5 star ratingAverage User Rating:
5 star rating based on 1 review.

Educational Employees Credit Union

Educational Employees Credit Union Locations
P.O. Box 5242
Fresno, CA 93755
(559) 437-7700
www.myeecu.org

NCUA


Educational Employees Credit Union is headquartered in Fresno and is the 14st largest credit union in the state of California. It is also the 68th largest credit union in the nation. It was established in 1934 and as of March of 2013, it had grown to 379 employees and 214,254 members. Educational Employees Credit Union has a 5-star health rating.

Educational Employees Credit Union Routing Number: 321172594

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4.18% 12-Month CD / 4.18% 24-Month CD at a California CU (Educational Employees). - 2/19/2008

Update 3/22/08: The CD rates have gone down. Please check the financial institution's website for the latest rates.Update 3/15/08: The CD rates have fallen. For the Jumbo CDs, the 12-month CD yield has fallen from 4.30% to 4.18% APY, and the 24-month CD...



See Rates for: Checking | Savings | CD | IRA

Educational Employees Credit Union Checking Account Rates

ApyMinMaxProduct
0.10%$5k-Checking Account

Educational Employees Credit Union Savings Account Rates

ApyMinMaxProduct
0.55%--IRA Share Savings Account
0.55%--Roth IRA Share Savings Account
0.55%--Coverdell Education Savings Account
0.40%-$6kHoliday Wise Club Account
0.30%$10k-Savings Account
0.30%$10k-Minor Savings Account

Educational Employees Credit Union CD Rates

ApyMinMaxProduct
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

Educational Employees Credit Union IRA Rates

ApyMinMaxProduct
1.41%$500-5 Year IRA Share Certificate
1.41%$500-5 Year Roth IRA Share Certificate
1.41%$500-5 Year Coverdell ESA
1.26%$500-4 Year IRA Share Certificate
1.26%$500-4 Year Roth IRA Share Certificate
1.26%$500-4 Year Coverdell ESA
1.21%$500-3 Year IRA Share Certificate
1.21%$500-3 Year Roth IRA Share Certificate
1.21%$500-3 Year Coverdell ESA
1.00%$500-2 Year IRA Share Certificate
1.00%$500-2 Year Roth IRA Share Certificate
1.00%$500-2 Year Coverdell ESA
0.75%$1k-18 Month IRA Share Certificate
0.75%$1k-18 Month Roth IRA Share Certificate
0.75%$1k-18 Month Coverdell ESA
0.70%$10k-1 Year IRA Share Certificate
0.70%$10k-1 Year Roth IRA Share Certificate
0.70%$10k-1 Year Coverdell ESA

Rates updated: 6/19/2013

Data for Q1 2013


Institution Statistics


EDUCATIONAL EMPLOYEES
NCUA #60520
BankRate ReportView
Year Chartered1934
Employees379
Primary Regulator

Assets and Liabilities

Assets$2.10 billion
Loans$769.69 million
Deposits$1.84 billion
Equity Capital$238.18 million
Loan Loss Allowance$23.31 million
Unbacked Noncurrent Loans$4.52 million
Real Estate Owned$1.91 million

Historic Data - March 2012

Assets$1.98 billion
Equity Capital$209.97 million
Loan Loss Allowance$28.88 million
Unbacked Noncurrent Loans$7.22 million
Real Estate Owned$1.75 million

Profit Margin - Quarterly

Net Interest Margin1.3%
Return on Assets1.38%
Return on Equity12.17%
Interest Income$16.85 million
Non-Interest Income$5.87 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 March 31, 2013 Educational Employees Credit Union had $6.43 million in non-current loans and owned real-estate with $261.48 million in equity and loan loss allowances on hand to cover it. This gives Educational Employees Credit Union a Texas Ratio of 2.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Educational Employees Credit Union decreased slightly from 3.76% as of March 31, 2012 to 2.46% as of March 31, 2013, resulting in a positive change of 34.57%.This indicates that the balance sheet and financial strength for Educational Employees Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Educational Employees Credit Union has increased its total deposits by $87.58 million, resulting in 4.99% 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 above average.
Capitalization5
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 $261.48 million in equity, resulting in a capitalization level of 12.43%, which is excellent.
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Educational Employees Credit Union
5 stars - cambert11 - Friday, May 13, 2011 - 6:56 AM

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.

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