, TX.

The FCU Team would like to extend a special thank you to the faculty and students at the following elementary schools for their partnership and donations.

  • San Jacinto Elementary, Deer Park, TX
  • Fairmont Elementary, Pasadena, TX
  • Rizzuto Elementary, La Porte, TX
  • Mae Smythe Elementary, Pasadena, TX
  • Jessup Elementary, Houston, TX
  • Pyburn Elementary, Houston, TX
  • Lakeland Elementary, Humble, TX

The FCU Team is switching gears and preparing for their annual school supplies drive, Supplies for Students. School supplies and monetary donations will be collected throughout the month of July at all eight Shell FCU locations. The elementary schools that partnered with the FCU Team for the food drive will be the recipients of the collected school supplies. The schools will then delegate the supplies to their students in need. Visit any Shell FCU location throughout July to make a donation.

The FCU Team powered by Shell FCU was created to provide volunteer opportunities in our communities and to teach the value of social responsibility in a fun team setting. To learn more about the FCU Team please visit www.govolunteertoday.org.

Committed to its communities, Shell Federal Credit Union has improved the lives of thousands through service excellence, community outreach and lasting financial solutions for all stages in life since 1937. Anyone who lives, works, worships or attends school in Harris County can bank with us. For more information, visit www.shellfcu.org.

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14 May 2014

2014 Scholarship Winners

Deer Park, TX — Annually Shell Federal Credit Union awards John Garrison Scholarships to deserving seniors. This year, the students were required to write a 250 word essay on the subject of establish good credit. Examples were also required about developing credit history. Other criteria such as GPA, community involvement, extracurricular activities and volunteer hours play a factor in the scholarship results.

In 2014, more than sixty applications were submitted for the John Garrison Scholarship and eight fortunate students were awarded $2,500. Shell FCU works with the recipients and their college, university or vocational-technical school of choice to fund the scholarships.

These are the 2014 John Garrison Scholarship recipients and their college of choice for fall 2014.

Ian Helaire of Clear Brook HS: University of Texas at San Antonio

McKenna Parr of Deer Park HS: Trinity University

Henry Garcia of La Porte HS: Texas A&M

Kelsey Lindsey of Deer Park HS: Texas State University

Summer Sibley of Summer Creek HS: Texas A&M

William Wu of Clear Lake HS: Rice University

Hannah Booher of Deer Park HS: Trinity University

Ruchika Bengani of Clear Brook HS: Rice University

Since 2000, Shell Federal Credit Union has awarded 79 students $179,500 in John Garrison Scholarships. The John Garrison Scholarship was established in memory of John Garrison, a dedicated Shell FCU Volunteer Board Member of over 50 years. His vision and volunteer spirit is still an inspiration for us all. Our hope is that applicants will embrace that same spirit and carry it forward into their careers and volunteerism.

Committed to its communities, Shell Federal Credit Union has improved the lives of thousands through service excellence, community outreach and lasting financial solutions for all stages in life since 1937. Anyone who lives, works, worships or attends school in Harris County can bank with us. To learn more about becoming a member or Shell Federal Credit Union’s youth program, iLife, visit www.sfcuilife.org.

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14 May 2014

2014 Everyone's Gotta Eat Food Drive

Deer Park, TX — The Furthering Community Unity (FCU) Team’s annual ‘Everyone’s Gotta Eat’ food drive powered by Shell Federal Credit Union kicked off May 1st. The food drive is hosted during the month of May to help fill the shelves of local food pantries before for the summer months. Non-perishable food items for people and pets are being collected at all eight Shell Federal Credit Union locations throughout May. Stop by any Shell FCU location today to make a donation!

The FCU Team partners with local elementary schools for this annual event. Students are given a lunch sack to decorate with their family and return to their school with a food drive donation. Assisting with the food drive not only helps others, but teaches the students social responsibility. The FCU Team works with eight elementary schools and donates to 15 food pantries and animal shelters.

The FCU Team powered by Shell FCU was created to provide opportunities for giving back in our communities and teaching the value of social responsibility in a fun team setting. To learn more about the FCU Team please visit www.govolunteertoday.org .

Committed to its communities, Shell Federal Credit Union has improved the lives of thousands through service excellence, community outreach and lasting financial solutions for all stages in life since 1937. Anyone who lives, works, worships or attends school in Harris County can bank with us. For more information, visit www.shellfcu.org.

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14 Apr 2014

2013 Volunteers of the Year

Deer Park, TX — People helping people is an important philosophy at Shell Federal Credit Union. From that belief a group of Shell FCU employees created a volunteer outreach program named the Furthering Community Unity (FCU) Team more than 5 years ago. The FCU Team started its first year with 145 volunteers who donated over 340 hours back to their communities. To date at least 1500 volunteers have raised and donated more than $75,000 and 7000 hours in the name of the FCU Team.

