Hereford Texas Federal Credit Union is a group of people who have come together as a financial institution to invest in something bigger than ourselves – our community and the people who live in it. We are a cooperative, not-for-profit financial institution who believes in the power of doing things better. We are member-owned and operated through a board of directors elected by the membership. The board establishes and revises policies, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them.