It is a cooperative association organized and incorporated under Texas law to help Alamo City members save money safely and conveniently and make it possible for them to borrow at a reasonable rate. The Credit Union is a non-profit organization in that all profits are returned to its members by way of dividends or low rates on loans. Alamo City Credit Union was originally known as Texas Workforce Credit Union when we obtained our charter July 1955. A lot of faith and foresight went into the forming of this solid organization. At the beginning, $1,500.00 was the maximum deposit per shareholder. The loan limit was set at $200.00 and only loan per family. The interest rate was set at 1% of the unpaid balance. Loan applications poured in and $2500.00 was borrowed from Austin TEC Credit Union.