The Educational Employees Credit Union (EECU) in Fresno, California, has been serving the financial needs of educational employees and their families since its inception. As a not-for-profit, member-owned cooperative, EECU provides its members with a wide range of banking options that are designed to meet their unique financial needs. In this article, we will explore the benefits of banking with EECU and how it compares to traditional banking institutions.
Overview of Educational Employees Credit Union
EECU was established in 1934 with the primary goal of providing financial services to educational employees in the Fresno area. Over the years, the credit union has grown and expanded its membership to include not only educational employees but also their families and other eligible individuals. Today, EECU has over 300,000 members and manages assets of over $3.5 billion. The credit union operates 20 branches in the Fresno area, providing its members with convenient access to a wide range of financial services.
Benefits of Banking with EECU
EECU offers its members a variety of benefits that are not typically found at traditional banking institutions. Some of the benefits of banking with EECU include:
- Higher Savings Rates: EECU offers its members higher savings rates than traditional banks, which means that members can earn more interest on their deposits.
- Lower Loan Rates: EECU also offers lower loan rates than traditional banks, which can help members save money on their loans.
- Lower Fees: EECU has lower fees than traditional banks, which can help members save money on everything from ATM withdrawals to overdrafts.
- Personalized Service: As a member-owned cooperative, EECU is committed to providing its members with personalized service and support.
In addition to these benefits, EECU also offers its members a wide range of financial services, including checking and savings accounts, loans, credit cards, and investment services. The credit union also provides its members with access to a variety of online and mobile banking tools, making it easy to manage their finances from anywhere.
EECU Banking Options
EECU offers its members a variety of banking options that are designed to meet their unique financial needs. Some of the banking options available at EECU include:
| Account Type | Features | Benefits |
|---|---|---|
| Checking Account | No monthly maintenance fee, free debit card, online and mobile banking | Earn interest on your balance, avoid overdrafts with overdraft protection |
| Savings Account | Competitive interest rate, low minimum balance requirement, online and mobile banking | Earn interest on your deposits, access your money when you need it |
| Certificate of Deposit (CD) | Fixed interest rate, low minimum deposit requirement, flexible term lengths | Earn a higher interest rate than a traditional savings account, save for a specific financial goal |
EECU Loan Options
In addition to its banking options, EECU also offers its members a variety of loan options that are designed to meet their unique financial needs. Some of the loan options available at EECU include:
- Auto Loans: EECU offers its members competitive interest rates on auto loans, which can help them save money on their car payments.
- Personal Loans: EECU also offers its members personal loans with flexible repayment terms and competitive interest rates.
- Mortgage Loans: EECU offers its members a variety of mortgage loan options, including fixed-rate and adjustable-rate loans, which can help them purchase or refinance a home.
- Home Equity Loans: EECU also offers its members home equity loans, which can provide them with access to cash for home improvements or other expenses.
EECU Online and Mobile Banking
EECU provides its members with access to a variety of online and mobile banking tools, making it easy to manage their finances from anywhere. Some of the online and mobile banking tools available at EECU include:
- Online Banking: EECU’s online banking platform allows members to view their account balances, transfer funds, and pay bills from the comfort of their own homes.
- Mobile Banking: EECU’s mobile banking app allows members to access their accounts on-the-go, using their smartphones or tablets.
- Mobile Deposit: EECU’s mobile deposit feature allows members to deposit checks remotely, using their smartphones or tablets.
- Bill Pay: EECU’s bill pay feature allows members to pay their bills online, using their checking accounts or credit cards.
In addition to these online and mobile banking tools, EECU also provides its members with access to a variety of financial education resources, including workshops, webinars, and online tutorials. These resources can help members improve their financial literacy and make informed decisions about their financial future.
What are the benefits of banking with EECU?
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EECU offers its members a variety of benefits, including higher savings rates, lower loan rates, and lower fees. The credit union also provides its members with personalized service and support, as well as access to a wide range of financial services and online and mobile banking tools.
What types of accounts does EECU offer?
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EECU offers its members a variety of account options, including checking and savings accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). The credit union also provides its members with access to a variety of loan options, including auto loans, personal loans, mortgage loans, and home equity loans.
How do I become a member of EECU?
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To become a member of EECU, you must meet the credit union’s eligibility requirements, which include being an educational employee or family member of an educational employee in the Fresno area. You can apply for membership online or in-person at one of the credit union’s branches.
