University Federal Credit Union, located in Austin, Texas, is a nonprofit locally owned financial institution. The credit union provides a wide range of financial services to its members and operates a full-service branch in Galveston. It provides various types of savings and checking accounts, such as eChecking and Advantage-PLUS Checking for students, general community and corporate clients. Its Advantage-PLUS Checking offers flexible rate of dividends to its members and computerized utilities bill payment processing services. It additionally provides the Money Market-PLUS account that offers unlimited deposits and withdrawals and monthly compounded dividends. Additionally, University Federal Credit Union s savings accounts offer basic savings plans to its members and access to funds through 24-hour ATMs and phone and Internet banking options. The credit union additionally offers loan options for the purchase of automobiles, real estate development, and home-equity and educational loans. It also offers classic, gold and platinum credit cards and insurance services through its subsidiary, UFCU Financial Services.