Are you as excited as we are to celebrate International Credit Union Day?
ICU Day – celebrated on the third Thursday of every October since 1948 – will fall on Thursday, October 17th this year. The day has been designated as an occasion for credit unions all over their world to recognize the history behind the credit union movement, its spirit and its philosophy. It’s a day to share your experiences as a member and to reflect upon all the benefits you enjoy by being a part of your credit union.
It’s also a day to have fun! This year, when you stop by any Education First branch, you'll receive an awesome gift and refreshments.
You already know how wonderful it is to be part of a credit union, but in the spirit of ICU Day, let’s take a quick look at five factors that make a credit union outstanding and allow your dreams to thrive.
We put members first.
As a member of our credit union, you own a piece of the organization. Credit unions are not stuck answering to Wall Street — we only want what’s best for you. This keeps our focus in the right place. Instead of working on earning the biggest profits, we can focus on offering superior member service and policies that are as member-friendly as possible. You’ll have a say in the way your credit union runs, and if you find yourself in a difficult situation, you’ll find representatives who are willing and happy to help you.
We give back to the community - big time.
Not only do we take good care of our members - we also take care of the Southeast Texas community. Through We're Paying It Forward, we've given back over $150,000 to local schools since 2014. Through our College Scholarships, we give 36 local graduates a $1,000 scholarship. And, through our Volunteer Investment Program, our staff has contributed over 3,300 hours of volunteer work to charities and organizations.
We give ya lower fees.
Banks earn a significant portion of their profits through their fees. While we still have some fees attached to certain products and services, these tend to be lower than similar fees you’ll find in a bank. What all this means for you is lots of money saved just by choosing to trust Education First FCU with your money.
We’ve got your back.
Everyone has their ups and downs. If you’re going through a rough patch, we're willing to work with you through that challenging time. While a bank is more likely to turn down a borrower with a poor credit history, a credit union member representative wants to help you out. Loan officers will be happy to meet with you and work to find a loan that best suits your needs. Additionally, our representatives are also here to help you learn the basics of budgeting and money management through programs like SmartScore - where we sit down with you and review your credit score and give you suggestions on how to improve it. We also offer an online Financial Education center, where members can access tons of short articles and videos to help with all types of financial decisions.
We've got some really good interest rates.
When you open a savings account or a CD, one of your biggest concerns is the interest rate. You want your money to grow as much as possible.
Lucky for you, we offer higher interest rates on savings accounts and lower interest rates on loans. You read that right — remember, we want what’s best for you! Since we’re not focused on making a profit, we only need to cover operating costs. All the money we save is passed down to the member via these favorable interest rates. This means you can save on any loans you may need and that the money in your savings accounts will be earning at a higher rate, just because you chose Education First FCU. See a complete list of our interest rates here.
As you can see, we’ve got lots to celebrate!
Here at Education First FCU we’re gearing up for a fun-filled, memorable day. Join us on Thursday, October 17th for prizes and refreshments as together we celebrate everything that makes a credit union special. Can’t wait to see you there!