In November of 1979, a group of Hermann Hospital employees, along with Hermann Hospital’s management, got together and filed for a credit union charter with NCUA. These employees and the hospital realized the need for a credit union, since some of the hospital employees were using unconventional financial service providers. From the credit union’s inception, the philosophy of “people helping people” was instilled in the credit union’s management and in the way it provides services to its members. The philosophy of providing low cost financial services to its members is still the credit union’s prevailing operating philosophy today.

NCUA granted charter number 23582 on January 24th 1980 to Hermann Hospital Federal Credit Union. The credit union began operations inside the hospital, sharing space with the medical records department. The first few years were a financial trial for the credit union, but with strong backing from the sponsor and dedicated support by its members, the credit union grew, eventually outgrowing it’s initial small space inside the hospital.

In 1986 the credit union moved across the street from the Hospital into a building owned by Hermann Hospital and petitioned NCUA in June of 1986 to change the name to Hermann Affiliated Federal Credit Union. This name change was facilitated to accommodate the sponsor’s affiliation of a hospital system in Southeast Texas, which had 12 medical facilities. The credit union continued to offer more financial services to Hermann Hospital employees and to the newly affiliated medical facility’s employees. This affiliation arrangement was dissolved around 1988. By 1990 the credit union became a full service financial provider, offering a various selection of financial services.

In April of 1997 the credit union members voted to change the name to Bayou City Federal Credit Union. This was done due to the pending merger of Hermann Hospital and Memorial Hospital. The credit union petitioned NCUA in November of 1997 to change its field of membership to include all employees of the newly formed Memorial Hermann Healthcare System, located in Houston, Texas.

In February 2005 NCUA granted a field of membership change to the credit union, which allowed it to serve individuals who live, work, worship, or attend school, or businesses in a geographical area of Southeast Houston. A precise definition of this geographical area can be found under the “field of membership” description.

Bayou City Federal Credit Union (BCFCU) continues to grow and prosper by serving the members who can least afford financial services provided by other entities. Over the last forty years BCFCU has continued to grow and prosper. As of 12.31.2020, BCFCU was a well capitalized credit union with over $28 million in assets.