Are you considering the right time to buy or sell a home? A good first step is getting expert advice. Our personal mortgage advisors and valued real estate partners are here for you.

Join us for our Real Estate Days. Find out how to get started buying or selling your home and how EECU makes home financing faster and friendlier.

Plus, you can discover how to get HomeAdvantage1 Cash Rewards2 averaging $1,5003 on your next home.

There’s no need to RSVP. We’ll see you there.

 

Calendar Real Estate Days:

EECU Little Road

Date: Friday, April 27

Location: EECU Little Road Financial Center, 1253 N. Little School Rd., Arlington, TX 76017

Time: 3:00 p.m. to 6:00 p.m.

 

EECU Mansfield

Date: Saturday, April 28

Location: EECU Mansfield Financial Center, 1720 U.S. 287 Frontage Rd., Mansfield, TX 76063

Time: 10:00 a.m. to 1:00 p.m.

 

Can’t make it? Don’t worry. Give us a call at (817) 882-0181 or visit our Home Loan Center online.

NMLS # 500516

 

1 HomeAdvantage is a registered trademark of CU Realty Services. The HomeAdvantage program is made available through a relationship between EECU and CU Realty Services. EECU and CU Realty Services are separate legal entities. 2 HomeAdvantage Cash Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers and sellers are not eligible for Cash Rewards if they use an agent outside of the HomeAdvantage network. Using EECU for a purchase mortgage loan is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commission paid to the agent. Please consult with EECU for more details on how Cash Rewards will be paid. Cash Rewards are void where prohibited by law. 3 Cash Rewards example shown is based on a 3% agent commission rate and a purchase mortgage loan amount of $250,000. Since agent commissions rates vary, your actual Cash Rewards may vary accordingly. The Cash Rewards can be applied as a credit towards closing costs. Applicants are not entitled to cash back. Usual and customary buyer closing costs include, without limitation: escrow fee, appraisal fee, loan document preparation fee, recording fee, courier fee, and prepaid items such as flood and hazard insurance and ad valorem taxes. Subject to any home buyers or sellers who have already entered into a purchase contract and have otherwise qualified for the Cash Rewards program, the Cash Rewards program may be terminated by EECU at any time in its sole discretion.

Homeownership is a dream of many of us. Owning a home means putting down roots and having a space that is truly yours. Unfortunately, there are unscrupulous lenders and home loan scams out there. That’s why we want to help you avoid becoming a victim.

Here’s how to avoid loan modification fraud, foreclosure rescue schemes, and mortgage scams:

  • Identify a reputable lender. Work with a financial institution that you have a relationship with, or have been referred to by a friend, real estate agent, accountant or attorney.
  • Don’t pay any fees upfront. Requesting fees upfront before the promised results are delivered is illegal, according to the FTC’s Mortgage Assistance Relief Services Rule.
  • Read before you sign. Don’t sign anything without reading—and fully understanding—the document. Consult your attorney if you have questions.

Next, familiarize yourself with these scams and rip-offs:

  • Bait and Switch: the lender offers you one set of loan terms when you apply, then pressures you to accept different terms when you sign to complete the transaction.
  • Loan Flipping: the lender encourages you to repeatedly refinance the loan and to borrow more money. Each time you refinance, you pay additional fees which increases your debt.
  • Foreclosure Rescue: the company promises to negotiate new terms for distressed homeowners. Instead, the companies do not deliver any assistance, often leaving homeowners in worse financial situations.
  • Predatory Lending: lenders that engage in hard-sell lending tactics, without providing details about all the loan terms, may be engaging in predatory lending.

The best way to avoid home loan scams – go with a trusted lender:

  • EECU is more than just a credit union—we’re your financial advocate. We care about each member on a personal level, which means taking the time to get to know their unique financial challenges and helping them attain their goals. We hope you will continue to look to EECU as your trusted partner and source of information, advice and personalized financial solutions. We thank you for your membership and participation in the success of your credit union.

