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559-437-7700
2222 W Shaw Ave
Fresno, CA 93711-3419

Educational Employees Credit Union is headquartered in Fresno and is the 14st largest credit union in the state of California. It is also the 69th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 386 employees and 227,145 members. Educational Employees Credit Union has a A+ health rating.

Field of Membership Restrictions

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

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Reviews (2)

Educational employee credit union

EECU is a great place to bank with. Friendly cashiers, free checking, and great rates on loans. What I really like about EECU is that no matter what branch you go to there is always a small bank setting that makes you feel right at home.

Educational Employees Credit Union

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.



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Educational Employees Credit Union had $3.74 million in non-current loans and owned real-estate with $256.59 million in equity and loan loss allowances on hand to cover it. This gives Educational Employees Credit Union a Texas Ratio of 1.46% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Educational Employees Credit Union decreased dramatically from 2.46% as of March 31, 2013 to 1.46% as of March 31, 2014, resulting in a positive change of 40.62%.This indicates that the balance sheet and financial strength for Educational Employees Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Educational Employees Credit Union has increased its total deposits by $102.08 million, resulting in 5.54% 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.

Capitalization

GRADE:
A

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 $2.2 billion in assets with $256.59 million in equity, resulting in a capitalization level of 11.66%, which is excellent.

Institution Statistics

Overall
NCUA #60520
Year Chartered1934
Employees386
Primary Regulator
Assets and Liabilities
Assets$2.20 billion
Loans$815.27 million
Deposits$1.94 billion
Equity Capital$238.00 million
Loan Loss Allowance$18.59 million
Unbacked Noncurrent Loans$3.35 million
Real Estate Owned$396,000
Historic Data - March 2013
Assets$2.10 billion
Equity Capital$238.18 million
Loan Loss Allowance$23.31 million
Unbacked Noncurrent Loans$3.35 million
Real Estate Owned$1.91 million
Profit Margin - Quarterly
Net Interest Margin1.26%
Return on Assets1.32%
Return on Equity12.25%
Interest Income$17.17 million
Rates
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Educational Employees Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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 Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$5k-Checking Account

Educational Employees Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
1.41%$500-5 Year IRA Share Certificate
1.26%$500-4 Year IRA Share Certificate
1.21%$500-3 Year IRA Share Certificate
1.00%$500-2 Year IRA Share Certificate
0.75%$1k-18 Month IRA Share Certificate
0.70%$10k-1 Year IRA Share Certificate
Locations

Educational Employees Credit Union has 16 locations. Click to view all Educational Employees Credit Union locations.