Beginning this week, EECU Credit Union is welcoming around 5,000 new members to the family following the completion of a merger with Fort Worth Telco Credit Union. We are very excited to begin serving you with financial products and services to help you reach your goals.

To kick things off, check out these resources to make the most of your EECU membership:

Sign Up for Online Banking

Download our Mobile Apps

Like EECU on Facebook

Follow EECU on Twitter

Find Your Nearest Branch or ATM

If you’re a new member, we’re eager to answer your questions, so give our member contact center a call at 817-882-0800 or stop by your nearest branch today and meet our team!

My friend did not use her debit card very often. But one day her financial institution’s fraud department alerted her that that her card was being used to simultaneously charge $1000 at a truck stop in El Paso AND charge hundreds of dollars at various home furnishing stores in Rockwall. My friend was in neither place while those debits were occurring. Fortunately, after filling out and signing some forms, she was able to get her money back. But what happened? And how do you prevent it?

In her case, there were a couple of possibilities. She had recently used the card to buy lunch at a restaurant in the area. As is typical in these types of establishments, her card was out of her sight for a few minutes while the debit transaction was being processed. The server could’ve used an easily concealable handheld device to “skim” the card and store the information for later use. Skimmers are easily available online and can be used in situations like this to steal card information. 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

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

For our members who love to check in wherever they go, popular location-based app Foursquare has released some exciting news that may put more money in your pocket. Now, by connecting your EECU Visa® debit card and your EECU Platinum MasterCard®, you can unlock savings when you check in and use one of your cards at retailers who offer specials.

Connecting your cards is easy. Just visit your profile in the Foursquare mobile app and select “Settings.” Then, select “Connected Cards and Savings.” The app will lead you through the process.

Foursquare-credit-card-link Continue reading

Each year, EECU welcomes members to its Annual Shareholders Meeting to hear about milestones the credit union has reached in the past year, introduce new board members and have fun. And as a member, you’re invited:

What: 78th Annual Shareholders Meeting
When: Thursday, March 28, 2013, 6:00 to 8:00 PM
Where: The Round Up Inn, Will Rogers Memorial Center, 3401 W. Lancaster Ave, Fort Worth, TX 76107

Come out to Will Rogers to meet our newest board member, try out our mobile apps and take home a surprise. Parking will be complimentary. Simply tell the attendant you are with EECU. We hope to see you there!

 

Fort Worth-based financial institution serves community lending needs

FORT WORTH, Texas—Fort Worth-based credit union EECU has surpassed $1 billion dollars in loans. The milestone came near the end of the 2012 calendar year and has been sustained since.

“We are excited about reaching the $1 billion mark,” said Lonnie Nicholson, president and CEO of EECU. “This milestone represents our commitment to developing the financial solutions that North Texans are looking for. We’re committed to the success of our members and to the growth of the communities we serve, and $1 billion in loans is a reflection of that mission.”

One of North Texas’ largest locally owned financial institutions, EECU offers new and used auto loans, recreational vehicle and boat loans, mortgages, home equity loans, personal loans and credit cards. Continue reading

Article written by Barry Paperno for Credit.com

Some things never change when it comes to what annoys people about credit scores. While consumers’ understanding of credit scores has evolved over the years, within that always-increasing level of understanding there remain some parts of credit scoring, such as inquiries, that people just don’t seem to get. They get the idea of late payments and maxed out credit cards predicting risk. But inquiries?

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A credit inquiry is a notation that goes on your credit report every time your credit report is accessed by anyone with a “permissible purpose,” as defined by the Fair Credit Reporting Act. Inquiries remain on a credit report for two years, and generally fall into two categories: hard and soft inquiries. Only hard inquiries from within the past year can impact credit scores. Older hard inquiries and soft inquiries are ignored by the scores entirely. Continue reading