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

140811-Student-Loans

Education is more important than ever, and so is making smart financial decisions when it comes to paying for it. In order to help our young members reach their educational goals, EECU has partnered with Higher Education Servicing Corp to offer the Texas Extra Credit Education Loan. Texas Extra Credit is a private student loan developed specifically to help Texas residents pay for college when scholarships, grants and federal aid just aren’t enough to cover the full cost of attendance.

The program comes with affordable features: 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

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

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