"Not for Profit. Not for Charity. But for Service"
C-E Federal Credit Union is dedicated to providing sound financial services responsive to the member-owners. The Credit Union is committed to the philosophy of helping its members and employees in a caring, professional atmosphere.
Who we are
Emsco Derrick and Equipment Company was an oil-industry supply business in Houston.
A federal charter for the Emsco Houston Employees Federal Credit Union was approved
The credit union changed its name to Continental Emsco Federal Credit Union
Groundbreaking for a new C-E FCU office building occurred
We were founded in 1940
Back in 1940, Emsco Derrick and Equipment Company was an oil-industry supply business in Houston. When its employees learned that with a cooperative financial they could have a place to save for their future and make small personal loans when needed, they set about to make it happen.
On April 30, 1940, they received a federal charter for the Emsco Houston Employees Federal Credit Union. Out of 150 employees, nine were charter members. Minimum membership deposits were $0.25, and personal loans were available up to $25. Apparently loans were a brisk business, because the treasurer occasionally had to ask 3-5 "wealthy" members to make large deposits so that they could approve loans.
In 1957, the credit union changed its name to Continental Emsco Federal Credit Union to allow membership eligibility to all Houston area employees, not just employees of the plant in southeast Houston. In later years, the name was changed again to C-E Federal Credit Union.
Mark Wright served as president and CEO of C-E FCU for over 20 years and was recently succeeded by Caprisa Queen who currently serves as President/CEO. Queen stated, "C-E Federal Credit Union is like no other credit union I’ve worked for in the past,” said Queen. “As I stand behind the value that our industry offers—‘a simple idea that people could achieve a better standard of living for themselves and others by pooling their savings and making loans to neighbors and co-workers’—the opportunity to do so here is evident each and every day."
C-E Federal Credit Union continues to operates only a half mile down the road from the original C-E plant, where the office has been for the past 41 years.