About EECU Home Loans:

We examined how the home loan process could slow you down, and did something about it. This new standard is a faster and friendlier home loan experience. Streamlined technology makes the member experience faster and more efficient. Real people help make every step along the way easier, friendlier, and more enjoyable.

Discover the new standard in home loans. It’s worth smiling about.

 

Additional resources:

https://www.usa.gov/housing-scams (addresses housing scams, moving fraud, foreclosure scams, and rental scams)

https://www.usa.gov/identity-theft (addresses articles relating to ID theft, prevention, and reporting)

You may be asking yourself, which comes first finding a mortgage lender or a real estate agent? Do both at once at EECU on April 20th and 21st. We’ve arranged for you to meet with our mortgage experts and top local real estate agents. That way you can save time and money. Knowing how much of a home you can afford before looking at properties helps you and your real estate agent find a home you’ll love and one that meets your budget.

Join us for our Real Estate Agent Days. Get moving with a real estate agent and get prequalified for a mortgage. Plus, you can discover how to get HomeAdvantage1 Cash Rewards2 averaging $1,5003 on your next home.

There’s no need to RSVP. We’ll see you there.

 

Calendar Real Estate Agent Days:

EECU Hulen Financial Center

Date: Friday, April 20

Location: 6049 S. Hulen St., Fort Worth, TX 76132

Time: 3:00 p.m. to 6:00 p.m.

 

EECU Hurst Financial Center

Date: Saturday, April 21

Location: 1600 Campus Drive, Hurst, TX 76054

Time: 10:00 a.m. to 1:00 p.m.

 

Can’t make it? Don’t worry. Give us a call at (817) 882-0181 or visit our Home Loan Center online.

NMLS # 500516

1 HomeAdvantage is a registered trademark of CU Realty Services. The HomeAdvantage program is made available through a relationship between EECU and CU Realty Services. EECU and CU Realty Services are separate legal entities. 2 HomeAdvantage Cash Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers and sellers are not eligible for Cash Rewards if they use an agent outside of the HomeAdvantage network. Using EECU for a purchase mortgage loan is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commission paid to the agent. Please consult with EECU for more details on how Cash Rewards will be paid. Cash Rewards are void where prohibited by law. 3 Cash Rewards example shown is based on a 3% agent commission rate and a purchase mortgage loan amount of $250,000. Since agent commissions rates vary, your actual Cash Rewards may vary accordingly. The Cash Rewards can be applied as a credit towards closing costs. Applicants are not entitled to cash back. Usual and customary buyer closing costs include, without limitation: escrow fee, appraisal fee, loan document preparation fee, recording fee, courier fee, and prepaid items such as flood and hazard insurance and ad valorem taxes. Subject to any home buyers or sellers who have already entered into a purchase contract and have otherwise qualified for the Cash Rewards program, the Cash Rewards program may be terminated by EECU at any time in its sole discretion.

Are you considering the right time to buy or sell a home? A good first step is getting expert advice. Our personal mortgage advisors and valued real estate partners are here for you.

Join us for our Real Estate Days. Find out how to get started buying or selling your home and how EECU makes home financing faster and friendlier.

Plus, you can discover how to get HomeAdvantage1 Cash Rewards2 averaging $1,5003 on your next home.

There’s no need to RSVP. We’ll see you there.

 

Calendar Real Estate Days:

EECU Clifford – meet with a real estate agent or personal mortgage advisor

Date: Friday, April 13

Location: EECU Clifford Financial Center, 9350 Clifford St., Fort Worth, TX 76108

Time: 3:00 p.m. to 6:00 p.m.

 

EECU Fort Worth – meet with a personal mortgage advisor

Date: Saturday, April 14

Location: EECU Fort Worth Financial Center, 1617 W. 7th St., Fort Worth, TX 76102

Time: 10:00 a.m. to 1:00 p.m.

 

Can’t make it? Don’t worry. Give us a call at (817) 882-0181 or visit our Home Loan Center online.

