EECU - (2024)

FAQs

What does EECU stand for? ›

Experience smarter banking at Educational Employees Credit Union (E.E.C.U.) Unlike many other types of financial institutions, we are a not-for-profit financial institution solely owned by our members.

*I Qualify For Membership As: Certificated or Classified employee, or student, of a school/school district in any of the 12 counties EECU serves** Retiree of a school/school district who now lives in any of the 12 counties EECU serves**

Although EECU does not offer Zelle, we want you to be aware of this scam involving financial institutions that offer Zelle.

Daily ATM withdrawal limits are between $300 and $500 depending on the type of debit card you have.

Regular Savings

The minimum balance required to open this account is $5.00. You must maintain a minimum daily balance of $100.00 in your account each day to obtain the disclosed annual percentage yields. Tiered rates and annual percentage yields are subject to average daily balances.

Your EECU checking account comes with a free debit Mastercard that lets you make secure and easy purchases online and in-person. Purchases made using your EECU debit card draw directly from your checking account. And you can use your debit card to access your cash at over 85,000 ATMs nationwide.

Fund the Account

Once you deposit money into the account, you can start using it immediately. Fortunately, opening a credit union checking account typically requires a small deposit of between $5 and $25. You can fund your account using cash, check, debit card, or other electronic transfer.

Common reasons consumers are turned down for a bank account include a history of overdrafts, unpaid bank fees or suspected fraud. Applications can also be denied due to mistakes on one's checking account report. If you've been denied a bank account, ask the bank why this happened.

EECU also offers a low-cost wire transfer service that allows you to send funds to or from the credit union to an account at another financial institution. Read our Schedule of Fees for rate information. Visit any EECU branch or call our Member Service Center for details on sending wire transfers.

Does EECU offer CashApp? ›

You can use external third party processors such as Venmo, Cash App & PayPal.

Both of the payment services are decently safe, have user-friendly interfaces, and allow you to conveniently send money when you need it. Zelle stands out from Venmo with its absence of instant transfer fees, but it also cannot be used as a wallet. So, if you need a wallet function, you should go for Venmo .

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will generally be declined.

Unless your bank has set a withdrawal limit of its own, you are free to take as much out of your bank account as you would like. It is, after all, your money. Here's the catch: If you withdraw $10,000 or more, it will trigger federal reporting requirements.

Our nationwide network

Never pay a fee to access your accounts at 85,000 free ATMs worldwide, available at 7-Eleven®, Target®, Walgreens®, CVS®, Costco® and Kroger® stores, and other Allpoint® and CO-OP ATM locations.

We know how important security is for you. At EECU, savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.

EECU also offers a low-cost wire transfer service that allows you to send funds to or from the credit union to an account at another financial institution. Read our Schedule of Fees for rate information. Visit any EECU branch or call our Member Service Center for details on sending wire transfers.

Bill Pay is a free service that can be used to pay your everyday bills through our website. Scheduled payments will be sent either by check or delivered electronically on your behalf. Checks take 5 business days to deliver, and electronic payments take 2 business days to deliver.

Your current balance is the sum of all posted/cleared transactions that EECU is aware of, and DOES NOT include pending transactions. Pending transactions will be listed at the top of your account history.