140327-Windows-XP-Screen

If this is the screen you see when you boot up your computer (nearly a quarter of computer users do), April 8, 2014, is a very important date for you. The image above is from Windows XP, which Microsoft released with much fanfare in October 2001. They tried to replace it with Windows Vista in January 2007, but due to problems and bad initial reviews, most people did not upgrade. So, 12 years after its release, over 29% of computers are still running Windows XP. By comparison, only about 3% of all computers are using Vista even though it was released five years more recently. Continue reading

googolplex-header

Googolplex, an organization of the Credit Union National Association, is seeking responsible young people with diverse backgrounds for 12 paid positions on its youth editorial board. No travel is necessary, and applicants are welcome from all over the country.

Board membership requires a one-year commitment, beginning in June 2014. Payment is based on age level. Openings are available in three age brackets for the 2014-2015 school year:

5-Spot Clubhouse Crew, elementary school (grades 3-5)
AJ’s Super Youth Team, middle school (grades 6-8)
C-Note Teenage Panel, high school (grades 9-12)

Googolplex editorial board members gain benefits including payment, writing experience and evaluating consumer-related articles, and opportunities to play online games to learn about money while having fun.

If young people are interested in the position, or want more information, have them contact Laurel Purves, Googolplex youth editorial board liaison before March 7, 2014:

email: lpurves@cuna.coop
Subject: Googolplex Youth Board Application

At EECU, we’re committed to your financial success. That’s why we offer affordable products and services along with financial tools to help you reach your goals. To make things even easier, we’ve included several useful tools in Online Banking to help you keep track of your money.

Track your spending with FinanceWorks™

EECU’s Online Banking comes with money management software built in. With the FinanceWorks™ dashboard, you can monitor all your checking, savings, credit card and loan accounts, whether they’re with EECU or another institution. You can also track your spending and set up a budget to make sure you know where your money is going each month.

Find It: Manage Money > Account Overview Continue reading

As your credit union, EECU is committed to helping you reach your financial goals. And, with the new year about to begin, we want to help you achieve your financial resolutions. During the coming weeks, we will be looking at ways to help you become financially fit. But don’t let us do all the talking! Stop by our Facebook page or tweet us with your own money tips using the #FinanciallyFit hashtag.

One of the hardest, but most important, components of financial fitness is saving money. It’s important that you keep some funds set aside to cover unexpected expenses. If you’re not already putting money into a savings account regularly, start out with just a little and add more as you move along.

Make 2014 the year to establish your savings with this 52-week savings challenge. Put a little bit of money aside each week, and come 2015, you’ll have a nice amount earning interest to help cover expenses when you need it. Continue reading

Koby Wulfjen Image

High school seniors with an EECU account in good standing (or a parent/guardian with an EECU account) are eligible to apply for EECU’s Glenn Mandeville Memorial Scholarship. If you know a deserving senior who may qualify, download the eligibility criteria and application here.

Here is an excerpt from 2013 Scholarship Winner Koby Wulfjen’s winning essay: Continue reading

2014 Mandeville Scholarship

Are you a high school senior? Do you or your parent have an EECU account? Then you may qualify for a Glenn Mandeville Memorial Scholarship.

Each year, EECU awards six $5,000 scholarships to deserving students—three awards for students pursuing a career in education, and three awards for students in other fields of study. If you meet the following eligibility requirements, download an application and submit it to us by January 31, 2014.

  • You are currently a senior in high school
  • You or your parent/legal guardian must be a member in good standing with EECU
  • You plan on attending an accredited college or university
  • You demonstrate excellence in the areas of academic achievement, character, leadership and personal relationships

Be sure and read the instructions and criteria carefully, as incomplete or incorrect applications may not be considered. Awards will be presented in March 2014 at EECU’s annual shareholders meeting.

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

If you paid a casual visit to the NBC website on Feb. 21, you likely got a little something extra with your info or funny video—computer malware designed to steal Online Banking credentials (see here and here). Welcome to the new world of bank robbery. Thankfully, there are ways to protect yourself.

Sophisticated criminals no longer wear masks and pass menacing notes to tellers. No, today’s bank robber simply infects a website with malware, then waits for users to become infected and log in to Online Banking on their own. The hidden malware on the user’s infected computer quietly passes the Online Banking login information back to the criminal, or in more sophisticated attacks, allows the criminal to highjack your session while you are still logged in. Later you may notice that money was sent to an unknown person or business using person-to-person payments or even Bill Pay.

I suspect that most of you will have one of two responses:

“My computer can get infected just by visiting a website?”

or

“I have antivirus software on my computer so shouldn’t I be safe?”

Continue reading

Laura Edgar is a senior writer for NerdWallet.com, a consumer finance comparison website committed to helping you save money.

Considering a new car? Buying a car, especially if you’ve never done it before, can be extremely stressful, just because there’s so much to think about. That being said, it’s well worth putting in the extra time to plan ahead. In doing so, you’ll save time and money. Plus, you won’t end up with a lemon! These five tips will help you get started.

1. Leave room in your budget

Buying a new car? You’ll probably need at least a few thousand dollars in your savings account for the down payment, plus some room in your budget for regular auto loan payments of several hundred dollars. Even used cars are expensive, but in many ways, they’re a lot more economical than a new car. According to Kelley Blue Book, most cars lose 20 percent of their value in the first year, and 60 percent of their value within five years. When you consider the fact that most five-year-old cars don’t have many problems, a used car is a great deal.

2. Do your homework

Make sure you learn as much as you can about your car before you buy it. Websites like ConsumerReports.org and kbb.com (Kelley Blue Book’s official website) can give you unbiased information about the value of your vehicle, its reliability and even the driving experience. If you’re buying a used car, make sure to get the repair records and, ideally, a CARFAX report. It’s also important to test drive a vehicle before you consider purchasing it. This is the only way to know if the vehicle is comfortable for you and handles the way you like it. Continue reading

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