This year marks 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 175,000+ members.

Today, EECU is one of the largest credit unions in the Central San Joaquin Valley, with 13 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.   

Member Account Confirmation Letter

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 

EECU was awarded a 4-Star Financial Rating in April 2009.   Independently rated and recommended by  Bauer Financial, Inc. 

Rest Assured:  EECU is safe and sound

September 2008

A message from Barbara Thomas and Rick Browning, chair and treasurer of EECU's Board of Directors

The recent failure of Indymac bank has many consumers wondering if their money is safe at their financial institution. At Educational Employees Credit Union, your deposits are insured  by the National Credit Union Share Insurance Fund, an arm of the National Credit Union Administration (NCUA), and backed by the full faith and credit of the U.S. Government. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.

During these tough economic times, we want you to know that EECU is a safe and sound financial institution committed to protecting its most valuable asset - our loyal members. We've been around for almost 75 years and have built a solid reputation in the community by being fiscally responsible, maintaining high standards, and providing good service. With over $1.7 billion in assets and over 162,000 members, EECU is the largest credit union based in the Central Valley. We rank 16th in California based on asset size, and 68th in the United States.

Because of the volatile financial markets, many people are seeking the safety and soundness of credit unions. According to the NCUA, approximately 8,600 federally insured credit unions now serve 85 million members with $600 billion on deposit. Credit unions are different from many financial institutions in their operation and their philosophy of placing members' needs first. This "member-first" approach translates into better rates on savings accounts and loans, lower fees, and higher levels of service.

Trust is the foundation of any relationship. At EECU, we have a commitment shared by all of our employees to earn and keep your trust. When we make business decisions, we consider how those decisions will affect our members. The fallout from subprime lending is a good example. While other lenders were making subprime loans, we chose not to, because we recognized the high risk such loans entail. Many banks ignored these risks because subprime loans could generate high returns. Today, we manage a very healthy loan portfolio and have avoided the large losses that many other financial institutions are experiencing.

We recognize that you have many banking options, and we want to take this time to thank you for choosing EECU. Your continued loyalty, support, and confidence in EECU are what make us the strong, stable institution we are today.

Experience the difference at Educational Employees Credit Union (EECU)! Unlike many other types of financial institutions, we are a non-profit corporation solely owned by our members. There are no stockholders - each EECU member is an owner in equal standing, and has the right to attend the Annual Meeting and vote for the Board of Directors and Supervisory Committee.

You are an important part of your credit union - make the most of it by taking advantage of all we have to offer.  Click any of the links at left for more information about the products and services we offer.