Aug 17, 2016

Buy a boat with credit union boat loans from Eastex CU!

Boats are awesome, but are not a small investment. Depending on their features and on the purpose they serve, boats can get quite pricey, but they can also take hobbies, weekends and vacations to a new level. People everywhere, especially those who live near water, are willing to go to great lengths to purchase them, from trade-ins to cost saving sacrifices, etc. Another fairly common route that should be explored is taking out credit union boat loans.

Of course, the ideal is to buy the boat in cash, either from your savings or from the money you get by selling some other possessions. However, life is far from ideal, and, besides the money for the actual boat, you also need money for the ownership transfer formalities, for repairs, furnishings or reconditioning.

Boat loans are the best solution for both those who cannot afford to buy a boat in cash or those who can, but would prefer not to. Here are just a few of the advantages these loans offer:

Advantages of Credit Union Boat Loans

  • Affordable monthly payments, established according to your needs and budget;
  • Enough money to finance any repairs or improvements necessary;
  • The financial freedom to actually enjoy the boat after buying it, no matter if this means going fishing, high speed water sports or taking a cruise;
  • The possibility to buy a better boat than you could afford if you were to pay for it upfront;
  • Lower risk, since the loan is secured only against the boat.

There are many other benefits to be enjoyed when taking a boat loan, but their nature often depends on the lender. If you want to get the most convenient loan out there, one of your best bets is to borrow from a credit union. Here are just a few reasons why we think credit union boat loans are preferable to banks, private lenders and other financing sources.

Why Borrow from a Credit Union?

  • You are a member, not a customer – This makes you an active part of the union, one they are interested in keeping satisfied in the long run.
  • The loan costs are often lower – From interest rates to various fees and commissions, the costs of credit union loans are typically much more affordable than those of bank loans or payday loans.
  • The loan is customized to your needs – Credit unions base their existence on members like you, so they know your needs and possibilities, and they will offer fast and flexible loan solutions to meet them.
  • The freedom to buy any boat you want – From fishing boats to cabin cruisers, pleasure boats, motor or sail boats and pontoons, you choose what you want to buy.
  • The chance to buy from anyone you want – While most banks will only finance new acquisitions from authorized companies, credit unions will let you buy from anyone you want, even used or reconditioned goods.

Of course, the benefits are even more numerous, but it is important for you to realize that not all credit unions are alike and not all of them offer affordable loans. If you’re in South East Texas and want to explore some of the best terms on the market, give Eastex Credit Union boat loans a chance.

Who We Are and What We Have to Offer

What sets us apart from our competitors? This Credit Union was started with the goal of supporting a community with solid financial services and fair rates. Eastex has continued to function as such to this day. Our goal isn’t profit, but rather opening up new opportunities for our members and the entire community.

Interested in learning more? Let’s discuss the loan you are interested in, and you will surely see for yourself that we offer the best boat loans on the market! Stop postponing that dream vacation, your hobbies or your business plans! Let us help you achieve your dreams!
Apply for a Loan!

Aug 15, 2016

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Back to school can be exciting, but it can also be a little nerve-racking for students and parents!

Here are some tips to help make a smooth transition:

  • We all know that kids can get a little, uh, “lazy” in the summer, staying up late and sleeping well into the morning.  Before schools starts back up, though, it’s always a good idea to practice getting back into a routine.  Have them start their routine a week or two before school starts; that will make it will make it much easier to transition when school begins.
  • New school year usually means new teachers.  Parents wonder, “Will they like their new teacher?” If little Johnny is nervous about meeting his new kindergarten teacher, some teachers welcome phone calls or visits before. It will help them get to know each other and hopefully relieve any anxiety about the unknown.
  • Sometimes new school years mean new schools!  Arrange to tour the school.  If your child starts in a different school and is nervous about finding his way around, take him to tour the new school a couple of days before. It might help them ease into it if they have a better idea of the layout of the school and location of their classes.
  • Shop for school supplies early! As we all know, sometimes the list might require 2-3 items that might be difficult to find in the local stores, and running around the day before to find those elusive supplies only causes frustration and anxiety. Planning early enough will perhaps allow you to purchase the items online and have them delivered right to your door. If you find that you need to make a major purchase, such as a new computer, remember that Eastex CU can help you with that purchase!

Your friends at Eastex CU would like everyone to have a safe, and fun learning experience this school year!  Stop by one of our locations and tell us how your year is going so far!

Aug 2, 2016

Payday Loan Scams - how to avoid them!

Every day there are more and more scams to worry about. Unfortunately, now you can add payday loan scams to the list. Most scammers’ main talent is in impersonation. So be extra suspicious of anyone calling and claiming to be a debt collector.

What are Payday Loan Scams?