NMLS # 500516

 

1 HomeAdvantage is a registered trademark of CU Realty Services. The HomeAdvantage program is made available through a relationship between EECU and CU Realty Services. EECU and CU Realty Services are separate legal entities. 2 HomeAdvantage Cash Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers and sellers are not eligible for Cash Rewards if they use an agent outside of the HomeAdvantage network. Using EECU for a purchase mortgage loan is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commission paid to the agent. Please consult with EECU for more details on how Cash Rewards will be paid. Cash Rewards are void where prohibited by law. 3 Cash Rewards example shown is based on a 3% agent commission rate and a purchase mortgage loan amount of $250,000. Since agent commissions rates vary, your actual Cash Rewards may vary accordingly. The Cash Rewards can be applied as a credit towards closing costs. Applicants are not entitled to cash back. Usual and customary buyer closing costs include, without limitation: escrow fee, appraisal fee, loan document preparation fee, recording fee, courier fee, and prepaid items such as flood and hazard insurance and ad valorem taxes. Subject to any home buyers or sellers who have already entered into a purchase contract and have otherwise qualified for the Cash Rewards program, the Cash Rewards program may be terminated by EECU at any time in its sole discretion.

In celebration of Financial Literacy Month, EECU is announcing that in less than a year its digital financial literacy program has reached nearly 5,000 students in 30 different North Texas high schools.

“Data shows that rigorous financial education delivered in a young person’s development leads to positive financial behaviors,” said Lonnie Nicholson, President & CEO, EECU. “By providing students with the knowledge they need to make smart financial decisions, we are investing in the future economic well-being of the communities we serve in North Texas.”

The EECU program is comprised of nine different on-line courses, each taking approximately 40 minutes to complete. The curriculum is provided free of charge and aligns with state and national financial education standards. The topics cover budgeting, savings, banking, payment types, credit, debt, renting vs. owning, insurance, taxes, consumer protection, investing, and financing higher education.

The platform tracks the progress of every student and provides this data to teachers. Additionally, students who take all nine courses and pass the post-test with a 70 percent or higher score receive an accreditation. Approximately 500 high school students have received their certification.

Students who participate in the course take both pre-test and post-tests to measure knowledge gain. The students who completed EECU’s financial literacy programs increased their scores on financial literacy assessments from a D average to a B+. Twice as many high school students report feeling prepared to manage their financial futures after participating in the program.

“There is tremendous need for financial education with our youth,” said David Saenz, Fort Worth ISD executive director of College & Career Readiness. “This financial knowledge can improve the trajectory of these students’ lives.”

EECU launched this program in the fall of 2017, and they plan to continue to roll-out the free program to additional high schools. For High Schools interested in participating in the program please call Barbara Walker, EECU’s Director of Community Involvement and Social Responsibility at 817-882-0472.   EECU is working with EverFi, a national leader in on-line education.

EECU has awarded $40,000 in college scholarships to support eight local graduating high school students. The EECU scholarship program began more than 30 years ago and honors former board member Glenn Mandeville, a life-long educator. Since that time, EECU has provided more than $500,000 in scholarship money to local students.

“EECU has a deep commitment to education,” said Lonnie Nicholson, EECU President and CEO. “Higher education can be an essential springboard to building productive lives, but unfortunately, college costs also can be a significant burden. EECU is proud to be able to recognize and financially assist these deserving students, and we wish them tremendous success in their academic pursuits.”

