FML13-Blog

April is Financial Literacy Month, and we want to hear from you. What questions do you have about managing your money and finances? We’ll be accepting questions all month and giving you the answers to what matters most to you.

Submitting is easy! Just leave a comment below, tweet us at the @EECUdfw handle or post on our Facebook page at facebook.com/eecudfw. We’ll keep you updated with answers to the questions we receive here on our blog, on our Facebook page and through our Twitter account, so be sure to Like us, follow us and keep checking back for insight into the issues that matter most to our members. Continue reading

For our members who love to check in wherever they go, popular location-based app Foursquare has released some exciting news that may put more money in your pocket. Now, by connecting your EECU Visa® debit card and your EECU Platinum MasterCard®, you can unlock savings when you check in and use one of your cards at retailers who offer specials.

Connecting your cards is easy. Just visit your profile in the Foursquare mobile app and select “Settings.” Then, select “Connected Cards and Savings.” The app will lead you through the process.

Foursquare-credit-card-link Continue reading

Each year, EECU welcomes members to its Annual Shareholders Meeting to hear about milestones the credit union has reached in the past year, introduce new board members and have fun. And as a member, you’re invited:

What: 78th Annual Shareholders Meeting
When: Thursday, March 28, 2013, 6:00 to 8:00 PM
Where: The Round Up Inn, Will Rogers Memorial Center, 3401 W. Lancaster Ave, Fort Worth, TX 76107

Come out to Will Rogers to meet our newest board member, try out our mobile apps and take home a surprise. Parking will be complimentary. Simply tell the attendant you are with EECU. We hope to see you there!

 

Fort Worth-based financial institution serves community lending needs

FORT WORTH, Texas—Fort Worth-based credit union EECU has surpassed $1 billion dollars in loans. The milestone came near the end of the 2012 calendar year and has been sustained since.

“We are excited about reaching the $1 billion mark,” said Lonnie Nicholson, president and CEO of EECU. “This milestone represents our commitment to developing the financial solutions that North Texans are looking for. We’re committed to the success of our members and to the growth of the communities we serve, and $1 billion in loans is a reflection of that mission.”

One of North Texas’ largest locally owned financial institutions, EECU offers new and used auto loans, recreational vehicle and boat loans, mortgages, home equity loans, personal loans and credit cards. Continue reading

Article written by Barry Paperno for Credit.com

Some things never change when it comes to what annoys people about credit scores. While consumers’ understanding of credit scores has evolved over the years, within that always-increasing level of understanding there remain some parts of credit scoring, such as inquiries, that people just don’t seem to get. They get the idea of late payments and maxed out credit cards predicting risk. But inquiries?

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A credit inquiry is a notation that goes on your credit report every time your credit report is accessed by anyone with a “permissible purpose,” as defined by the Fair Credit Reporting Act. Inquiries remain on a credit report for two years, and generally fall into two categories: hard and soft inquiries. Only hard inquiries from within the past year can impact credit scores. Older hard inquiries and soft inquiries are ignored by the scores entirely. Continue reading