During the fall 2013 semester, EECU will be hosting an intern from Texas Christian University. Through the internship program, she will have the opportunity to gain exposure to the operations of your credit union and to contribute to EECU’s mission of educating individuals about personal finances by leading a program for TCU students. Stay tuned throughout the semester for updates from Menglu Cai about what she’s learning!

Coming from an engineering family, I find my passion in the business world. Now, I am studying accounting and finance at Texas Christian University. As a senior, I have enough fundamental knowledge about my majors, but I don’t have any related work experience. However, accounting and finance are all about being practical. Some business students might be able to get the real experience from their family. However, coming from an engineering family, I need to find my own way into the business world. I think the only way to get into the real professional world is through an internship. I really appreciate that EECU Credit Union is providing me with this valuable opportunity. Continue reading

Tuesday evening, we will make updates to EECU’s Online Banking program to enhance security for your accounts. Many of you have already updated your account with a new username and a phone number or email address for account verification purposes, but if you haven’t already, you will be required to do so when you log in after the update.

What will change?

The first time you log in after the update, you will be greeted with a new screen. What you are asked to do at that point will depend on your current settings.

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EECU’s investment services team works each day to help our members choose investments and build portfolios that support their immediate and long-term financial goals. And in doing so, our advisors have become familiar with common concerns and misconceptions of the investments world. Here, they weigh in on a few of the most frequently asked questions.

Can you get me higher returns on my investments?

The short answer is, “Yes.” The long answer contains an honest question: “How much risk are you willing to take?” You see, there are always investments that offer higher rates of return, but it’s not comparing apples to apples. Higher risk—and sometimes lower quality—investments often have to pay higher yields to attract investors. Not all investors can afford or stomach the risks associated with these. There are, however, investments that balance out the risk and have a good track record of producing above-average income without as much risk. Of course, it’s important to note that these still carry more risk than a federally insured savings account or certificate of deposit (CD). Continue reading