OMOM FCU opened its doors in 1965 with 10 members and $5.00 each. Today the credit union has over 750 members with $2.1 million dollars in assets. The credit union is governed by the National Credit Union Administration and presently has a nine-member board with a credit committee, supervisory committee and a marketing committee.
Additionally, unlike banks, which are owned and operated by stockholders who are focused on generating profit, Our Mother of Mercy Federal Credit Union is owned by you, the member. Your membership gives you ownership as to how the credit union is run. YOU get paid the dividends, not a separate set of stockholders who may not even transact business with Our Mother of MercyFCU . And YOU reap the rewards of lower interest rate loans and higher dividends on deposit accounts. Our Board is made up of nine members, such as yourself, and the Board is elected by the membership to serve in this volunteer position.
The board meets every last Wednesday of the month at 6:00pm in the credit union building.
The Credit Union is located in the Leonard J. Llorens Sr. & Jesse J. Balthazar building between the Church and the Rectory. Conveniently located only five minutes from downtown Houston.