Educational Employees Credit Union: A Year in Review Serving Fresno, CA
Since 1934, Educational Employees Credit Union (EECU) has been committed to providing its members with financial products and services that are designed to help them achieve their financial goals. As a member of Educational Employees Credit Union, you would have access to affordable financial products, like savings, and checking accounts, low-rate loans for vehicles and homes, credit cards, free online banking and bill payment, investment services, and more.
Last year Educational Employees Credit Union reached a very significant milestone – $2 billion in assets. It’s amazing to think that it took 69 years to reach $1 billion in assets, but only nine years to go from $1 billion to $2 billion. Reaching $2 billion in assets was very rewarding for EECU. It means that by asset size, they are the 68th largest credit union in the U.S., the 13th largest in California, and the largest credit union based in the Central Valley. They are proud of this accomplishment, but it is their ability to have a positive impact on their membership and their community that is most meaningful. The growth they have witnessed in recent years affords them the opportunity to help their members even more as they strive to provide each one of them with the best service and most competitive products in the market.
This Fresno Credit Union’s Advancements in Technology
Keeping pace with technology is a priority at Educational Employees Credit Union. Their home banking system was upgraded in 2011, and in 2012 their project list included rolling out a mobile banking application for Android and iPhone smartphones, and the iPad tablet. The app was introduced in November, and within four weeks they had over 12,000 downloads. EECU knows convenience is important to its members, and mobile banking is another great free service they provide to help their members manage their finances.
Other improvements to their technology included upgrades to their network infrastructure and equipment, and new software to monitor online banking transactions for any signs of fraudulent activity. They continue to receive high marks from their independent auditing firm in the area of information security, which validates their commitment to protecting their financial information.
New Educational Employees Credit Union Branch & ATMs
Banking by phone or computer is great, but sometimes credit union members need to visit a branch or ATM. EECU opened one new branch and three ATMs last year. Their Madera branch opened in July, and over 340 new members opened accounts at the branch in the three months after it opened. Two ATMs were installed at St. Agnes Medical Center in Fresno and one at Mercy Medical Outpatient Center in Fresno. They now have 15 branches in the Central Valley, and serve over 209,000 members.
In the Fresno & Central Valley Communities
A few of the special projects/events Educational Employees Credit Union supports are: Teacher of the Year programs in five counties; Civil War reenactment; student art shows; financial literacy; field trips for low-income students; and Sober Grad Night at local high schools.
EECU recently donated $5,000 to the Community Food Bank to help many of the families in the Central Valley who need assistance, and $5,000 to the American Red Cross to assist the victims of Hurricane Sandy.
EECU was also recognized with several awards last year. They received the People’s Choice Award for Best Credit Union and we were named Best Local Credit Union in the Fresno Magazine Best of Fresno Awards. The Hanford and Selma Chambers of Commerce recognized EECU as the business of the year Their Wise Up financial literacy program and their Teacher of the Year award program took top honors from the Credit Union National Association Marketing & Business Development Council.