At the annual EECU meeting on March 27, EECU recognized the following eight students, who are 2018 scholarship recipients. Each student will receive a $5,000 scholarship from EECU:

  • Kara Derrick, Joshua High School, Joshua, TX plans to study business
  • Sonia Diaz, Young Women’s Leadership Academy, Fort Worth, TX plans to study Civil Engineering
  • Mena Galvan, Trinity Christian Academy, Hudson Oaks, plans to study Education
  • Trevor Hall, Oakridge School, Arlington, TX plans to study Biology
  • Hannah Lei, Arlington High School, Arlington, TX plans to study Computer Engineering
  • Colton Morrow, Fossil Ridge High School, Fort Worth, TX plans to study Education
  • Bryan Shortt, Richland High School, North Richland Hills, TX plans to study Biology/Pre-Medicine
  • Alena Williams, Fossil Ridge High School, Fort Worth, TX plans to study Education

The students were selected via a review process that included academics, attendance, service to community, extracurricular leadership activities, references and an essay.

To help our members track their financial health, EECU is providing members with a loan or checking account free access to their FICO® Scores beginning March 26th. Here is what you can expect. Your EECU FICO® Score dashboard will be located within your online and mobile banking app and can be accessed in three easy simple steps: 1) login, 2) select “Additional Services” in online banking or “More” in the mobile banking app, then 3) select “My FICO Score”. Your FICO® score will be updated quarterly and your dashboard will provide key factors that influence your credit score.

The FICO® Score is the standard measure of U.S. consumer credit risk. It helps determine your ability for getting a loan and what interest rate you will pay. The higher the score, the better financing options and rates you have.

The classic FICO® Scores which are in use today by the vast majority of lenders fall within the 300‐850 score range. This score range was introduced to establish an easy‐to‐understand, common frame of reference for lenders and consumers alike.

Why am I seeing my FICO® Score?

EECU is providing you with free access to your FICO® Score to help you know where you stand with your credit and plan for the future. The score provided under this service is intended for educational purposes.

What is a credit score?

FICO® Scores are a three-digit number that summarize your credit risk. Scores are based on a snapshot of your credit file at particular consumer reporting agencies at a particular point in time, and help lenders evaluate your credit risk. FICO® Scores influence the credit that’s available to you and the terms, such as interest rate, that lenders offer you.

How are FICO® Scores calculated?

FICO® Scores are calculated from many different pieces of credit data in your credit report. This data is grouped into five categories as outlined below. The percentages reflect how important each of the categories is in determining how FICO® Scores are calculated.

  • Payment History: 35%
  • Outstanding Debt: 30%
  • Credit History Length: 15%
  • Pursuit of New Credit: 10%
  • Credit Mix: 10%

How can I see my FICO® Score?

To view your FICO® Score in EECU’s online banking: login, select “Additional Services” and then “My FICO Score”. To view your FICO® Score in EECU’s mobile banking app: login, select “More” and then “My FICO Score.”

Will receiving my score from EECU impact my credit?

No. We provide your FICO® Score as a free benefit that does not affect your credit in any way.

What if I don’t see my FICO® Score when I log into EECU’s online or mobile banking service?

Your score won’t be available if: you do not have a loan or checking account with EECU, you have a joint account (only the primary account holder’s FICO® Score will be displayed), you recently opened a new account – FICO® Scores are pulled quarterly, you do not have enough credit history to generate a score, or you are on Experian’s block consumer file list.

 How do I check my credit report?

Because your FICO® Score is based on the information in your credit report, it is important to make sure that the credit report information is accurate. You may get a free copy of your credit report annually. To request a copy of your credit report, please visit: http://www.annualcreditreport.com . Please note that your free credit report will not include your FICO® Score. You can also request your credit report by calling toll-free: (877) 322-8228. Or, you can request your credit report by mail: 1) Download the request form. 2) Print and complete the form. 3) Mail the completed form to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.

FICO® Scores can only be provided for the primary account holder on the membership account. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.

You may be asking yourself, which comes first finding a mortgage lender or a real estate agent? Do both at once at EECU on March 19-26. We’ve arranged for you to meet with our mortgage experts and top local real estate agents. That way you can save time and money. Knowing how much of a home you can afford before looking at properties helps you and your real estate agent find a home you’ll love and one that meets your budget.

Join us for our Real Estate Agent Days. Get moving with a real estate agent and get prequalified for a mortgage. Plus, you can discover how to get HomeAdvantage1 Cash Rewards2 averaging $1,5003 on your next home.

