Educational Employees Credit Union is headquartered in Fresno and is the 14st largest credit union in the state of California. It is also the 70th largest credit union in the nation. It was established in 1934 and as of December of 2013, it had grown to 389 employees and 223,214 members. Educational Employees Credit Union has a A+ health rating.
Must be a school employee, student, a parent of a student or member of a school organization in Fresno, Kings, Tulare, Merced, Madera, Mariposa, Inyo, San Luis Obispo, San Benito or Monterey county. - See Details
Despite the exclusive sounding name, this community bank is very easy to join. You don't have to actually be an educational employee, if you have a friend or relative who is, or even a friend of a friend, that will usually be enough to qualify you for membership. There are 3 branch offices in and around the Fresno area and more importantly plenty of EECU atm machines. You may worry with a smaller bank that you will be spending extra on fees by being forced to use other atm machines, but that is not the case here. I find the locations good and I am always able to easily find an EECU atm machine when out around town. The service is what you may expect from a small town bank, they are always very polite and have always been very helpful in assisting me. Their online banking feature is useful the website is easy to navigate. I've used loan services with this bank and it was a good experience, they were willing to work with me and get me a great rate on my auto loan. I've also met with their staff financial advisor for help in starting an investment portfolio , a great experience overall. I can highly recommend this bank, they are offer competitive rates and online banking, but if you prefer the 'human' factor over an online transaction you won't be disappointed. There are good, friendly people working there, they really will make you feel welcomed and like this is a place you can stay for the long-term.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Educational Employees Credit Union had $6.83 million in non-current loans and owned real-estate with $240.09 million in equity and loan loss allowances on hand to cover it. This gives Educational Employees Credit Union a Texas Ratio of 2.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Educational Employees Credit Union decreased slightly from 3.40% as of December 31, 2012 to 2.84% as of December 31, 2013, resulting in a positive change of 16.40%.This indicates that the balance sheet and financial strength for Educational Employees Credit Union has improved slightly in recent periods.
In the past year, Educational Employees Credit Union has increased its total deposits by $78.68 million, resulting in 4.42% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Educational Employees Credit Union has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Educational Employees Credit Union has $2.1 billion in assets with $240.09 million in equity, resulting in a capitalization level of 11.43%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$220.48 million|
|Loan Loss Allowance||$19.61 million|
|Unbacked Noncurrent Loans||$6.38 million|
|Real Estate Owned||$449,000|
|Historic Data - December 2012|
|Equity Capital||$233.33 million|
|Loan Loss Allowance||$24.83 million|
|Unbacked Noncurrent Loans||$6.38 million|
|Real Estate Owned||$1.88 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.92%|
|Return on Assets||1.42%|
|Return on Equity||13.5%|
|Interest Income||$68.73 million|
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|0.55%||-||-||IRA Share Savings Account|
|0.55%||-||-||Roth IRA Share Savings Account|
|0.55%||-||-||Coverdell Education Savings Account|
|0.40%||-||$6k||Holiday Wise Club Account|
|0.30%||$10k||-||Minor Savings Account|
|1.21%||$100k||-||3 Year Share Certificate|
|0.95%||$100k||-||2 Year Share Certificate|
|0.70%||$100k||-||1 Year Share Certificate|
|0.70%||$100k||-||18 Month Share Certificate|
|0.60%||$100k||-||6 Month Share Certificate|
|0.50%||$100k||-||91 Day Share Certificate|
|1.41%||$500||-||5 Year IRA Share Certificate (Traditional,Roth,CESA)|
|1.26%||$500||-||4 Year IRA Share Certificate (Traditional,Roth,CESA)|
|1.21%||$500||-||3 Year IRA Share Certificate (Traditional,Roth,CESA)|
|1.00%||$500||-||2 Year IRA Share Certificate (Traditional,Roth,CESA)|
|0.75%||$1k||-||18 Month IRA Share Certificate (Traditional,Roth,CESA)|
|0.70%||$10k||-||1 Year IRA Share Certificate (Traditional,Roth,CESA)|