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April 2009 marked the 75th anniversary of EECU. A lot has happened in the past 75 years. We changed our name from Fresno Teachers Credit Union to Educational Employees Credit Union in 1981 to better reflect the open field of membership. Since 1934, we've grown from less than $500 in assets to more than $1.8 billion. We went from nine founding members to the current 177,000+ members.
Today, EECU is one of the largest credit unions in the Central San Joaquin Valley, with 14 branches from Visalia to Merced, serving 10 counties. Although a lot has changed over the past 75 years, our basic credit union philosophy and commitment to excellent member service has remained the same.
We're delighted that you have chosen to be part of our EECU family and we're especially thankful for your continued loyalty and support. We look forward to serving your financial needs for many more years.
Bring your documents to the branches listed and have them shredded onsite and recycled for free!
Merced Branch
127 W. El Portal, Suite A, Merced
Saturday, February 20, 2010
9:00 a.m. to 11:30 a.m.
Please arrive early and limit shredding to three boxes.
Shred events will close early if the shred truck is filled to capacity.
The 2009 Year in Review
December 2009
A message from Barbara Thomas, chair of EECU's Board of Directors
Credit Unions have existed for more than 150 years. They were founded on the principle of “people helping people,” and that principle has never been more important than today as we face economic challenges that we have not seen since the Great Depression. As we look back at 2009, we reflect on a year that was fraught with many challenges, but that also held the promise of better days to come.
In 2009, EECU introduced the We Take You Personally campaign. When you become a member of EECU you’re more than just a number – you become part of our family. Our goal is to provide you with financial solutions that fit you perfectly, and to provide you with personal, unrivaled service.
We Take You Personally – by helping you through challenging times
Over the past two years we have helped thousands of members who are struggling to make ends meet. We have processed loan modifications, term extensions, and skip payments to help members who have lost their jobs or whose income has been significantly reduced. We are moved by the heartbreaking and touching stories from our members who are looking to us for guidance and help during difficult times. Through it all, our experienced and dedicated staff has remained focused on helping our members keep their homes, cars, and dignity. When times get tough, we want you to know that you can count on EECU to be there for you, and to keep your best interests in mind.We Take You Personally – by protecting your assets
You can also count on EECU to be a safe, sound and fiscally strong financial institution. Last year we celebrated our 75th anniversary – one of only a handful of credit unions to reach this milestone. We now serve over 175,000 members with assets over $1.8 billion. EECU continues to perform significantly better than our peers. We realize that our success would not be possible without our members, and we thank you for your continued loyalty.We Take You Personally – by providing superior service
One of the ways we measure our success is your satisfaction with our service. Our most recent member survey revealed that 98.2 percent of our members were “satisfied” or “very satisfied” with the quality of service that we provide. At a time when many companies have cut back, sometimes resulting in negative customer service, our members recognize that we are just as committed to their satisfaction today as we have always been.We Take You Personally – by investing in the communities we serve
The credit union and its employees are actively involved in the community. In 2009 we sponsored several events, including the Civil War reenactment, UC Merced graduation commencement, Break the Barriers fundraiser, March of Dimes Walk, Extreme Home Makeover Fresno home project, and Children’s Hospital Central California Kids Day. Our employees gave their time and money to support the American Cancer Society, St. Jude Dream Home, Boy Scouts of America, Children’s Miracle Network, Fresno Met Museum, and the Community Food Bank, to name a few.We Take You Personally – by providing convenient branch and ATM locations
Last October we opened a second branch in Visalia. The Visalia community is growing and thriving, and we feel that our new location will allow us to better serve our existing members who live or work in the area and attract new members. We plan to open more convenient locations this year.
We Take You Personally – by exceeding your expectations
Our members and the community voted us the Best Credit Union in the Central Valley in the 2009 People’s Choice Awards, sponsored by The Fresno Bee. We also received the Fresno Magazine Best of Fresno Award and several industry-related awards. We are honored to receive these awards and we will continue to work hard to earn and keep your business.In closing, I want to reassure you that the credit union is in a good financial position to weather the current changes in the economy. We have an experienced Board of Directors and management team who are making difficult but prudent decisions every day to maintain EECU's solid financial position. As we look forward to the new year and all its possibilities, we remain focused onmeeting all of your financial needs - just as we have for the past 75 years.
As an integral part of our risk management process, every year our credit union contacts a sample of our members to confirm the accuracy of their account balance. The process is required by our auditors (McGladrey & Pullen, LLP) and our regulators. It is one of the many internal control processes followed by the credit union to enhance the accuracy and reliability of our financial reporting systems which ultimately protect you, our member.
If you received one of these letters, please confirm your Share, loan, or Visa information noted in the letter and return it directly to McGladrey & Pullen.
If you have any questions, please call:
Sue Trotter
Internal Audit Director
559-437-7727
Linda Sims
Administrative Secretary
559-437-7721
Member Account Confirmation Letter