There’s no need to RSVP. We’ll see you there.

 

Calendar Real Estate Agent Days:

EECU Hurst Financial Center

Date: Monday, March 19

Location: 1600 Campus Drive, Hurst, TX 76054

Time: 11:00 a.m. to 1:00 p.m. and 3:00 p.m. to 5:00 p.m.

 

EECU Little Road Financial Center

Date: Friday, March 23

Location: 1253 N. Little School Road, Arlington, TX 76017

Time: 11:00 a.m. to 1:00 p.m. and 4:00 p.m. to 6:00 p.m.

 

EECU Mansfield Financial Center

Date: Saturday, March 24

Location: 1720 U.S. 287 Frontage Road, Mansfield, TX 76063

Time: 9:00 a.m. to 1:00 p.m.

 

EECU Northside Financial Center

Date: Monday, March 26

Location: 301 NW 28th St #121, Fort Worth, TX 76164

Time: 11:00 a.m. to 1:00 p.m. and 3:00 p.m. to 5:00 p.m.

    

Can’t make it? Don’t worry. Give us a call at (817) 882-0181 or visit our Home Loan Center online.

NMLS # 500516

1 HomeAdvantage is a registered trademark of CU Realty Services. The HomeAdvantage program is made available through a relationship between EECU and CU Realty Services. EECU and CU Realty Services are separate legal entities. 2 HomeAdvantage Cash Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers and sellers are not eligible for Cash Rewards if they use an agent outside of the HomeAdvantage network. Using EECU for a purchase mortgage loan is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commission paid to the agent. Please consult with EECU for more details on how Cash Rewards will be paid. Cash Rewards are void where prohibited by law. 3 Cash Rewards example shown is based on a 3% agent commission rate and a purchase mortgage loan amount of $250,000. Since agent commissions rates vary, your actual Cash Rewards may vary accordingly. The Cash Rewards can be applied as a credit towards closing costs. Applicants are not entitled to cash back. Usual and customary buyer closing costs include, without limitation: escrow fee, appraisal fee, loan document preparation fee, recording fee, courier fee, and prepaid items such as flood and hazard insurance and ad valorem taxes. Subject to any home buyers or sellers who have already entered into a purchase contract and have otherwise qualified for the Cash Rewards program, the Cash Rewards program may be terminated by EECU at any time in its sole discretion.

Financial abuse of the elderly is widespread, expensive and emotionally harmful. It can take many different forms and can involve perpetrators who are related to, or in a trusted relationship with, the victim or it may consist of scams committed by strangers. Here are tips for identifying and protecting yourself or elderly friends and loved ones.

What is elder financial abuse?

The Older Americans Act of 2006 defines elder financial abuse, or financial exploitation, as “the fraudulent or otherwise illegal, unauthorized, or improper act or process of an individual, including a caregiver or fiduciary, that uses the resources of an older individual for monetary or personal benefit, profit, or gain, or that results in depriving an older individual of rightful access to, or use of, benefits, resources, belongings, or assets.”

How can seniors protect themselves?

Prevention is the best first step to protect yourself. Here are some tips:

  • Never give out your personal information over the phone or via email unless you initiated the interaction
  • Shred your financial statements and unused credit card offers before you throw them out
  • Order and review a copy of your credit report at least once a year to spot suspicious or inaccurate activity
  • Do not sign any document you don’t fully understand, consult with an attorney
  • Check the references of any attorney, caretaker, financial advisor or home repair person before hiring them

Avoid theses common scams:

  • Lottery & sweepstakes scams – “you’ve won! Just send $1,000 to cover your taxes / fees”
  • Home repairmen – “we’re in your area and can fix your driveway / roof”
  • Grandparent scam – you’re called and told your family member is in jail and needs you to send money immediately
  • I’m from the utility company; I need you to come outside with me for a minute (while their accomplice steals your valuables)
  • If it sounds too good to be true, it probably is. Trust your instincts and just say “no”

If you think you’ve been the victim of financial abuse, talk to a trusted family member or attorney, or contact your local police or Adult Protective Services.

