150106-FAFSA-Applications

If you plan to enroll in college this coming fall, it’s time for you to complete the Free Application for Federal Student Aid (FAFSA).

What is the FAFSA and why is it so special?

The FAFSA is a form used by the U.S. Department of Education to determine your eligibility for financial aid programs including grants, federal loans and work study and is based on information about you and your family’s financial situation. Continue reading

141107-Building-Credit

A good credit score is one of the most valuable commodities a consumer can have. After all, your credit standing not only dictates the loan terms you’re offered and the insurance premiums you pay but also affects your ability to rent an apartment, buy a car, or find a job that requires either a security clearance or the handling of money. Heck, it could even have an impact your marital status, since financial irresponsibility is a major red flag for some people.

When all is said and done, your credit standing will either save or cost you tens to hundreds of thousands of dollars – not to mention countless opportunities – over the course of your lifetime. It’s therefore a good idea to make an investment in your credit here and now. But how can you build and maintain a good credit score? Here are some tips: Continue reading

141107-Travelling

November is here and the race has begun to power through the holidays and into 2015. For many of our members, that means traveling across the country or world to celebrate various holidays with family and loved ones. But before you hop on a plane to grandma’s, it’s important to make sure your finances are in order to avoid late payment fees and accidental overdrafts. Continue reading

141028-Mortgage-Planning

With the end of the year rapidly approaching, people may find their focus shifting to holiday plans and family events. Traditionally this also means home buying plans take a backseat to the coordination of Thanksgiving dinner and thoughts about how to pay for all the holiday festivities coming up. Actually, now might be a really good time to focus on what it takes to buy your first home.

Part of buying a home is figuring out what it takes to make it all come together. The fun part is deciding where to look, how many bedrooms you need and if you finally get that game room with the large screen TV. The not-so-fun part is figuring out how much that all costs, what sort of down payment is required and what your monthly budget will look like with your dream home in hand. That’s why planning is very important, and what better time than now to work on putting it together? Continue reading

Saving money isn’t just about making a transfer to your savings account when you have extra money available. It’s about living within your budget so you can pay yourself and stop relying on your next paycheck before it even arrives. So we want to see how you save.

Now through November 21, connect with us on Facebook to submit a photo, image or video demonstrating how you save money, and you could win up to $500 toward your savings account!

Visit EECU on Facebook to Enter

Official Rules

141003 Debit MasterCard Benefits

EECU recently began converting all member debit cards to MasterCard® in order to offer members benefits not previously available. Here you’ll find more information about these benefits. For full details, please review the MasterCard® Guide to Benefits for Debit Cardholders that will arrive with your card.

Extended Warranty

Doubles the original manufacturer’s (or U.S. store brand) warranty of 12 months or less on most item you purchase with your Debit MasterCard®.*

Price Protection

If you make a purchase with your Debit MasterCard® and then see the same product advertised for a lower price within 60 days, you may be eligible to receive reimbursement for the price difference. You can take advantage of this benefit four times each year and may receive up to $250 per claim.* Continue reading

141003-Living-Paycheck-to-Paycheck

Saving money for retirement or buying a house can seem like a pipe dream for people living from one paycheck to the next, just trying to stay caught up on their bills.

The “paycheck-to-paycheck cycle” means every paycheck you receive barely covers all of your regular financial obligations, like student loan repayments, car loans, rent and groceries. Living this way puts you at greater financial risk, as a job loss or an unanticipated expense like a major car repair can put you in a real tough spot.

If you’re living paycheck-to-paycheck, you’re basically living without a financial “safety net.” In addition, it’s tough to really enjoy yourself if you’re constantly worrying about where every dollar goes. Here are three ways to get started on the right track. Continue reading