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

140826-Overspending

Worksheet: Track Your Spending

Financial stability isn’t measured by the size of your paycheck; it’s about what you do with it. Knowing exactly where your money is spent each pay period and making sure you’re leaving room for saving is crucial to becoming financially independent. Do any of these thoughts ever cross your mind? If so, you may want to take a look at your budget and reconsider some of your spending. Continue reading

140821-Online-Mobile-Banking

Read Part 1 Here
Read Part 2 Here

Parts 1 and 2 of this series covered a variety of online and mobile features. In Part 3, we will focus on some mobile features you may not be aware of.

Did you know you can apply for a loan or credit card directly from your mobile phone?

EECU has a loan application form that is formatted perfectly for a mobile phone screen. Simply click the “More” button inside the mobile app or on the home page of the mobile website, and then select the vehicle loan, personal loan, or credit card loan application link. Once your app is submitted, it will be handled promptly by a member of our team. Continue reading

mobile-banking

If you are online reading this right now, chances are you already use EECU’s online banking services. However, if you are like me, you have a routine set of pages you visit when you go online and may have missed some of the great services we offer to our online and mobile users.

Did you know you can see your accounts at other financial institutions on your EECU online banking home page?

Our FinanceWorks™ tool allows you to connect to your external accounts by selecting a financial institution and providing login credentials (The credentials are encrypted and stored securely so your passwords are safe.). Once per day, FinanceWorks™ logs into your external accounts and downloads balances and transactions. The transactions are available in FinanceWorks™ and your balances appear both in FinanceWorks™ and on the online banking home page. This allows you to have one convenient place to see any deposits, loans or investments you have elsewhere. Continue reading

140506-Teens-Credit-Cards

Americans owe $854.2 billion in credit card debt, with the average household carrying a balance of $15,191 on their credit cards. As a parent, you don’t want your teen to contribute to that statistic. That’s why offering savvy credit management advice early on is especially important. Informed teens understand the risks associated with abusing their credit card, so be sure to cover the following five topics before you sign up for that card.

1. Communicate who will foot the bill

It’s tough to watch your child struggle to pay off debt, especially when you can cover their expenses. However, bailing them out will prevent them from learning how to spend wisely. The National Foundation for Credit Counseling advises you not to bail them out, but to take them to a credit counselor to encourage them to ask for help when they need it. By setting boundaries and pointing them to experts who can help, you enable them to independently find solutions that will get them out of debt. Continue reading

140320-Home-Equity-Loans

We’ve always heard that owning a home is a great investment. The problem is, barring a plumbing catastrophe, that investment is not liquid. Your home’s value is locked up and hidden deep inside those four walls. Before 1997, due to stringent homestead protections, Texans weren’t able to tap the equity in their home, but since then the laws have changed and you can gain some liquidity from your most precious investment, with some limitations.

Texas protects homeowners

In an effort to protect homeowners, the Texas Constitution lays out some stringent rules for lenders in regards to home equity loans and lines of credit. Continue reading