In 1935, 196 Shell Employees came together with $5 each and chartered Shell Employees Federal Credit Union with a total of $980 in assets. At that time, loans were limited to $50 each and deposits to $200. Today, more than 75 years later, the credit union is an institution with more than $430 million in assets and more than 36,000 members.
In 2005, the name changed to “People’s Trust Federal Credit Union” and opened its doors to friends and neighbors within the city of Houston. The high-quality financial products and services of People’s Trust are now available to a wider range of potential new members. People’s Trust offers the same products and services that you’d find at your bank, but with a different approach called Happy Un-Banking. Of course, no matter which product you choose, you’re likely to benefit from being a member. The point is, you can use People’s Trust for a few things or make this your primary financial institution.