Top Benefits With Educational Credit Union
The Educational Credit Union or ECU has been unswervingly serving the educational community as a whole and not just the educational employees for almost three quarters of a century now. One of the oldest credit unions, it was initially named the Topeka Teachers Credit Union because all its starting members belonged to the Topeka School District.
Starting its journey in 1939 as an association of 39 members with an asset of $144, the credit union has grown over the years and is now more than 5000 members strong. Presently it is worth millions of dollars.
To begin with, its services were limited to savings accounts and small loans; now, however, ECU has become a full service financial institution and offers all sorts of services like ATM machines, certificates of deposit, checking accounts, Real Estate loans, Visa Credit and Debit cards and many more services.
Being A Member Of ECU…
As already clarified, the Educational Credit Union is not just meant for teachers. Anyone, who is a part of the educational community, is eligible to become a member and co-owner of the credit union. Once you open a savings account with ECU by depositing a mere $5.00, you will be a member of ECU and then you can enjoy the full-fledged ECU Advantages i.e., its range of products and services.
More On The ECU Advantages…
Here, you will get to know more about the individual ECU products and services.
To start with, know the benefits of your Savings Account. Since, it is your primary membership account, it is also known as Share Account. Your Share Account will earn you monthly dividends on balances over $50.
There are different Savings Accounts for different reasons, occasions and age-groups. Thus, there is Youth Account for small children and Teen Scene Account for teenagers. Then, there is ECU’s Christmas Club Account and the Back-2-School Club Account.
ECU’s Free Checking Account (with its Free Online Banking and Free Touch Tone Teller services) brings to you benefits like Free direct deposits, access to account information Free of charge 24 hours a day, 365 days a year.
With ECU’s Forever Free Checking Account, you will enjoy benefits like Free Online Banking, Free Online Bill-Pay, Free Online Check imaging and Free Unlimited Check Writing. Other benefits include free use of a Visa Check Card and Free unlimited use of 41 ECU ATMs in Emporia, Lawrence, Manhattan and Topeka.
You will need a minimum amount of $100.00 to open the account but there are no minimum balance requirements. You will not need paying any monthly fees and will even get your first 50 checks Free.
ECU’s other interesting gifts to you are its Certificates and Money Market Gold Account. You can buy ECU certificates with a $500 minimum deposit and you will earn nice dividends depending on the rates and terms.
For the Money Market Gold Account you will need an initial deposit of $1,000 minimum. You will receive monthly dividends. You will not be charged any fees unless your account balance falls below $1,000.
The Educational Credit Union lends you money for buying vehicles, both new as well as used vehicles. The repayment options are fair and lucrative.
ECU’s Scholarship Program is undoubtedly one of its star attractions as is its Amusement Park Tickets’ service. Hence, you can book your tickets to Celebration City, Oceans of Fun, Silver Dollar City and Worlds of Fun in advance at any ECU or Service Center location to save your time.
Similarly, the ECU membership makes you eligible for applying for a scholarship worth $500 for a semester (you can even ask for $500 renewals every semester for a maximum of $4,000) to complete higher studies.