 

How can you help a family member or friend?

Stay in touch with elderly family members and friends, particularly those who live far away from immediate relatives. And, be on the lookout for ‘red flags’:

  • Changes in established financial patterns, including money missing from accounts, unusual activity or unexplained withdrawals
  • Letting other people use their bank account, credit card or debit card without proper documentation
  • Unpaid bills, collection letters, lack of food in the house or missing possessions
  • A relative or caretaker who is looking after an elderly person who makes a sudden change in lifestyle
  • Altered will or trust

If you suspect financial abuse, talk with your elderly friend or loved one to see what is going on with their finances, then contact their financial institution, your local Adult Protective Service Agency or law enforcement.

 

Resources:

Texas Adult Protective Services

Attorney General of Texas

Consumer Financial Protection Bureau

To help our members track their financial health, EECU will provide members, with a loan or checking account, free access to their FICO® Scores. Here is what you can expect. Your EECU FICO® Score dashboard will be located within your online and mobile banking app and can be accessed in three easy, simple steps: 1) login, 2) select “Additional Services” in online banking or “More” in the mobile banking app, then 3) select “My FICO Score”. Your FICO® score will be updated quarterly and your dashboard will provide key factors that influence your credit score.

The FICO® Score is the standard measure of U.S. consumer credit risk. It helps determine your ability for getting a loan and what interest rate you will pay. The higher the score, the better financing options and rates you have.

The classic FICO® Scores which are in use today by the vast majority of lenders fall within the 300‐850 score range. This score range was introduced to establish an easy‐to‐understand, common frame of reference for lenders and consumers alike.

Why am I seeing my FICO® Score?

EECU is providing you with free access to your FICO® Score to help you know where you stand with your credit and plan for the future. The score provided under this service is intended for educational purposes.

What is a credit score?

FICO® Scores are a three-digit number that summarize your credit risk. Scores are based on a snapshot of your credit file at particular consumer reporting agencies at a particular point in time, and help lenders evaluate your credit risk. FICO® Scores influence the credit that’s available to you and the terms, such as interest rate, that lenders offer you.

How are FICO® Scores calculated?

FICO® Scores are calculated from many different pieces of credit data in your credit report. This data is grouped into five categories as outlined below. The percentages reflect how important each of the categories is in determining how FICO® Scores are calculated.

  • Payment History: 35%
  • Outstanding Debt: 30%
  • Credit History Length: 15%
  • Pursuit of New Credit: 10%
  • Credit Mix: 10%

How can I see my FICO® Score?

To view your FICO® Score in EECU’s online banking: login, select “Additional Services” and then “My FICO Score”. To view your FICO® Score in EECU’s mobile banking app: login, select “More” and then “My FICO Score.”

Will receiving my score from EECU impact my credit?

No. We provide your FICO® Score as a free benefit that does not affect your credit in any way.

What if I don’t see my FICO® Score when I log into EECU’s online or mobile banking service?

Your score won’t be available if: you do not have a loan or checking account with EECU, you have a joint account (only the primary account holder’s FICO® Score will be displayed), you recently opened a new account – FICO® Scores are pulled quarterly, you do not have enough credit history to generate a score, or you are on Experian’s block consumer file list.

How do I check my credit report?

Because your FICO® Score is based on the information in your credit report, it is important to make sure that the credit report information is accurate. You may get a free copy of your credit report annually. To request a copy of your credit report, please visit: http://www.annualcreditreport.com . Please note that your free credit report will not include your FICO® Score. You can also request your credit report by calling toll-free: (877) 322-8228. Or, you can request your credit report by mail: 1) Download the request form. 2) Print and complete the form. 3) Mail the completed form to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281.

FICO® Scores can only be provided for the primary account holder on the membership account. FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.