Exclusive: Your Benefits With Educational Employees Credit Union
The Educational Employees Credit Union or EECU is an area-specific non-profit member owned cooperative. As hinted by the name, membership of EECUs is open to one, who is or has been a school employee.
Other than school employees, students, members of a school organization and/or persons related to a member of the EECUs are also eligible for membership of these credit unions.
What Does The Membership Process Entail?
You have every right to apply for the membership of these credit unions if you are a full/part-time employee or student of an accredited school, college or university. Members of Boards of Education and Boards of Trustees of accredited institutions are also eligible for membership.
Employees of EECUs and its service organization (CUSO), employees or members of organizations sponsored by the certified institutions, staff members of unions and associations that help in the proper functioning of these credit unions can also be members of an EECU.
Retired school personnel and surviving spouse of a deceased member as also immediate family and household members are eligible to become members. Here, the term ‘immediate family members’ has been used to define blood relations as well as relation by matrimony. Likewise, the term ‘household members’ stands for those, who live under one roof and are a part of an economic unit.
If you meet the eligibility criterion, all you will need to open a savings account with a $5.00 deposit to join the credit union for the educational employees. Of course, you can also apply online for membership.
Your Benefits At A Glance …
An Educational Employees Credit Union promises you a number of benefits in the form of its advanced and organized services. Thus, a credit union brings for you a wide variety of loans. Loans are lent for practically any and every purpose – you can borrow from EECUs whether you are in need of quick cash or want enough to endow you with purchasing power. The loans are low-interest loans and you will not even need to pay any hidden charges to procure loans.
The many loan repayment options too give you enough reasons to be happy. If time is at a premium and you would want to avoid the hassles of direct payment, you can choose between Automatic Loan Transfer and Payroll Deductions. These automatic re-payment options also bring to you another benefit in the form of rate reduction of 1/2% APR. You can also avail other advanced electronic services like OptionTeller ATMs and Personal Telephone Access. The Online Access Home Banking allows you to transfer money sitting at your home. These services are available for 24 hours-a-day and allow you make enquiries about loan balances, etc.
At these credit unions, you can expect more! The knowledgeable, expert panels of EECU-advisers pledge you more advantages in matters like investment and in picking up the apt insurance schemes. Sign in with an Educational Employees Credit Union and you will be enjoying your life to the hilt!
