FAQs
Experience smarter banking at Educational Employees Credit Union (E.E.C.U.) Unlike many other types of financial institutions, we are a not-for-profit financial institution solely owned by our members.
Can anyone be a member of EECU? ›
You are eligible for EECU membership if you:
Work for any educational institution, business, association, hospital, or municipality in the Fort Worth area, including Young county. Are related to someone who meets membership requirements or is already an EECU member.
How much money do you need to open a bank account at EECU? ›
Aside from the initial membership deposit of $5.00, there is no minimum balance requirement in an EECU Share Savings account, but a minimum balance of $250.00 is required to start earning dividends.
How much can you withdraw from EECU daily? ›
Visa Debit Card
Enjoy the convenience of accessing your money day or night at any EECU or CO-OP ATM, up to $500 per day.
What kind of bank is EECU? ›
EECU is a not-for-profit credit union, owned by our members. We offer everything you'd expect from a financial institution, but it's our commitment to delivering value, focus on supporting your community, and delivering a faster, friendlier personalized experience that truly reflects the EECU difference!
What type of account is EECU? ›
At EECU, we offer a wide variety of share savings accounts to give you real flexibility in meeting your savings needs. Savings accounts are insured to at least $250,000 and backed by the National Credit Union Administration (NCUA) a federal agency of the United States Government.
How do I get an EECU account? ›
To open your account simply apply online, at any EECU branch, or by phone at 1-800-538-3328.
How do I get an EECU? ›
Setting up credit union membership is an easy two-step process.
- Step 1: Gather Identification Documents. Social Security number or ITIN. Valid U.S. government issued ID such as a driver's license or state-issued ID. ...
- Step 2: Apply Today. Join BECU Online. Apply online using the form above.
Federally Insured
We know how important security is for you. At EECU, savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
Does everyone under EECU gave the same routing number? ›
Are all EECU routing numbers the same? Routing number you need will depend on the transaction. You might need one number to receive ACH transfers, and another to set up automated bill payments. A bank might have a few different routing numbers, but they're never shared with other banks.
If you do, opening an account at a bank or credit union is straightforward. The interest they pay for savings accounts You usually need to make an initial deposit between $25 and $100 to open a savings or checking account. Find out how much you must keep in the account at all times to avoid or reduce fees.
What is the minimum you should have in your bank account? ›
The general rule of thumb is to try to have one or two months' of living expenses in it at all times. Some experts recommend adding 30 percent to this number as an extra cushion.
Can you use any ATM with EECU? ›
EECU is part of the CO-OP ATM Network, which means our members have access to more than 30,000 surcharge-free CO-OP ATMs nationwide (that's more than most banks!). Search by location below to find nearby EECU ATMs and branches, and CO-OP ATMs.
How much is too much to withdraw from bank? ›
For a standard depository account, there are no laws or legal limits to how much cash you can withdraw. Withdrawal limits are set by the banks themselves and differ across institutions. That said, cash withdrawals are subject to the same reporting limits as all transactions.
How much can you take out of EECU ATM? ›
What is the daily withdrawal limit on my ATM/Debit Card? Depending on the card type, you may withdraw $100 - $500 per day. Feel free to contact the credit union at 1-800-538-3328 for more information regarding yo...
Is EECU a Visa or Mastercard? ›
An EECU Visa Credit Card is a smart choice for people who want a great rate, no annual fee, and a variety of features and benefits.
Why did credit union change their name? ›
But one of the biggest reasons credit unions have been changing their names is that segment-based monikers – usually ones that include company names or specific geographic areas – are turning off prospective members.
What is the name of EECU? ›
Educational Employees Credit Union was founded on April 21, 1934, as Fresno Teachers Credit Union by nine educators who shared a passion for providing low-cost financial services to the educational community. By the end of 1937, E.E.C.U. had 156 members and assets totaled just over $10,000.
Why are credit unions called that? ›
The word 'union' can also be confusing. At first blush, you may think that members of a credit union need to be member of a labor union, but that's not the case. Members are simply united together because they share a similar situation. This affiliation can be where they live, where they work or what they believe in.
