Business Details
50+ Years
experience
Fee-Free Banking Solutions in Austin, TX
Amplify Credit Union was founded in 1967 by ten IBM employees in Austin, Texas. As a member-owned financial cooperative, we prioritize community values and technological innovation in all our services. Our team lives and works within the communities we serve, providing personalized financial solutions tailored to Central Texas residents. With over 50,000 members, we combine digital-first banking tools with the personalized touch of a local credit union. Our services include fee-free checking and savings accounts, mortgage loans, and specialized financial products for individuals and businesses.We are committed to financial transparency, offering no hidden fees for overdrafts, account maintenance, or wire transfers. As a federally insured institution, we ensure our members' funds are protected under the full faith of the U.S. government. Our social impact initiatives empower employees to lead local community development efforts. With decades of service, we've built a reputation for reliable, customer-focused banking that prioritizes people over profit. Today, we continue evolving to meet our members' changing financial needs while maintaining our founding principles.
Services
Savings Accounts
Checking Accounts
Certificates of Deposit
Credit Cards
Wealth Management
Insurance Products
Mortgage Loans
Home Equity Loans
Overdraft Protection
Greenlight Debit Card
Details
- Year established: 1967
Highlights and features
- Member-owned financial cooperative serving Texas since 1967
- Over 50,000 members enjoy fee-free banking benefits
- Locally rooted with community-focused financial solutions
- Digital-first services with personalized customer support
- Federally insured savings and checking accounts available
Associations and certifications
- NATIONAL CREDIT UNION ADMINISTRATION (NCUA)
What people say
Lifelong happy customer
Fee-free banking benefits
Exceptional customer service
Community-focused approach
Reliable financial solutions
Services
Mortgage Loans
Amplify Credit Union offers comprehensive mortgage solutions including fixed-rate, adjustable-rate, and specialty loans for Texas residents. With options for first-time buyers, veterans, and rural communities, their team of experienced loan officers provides personalized guidance throughout the process. The credit union distinguishes itself through unique benefits like free refinance options for homebuyers.
Fee-Free Checking
This service eliminates traditional banking fees including maintenance, overdraft, and wire transfer charges. Features include Rebound overdraft protection, mobile banking capabilities, and integration with digital wallets. Account switching is simplified through ClickSWITCH technology, making the transition from traditional banks seamless for customers.
Certificates of Deposit
Time-based savings instruments with guaranteed returns are available in multiple terms from three months to five years. These federally insured accounts offer higher interest rates compared to traditional savings accounts, with no hidden fees or complex rate structures that might reduce earnings.
Wealth Management
Offered through partnership with CUSO Financial Services, L.P., this service provides comprehensive financial planning solutions. Services include retirement planning, investment management, and wealth transfer strategies delivered by certified financial professionals focused on credit union member needs.
Greenlight Debit Card
A family-focused financial education tool provides parental controls and monetary management features for children. Includes chore tracking, spending controls, and financial literacy resources while connecting to Amplify's fee-free banking infrastructure to avoid transaction charges.
People
Kendall Garrison
President and CEO
With 12 years leading Amplify Credit Union, Kendall has grown organizational assets from $1B to over $3B. His 40+ year banking career includes executive roles at Franklin Bank and Synergy Mortgage, combined with community service as Saint Louise House treasurer.
Shaku Selvakumar
Secretary, Board of Directors
Marketing executive with Fortune 500 experience at IBM and Shell, Shaku currently serves as CEO of Activateen. She combines business leadership with community engagement, holding multiple board memberships focused on education and technology ethics.
Willie Everett
Vice-Chair, Board of Directors
With 37 years in finance, Willie brings extensive credit union experience from IBM and Apple. After 34 years of board service including chairmanship, he continues contributing financial expertise while maintaining community ties.
Joyce J. Smith
Emeritus Director, Board of Directors
Retired accounting partner with Atchley & Associates, Joyce combines professional expertise with civic leadership. She serves on multiple boards including the Texas Society of CPAs and Better Business Bureau Education Foundation.
Lemuel C. Williams
Director, Board of Directors
Technology executive with diverse experience in product management and policy. Currently active on the State Privacy Protection Advisory Council and National Association of Corporate Directors, Lemuel brings both technical and governance expertise to the board.
Questions
What makes Amplify truly fee-free compared to other banks?
We eliminate all standard banking fees including overdraft, maintenance, and wire transfer charges without requiring minimum balances or special conditions.
How can I switch my accounts to Amplify easily?
Our ClickSWITCH tool automates the account transition process, handling direct deposits and recurring payments with just basic account information from you.
What mortgage options are available for first-time homebuyers?
We offer FHA loans, conventional mortgages with low down payments, and free refinance options. Our loan officers specialize in guiding first-time buyers through the process.
Is Greenlight Debit Card service really free?
Amplify members receive the premium Greenlight Select plan at no additional cost, including full parental controls and educational tools for financial literacy.
What regions do you serve beyond Austin?
As a Texas-chartered credit union, we serve all 254 Texas counties with expanded digital access for members relocating outside the state.
How are deposit rates determined for certificates of deposit?
Rates are updated quarterly based on market conditions and are standardized across all member accounts without complex tiered structures.
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