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Overview / Commentary
1617 W 7th St
Fort Worth, TX 76102

EECU is a member-owned credit union that offers a broad range of personal and business banking products and services. It is focused on providing saving, lending, and investing solutions to its local community.

On its personal banking side, EECU offers checking, savings, money market, and certificates of deposit accounts. Its checking accounts come with access to a financial management program used by the credit union to offer members a way to track savings and expenses. There are also checking accounts available that are more geared toward young adults and seniors. EECU features a hybrid money market checking account that has a minimum opening deposit and daily balance requirement, but comes with a debit card, online banking, and discounts on select loans. The credit union’s savings accounts offer the ability to borrow against the amount of funds in a given account and require a minimum average daily balance in order to earn dividends. Money market savings have minimum initial deposit requirements and offer increased interest rates based on account balances. EECU also offers certificates of deposit that range in term lengths from 3 to 60 months and offer dividends when average daily balances are kept.

EECU online banking allows members to access and manage their accounts, utilize financial management software, transfer funds, and pay bills. The credit union also offers smartphone apps that enable members to perform online banking functions while on the go.

EECU was established in 1934 when a group of educators and administrators pooled funds together in an effort to better serve the needs of educators in the Forth Worth community. Since then, EECU has expanded its membership to geographical residents and now serves hundreds of thousands of members through multiple branches in the Texas region.

Field of Membership Restrictions

Credit union membership is open to anyone who lives or works in Tarrant, Johnson, Parker, Palo Pinto or Hood counties, or the cities of Fort Worth, Mansfield or Haslet. Employees of one of EECU's Eligible Groups and anyone working for an educational institution, business, association, hospital or municipality in Tarrant, Young, Palo Pinto, Hood, Erath, Jack, Wise and Somervell counties are also eligible for membership. Additionally, family members of someone who meets membership requirements or is already an EECU member are also eligible to join EECU. - See Details

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Reviews (2)

Eecu Problems

I've been with this credit union for years and a few days ago someone got my account information from them a stole over $700 from me. They reacted very slow with the situation. I am very unsatisfied. But other than there slow reaction to this fraud issue, the bank is slow with updating information on your account and you have to check and change it about 3 times before they get it correct.

Review from Loyal Member

I have been a member of Educational Employees Credit Union for 20 years. They made getting my first auto loan very easy and matched an offer I received from other lenders. If my checking account is overdrawn they transfer money from my savings account for a small fee instead of charging $20 fees for every transaction I make. I have had other banks charge huge fees for overdrawing my account by as little as $10. The loan rates are great and they offer competitive CD rates as well.


Data for Q1 2014

Institution Health


Texas Ratio


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 EECU had $3.79 million in non-current loans and owned real-estate with $176.29 million in equity and loan loss allowances on hand to cover it. This gives EECU a Texas Ratio of 2.15% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for EECU experienced no significant changes from 2.25% as of March 31, 2013 to 2.15% as of March 31, 2014, resulting in a positive change of 4.29%.This indicates that the balance sheet and financial strength for EECU has had no significant changes in recent periods.

Deposit Growth


In the past year, EECU has increased its total deposits by $74.06 million, resulting in 5.62% 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 EECU 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. EECU has $1.6 billion in assets with $176.29 million in equity, resulting in a capitalization level of 11.00%, which is excellent.

Institution Statistics

NCUA #67928
Year Chartered1934
Primary Regulator
Assets and Liabilities
Assets$1.60 billion
Loans$1.18 billion
Deposits$1.39 billion
Equity Capital$169.15 million
Loan Loss Allowance$7.14 million
Unbacked Noncurrent Loans$3.79 million
Real Estate Owned$0
Historic Data - March 2013
Assets$1.51 billion
Equity Capital$148.51 million
Loan Loss Allowance$6.14 million
Unbacked Noncurrent Loans$3.79 million
Real Estate Owned$130,000
Profit Margin - Quarterly
Net Interest Margin1.01%
Return on Assets1.23%
Return on Equity11.67%
Interest Income$12.74 million

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EECU Savings Account Rates

0.20%--Variable IRA Savings
0.10%$100-Share Savings
0.10%--Dollar Dog Savings
0.10%--Young Investors

EECU Money Market Rates

0.25%$90k-Money Market Checking
0.20%$10k-Money Market Savings
0.20%$10k-High Yield Money Market Relationship Account

EECU Checking Account Rates

0.05%$1k-Real Worth with Interest Checking


1.95%$50k-60 Month Jumbo CD
1.90%$1k$50k60 Month CD
1.55%$50k-48 Month Jumbo CD
1.50%$1k$50k48 Month CD
1.15%$50k-36 Month Jumbo CD
1.10%$1k$50k36 Month CD
0.95%$1k$50k24 Month Business CD
0.85%$5k-24 Month Bump Rate CD
0.85%$50k-24 Month Jumbo CD
0.80%$1k$50k24 Month CD
0.80%$1k$50k18 Month Business CD
0.70%$50k-18 Month Jumbo CD
0.65%$1k$50k18 Month CD
0.65%$1k$50k12 Month Business CD
0.60%$5k-18 Month Bump Rate CD
0.55%$50k-12 Month Jumbo CD
0.50%$1k$50k12 Month CD
0.50%$1k-12 Month Online High Yield CD
0.45%$1k$50k9 Month CD
0.45%$5k-12 Month Bump Rate CD
0.45%$50k-9 Month Jumbo CD
0.45%$1k$50k6 Month Business CD
0.40%$50k-6 Month Jumbo CD
0.35%$1k$50k6 Month CD
0.35%$50k-3 Month Jumbo CD
0.30%$1k$50k3 Month CD
0.20%$1k-30 Day High Yield Business CD
0.20%$1k-60 Day High Yield Business CD


1.95%$50k-60 Month Fixed Jumbo IRA
1.90%$1k$50k60 Month Fixed IRA
1.55%$50k-48 Month Fixed Jumbo IRA
1.50%$1k$50k48 Month Fixed IRA
0.80%$1k$50k24 Month Fixed IRA
0.80%$50k-24 Month Fixed Jumbo IRA
0.65%$1k$50k18 Month Fixed IRA
0.60%$50k-18 Month Fixed Jumbo IRA
0.55%$50k-12 Month Fixed Jumbo IRA
0.50%$1k$50k12 Month Fixed IRA
0.40%$50k-6 Month Fixed Jumbo IRA
0.35%$1k$50k6 Month Fixed IRA

EECU has 13 locations. Click to view all EECU locations.