In 2013, two individuals stood out among the crowd of volunteers to become the FCU Team’s Volunteers of the Year. Jessica Nicholas, an employee at Shell FCU, donated 20 hours of her personal time with the FCU Team. These admirable actions have allowed her to become the FCU Team’s Employee Volunteer of the Year for 2013.

Luisa Herrera, a member volunteer, attended five different events and donated 10 hours of her personal time to be named the Member Volunteer of the Year. Luisa is the youngest member thus far to receive this prestigious honor. She is a perfect example of the dedication that the FCU Team strives to instill in each young volunteer.

The FCU Team awarded Mrs. Nicholas & Ms. Herrera with a unique ‘Volunteer of the Year’ jacket to show their gratitude for their hard work and dedication. The FCU Team powered by Shell FCU was created to provide opportunities for giving back in our communities and teaching the value of social responsibility in a fun team setting. To learn more about the FCU Team please visit www.govolunteertoday.org.

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14 Mar 2014

2014 Membership Certificate

Deer Park, TX — Shell Federal Credit Union has supported the credit union philosophy of people helping people for 77 years. Through interest rate reduction, a loyal and steadfast commitment to their communities and positive support Shell FCU has improved the lives of thousands. Service excellence, community outreach and lasting financial solutions for all stages in life are just a few of the rare characteristics SFCU posses compared to other financial institutions.

Credit unions exist to serve their members and communities. As not-for-profit cooperatives, credit unions use excess earnings to offer members more affordable loans, a higher return on savings, lower fees or new products and services. They serve members from all walks of life, including the underserved and financially distressed.

Members are also the owners and elect a volunteer credit union board of directors based on a one member, one vote principle, regardless of how much he or she has on deposit. Volunteers are an important credit union resource. Presently, more than 100,000 Americans volunteer for their credit unions, serving as board members, committee members or providing other assistance.

As financial intermediaries, credit unions finance their loan portfolios by mobilizing member savings and shares, rather than using outside capital; thus, providing opportunities for generations of members. Because credit unions have no outside stockholders, after reserves are set aside, earnings are returned to members in the form of dividends on savings, lower loan rates and additional services.

Credit unions have operated their own federal deposit insurance fund on a pay- as-you-go basis since 1984. In that year, credit unions voluntarily deposited 1.0 percent of their insured member savings in National Credit Union Share Insurance Fund (NCUSIF), to bring its equity ratio up to 1.0 percent. This recapitalization resulted in a one-time reduction in the federal deficit.

While the NCUSIF is backed by the full faith and credit of the U.S. government, the structure of the insurance fund ensures that only if all of the capital in the credit union movement were exhausted, would any taxpayer funds be spent on credit unions. Like other deposit insurance funds, NCUSIF protects members' savings up to at least $100,000 and individual retirement accounts (IRAs) and Keoghs up to $250,000. No member has ever lost a penny of federally insured funds held in a credit union. The voluntary recapitalization of NCUSIF before problems occurred, and the mechanisms in place to keep the fund highly capitalized, illustrate credit unions' commitment to safety and soundness.

In today’s turbulent world, extending a helping hand to our communities is a top priority at Shell Federal Credit Union. Our programs deliver products and services that are unique and comprehensive in financial education, as well as provide an avenue for volunteerism. Anyone who lives, works, worships or attends school in Harris County is eligible to bank with Shell FCU. For details about Shell FCU visit www.shellfcu.org or stop by any of their 8 branch locations.

As a member of the Cornerstone Credit Union League, Shell FCU enriches the benefits of the membership through advocacy in the federal and state level, resources, staff training, outreach programs, regulatory and compliance support, research data and more.

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14 Mar 2014

2014 Volunteer Expo

Deer Park, TX — Shell Federal Credit Union and the City of Pasadena have partnered to host our area’s first Volunteer Expo. This event is designed to encourage individuals of all ages to give back to their communities. Many individuals are in need of volunteer hours or simply want to give back, but are unaware of the many opportunities within our communities. Local nonprofit organizations will be setup to spread the word on giving back and feature their volunteer opportunities.

The Volunteer Expo will be held on April 8th, 2014 at the Pasadena Convention Center in Pasadena, Texas from 4PM to 7PM. There is no entrance fee and attendees will have the opportunity to win door prizes and a Mini iPad.

Anyone who lives, works, worships or attends school in Harris County is eligible to bank with Shell FCU. Establishing a loyal and steadfast commitment to their communities, Shell FCU has improved the lives of thousands through service excellence, community outreach and lasting financial solutions for all stages in life for more than 75 years.

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