DATCU Agreement

Corinth, Texas – DATCU and the University of North Texas announced a partnership that makes the credit union the exclusive financial institution for the university and provides naming rights to the UNT football stadium.

“It’s a great marriage between two distinctly Denton institutions,” said Glen McKenzie, DATCU CEO. “We were founded in 1936 by UNT educators and teachers from local school districts for the purpose of serving educators. This partnership honors that original vision and further engrains us into the North Texas region.”

DATCU began as the Denton County Teachers Federal Credit Union on the campus of North Texas State Teachers College, which eventually changed names to the University of North Texas. Dr. V.Y. Craig, Ross Compton, and 11 others pooled together an initial investment of $650 to protect the financial assets of teachers during the Great Depression. DATCU has since grown to more than 100,000 members and assets of $1.5 billion.

The partnership also extends to the UNT Career Center with the credit union offering advice and soft skill seminars to prepare students for professional careers, as well as experiential training in a number of different fields.

“As a proud alumna, I do think it is important to build relationships that honor the vision of our institution’s founders,” said Melanie Vest, DATCU President. “I know UNT has a mission to train and inspire our future leaders. We share that passion and seek to build a solid financial foundation for those leaders.”

The university’s Board of Regents and President Neal Smatresk finalized the partnership during an executive session of their scheduled meeting on July 28. It will be formally announced at a media event scheduled for 2:30 PM on August 1 in the Hub Club of the newly named DATCU Stadium. Installation of new signage is expected to be completed this summer and in time for UNT’s first football game against the California on September 2.

Founded in 1890, the University of North Texas is a Tier One Research Institution and has become one of the nation’s largest public universities with nearly 45,000 students; 4,600 faculty; and campuses in Denton and Frisco as well as system campuses in Dallas and Fort Worth. The athletic department enters a new era in the American Athletic Conference beginning with the 2023-2024 athletic seasons.

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For more information contact: Tommy White, 940-395-9136, [email protected]