According to Investopedia, a ‘Payday Loan’ is a sort of short-term borrowing where someone borrows a small sum of money at a very high interest rate. The borrower then agrees to pay the loan back, plus the interest fee at a later date – typically the borrower’s next payday. They differ from traditional personal loans in that they are calculated over days rather than years. They are also called check advance loans or cash advance loans. Continue reading »

Jul 26, 2016

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Your money is important to you. With more and more Americans struggling to make ends meet, it’s becoming more clear how important it is to have an emergency fund established.

The total average household debt is about $130,000 between credit card debt, mortgages, auto loans, and/or student loans. Add to that the temptation to try to keep up with the Joneses while living paycheck to paycheck, and the result is financial disaster.  It’s been said that only 38% of Americans could cover an unexpected emergency such as a trip to the ER, emergency plumbing visit, or even a car repair.

The good news? That doesn’t have to be you. Let’s take a look at a few easy steps to establish a fund that will protect and prepare you and your family in case of an emergency.

Step 1: Start with a Small Goal

Don’t be overwhelmed by the idea of setting a huge lump sum as your goal for your emergency fund. Start small with a reasonable goal, like $250 or $500. It is small enough that you could possibly reach it in a few months or weeks depending on your current financial situation. It may sound small now, but in the event of an emergency, that $500 can make a huge difference.

Break down that small goal into even smaller goals, like $25 a week or $40 a week or month. Whatever your number is, after a couple months, you’ll be able to reach your goal! You can also use our savings calculator to help you determine your most effective strategy to build this emergency fund.

If you’re feeling like even $25 is too much to go without each week, here are a couple of ways to cut costs:

  • Write down all of your monthly expenses. You might realize just how much money is being wasted without even realizing it.
  • Make a budget and stick to it.
  • Transfer your big bank credit card over to Eastex Credit Union. We offer lower rates with no hidden fees.
  • Take the time to make a real grocery list instead of trying to keep it all in your head.
  • Carpool
  • Cook your meals at home and bring them to work
  • Use public transportation
  • Cut the cable
  • Make coffee at home instead of stopping at your coffee shop every morning; you’d be surprised how much this adds up!

Step 2: Make it an Automatic Transaction

Be intentional with your savings plan by opening a savings account with Eastex Credit Union. We offer many different types of savings accounts that are designed with your greater goals in mind. We can automatically set up withdrawals to go directly into your savings account so you don’t even have to think about it!  And, remember – it’s for emergencies only, so don’t dip into it unless you absolutely have to!

Step 3: Don’t Get Discouraged

Making a lifestyle change isn’t easy, and it may be hard to stay determined. Remember to set small milestones along the way so you don’t get overwhelmed. It will feel good to reach those small goals, and eventually your money will start working for you as it grows!

When you complete a small goal, set another goal. Keep the automatic savings in place and set a higher amount for your emergency fund. Once you hit that, aim for an even larger goal like living expenses, a trip, a big ticket item, or whatever it is you want. Keep accumulating money and over time you’ll begin to see the results.

By following these easy steps, you’ll be much better prepared should an emergency occur.  You’ll have a savings account to turn to instead of a credit card. Keep following the plan and before long, these emergency expenses won’t disrupt your life the way they used to.

Contact Eastex Credit Union today to get your savings account set up!

Jul 19, 2016

Credit Unions beat Banks in a lot of real ways. Here's more info!Do you want to save more money? Nowadays, more and more people are looking to other financial institutions for guidance to help them save money. One of these types of institutions is a credit union. Credit unions offer several financial products and services that help members maximize their incomes and boost their savings.  Sounds like a bank? Well, here are a few reasons why credit unions beat banks.

But First, What is a Credit Union?

Credit unions are like banks in that they provide a wide variety of financial products and services such as accepting deposits and giving loans. What distinguishes credit unions from banks is that they are not-for-profit organizations and are owned by its members, unlike banks which are owned by a small group of individuals. Continue reading »

Jul 18, 2016

college fund

You don’t have to wait until your child gets his or her first job before you open up a checking or savings account! Here at Eastex, we encourage our members to open an account as soon as you can! Opening accounts for your child today can help them learn about savings for the future and managing their money.

Eastex Credit Union offers youth and young adult accounts. They are protected the same way your accounts are and are easy to manage. iSave is a program designed for youth 13-22 years old, and gives your child access to their money when they want it. They’ll receive their own debit card (with a parent signature) with a $300 limit, free checks, their very own VISA credit card (must be 18 to qualify) and a 1% off loan rate. In addition, we will teach your child all about how to use a checking account, how to know what exactly is in their account, how to apply for a credit card, and why having a credit card is a good thing when used responsibly.

Contributing to a savings account is also an important practice for youth.  Even the smallest amount of savings for your child could make the world of a difference for their future. For example, children who have a savings account for college are more likely to actually attend college and even more likely to graduate college!

We also host MAD City Money throughout the school year to help you teach your children about financial fitness and gives real life examples of financial management. This type of guidance is important for setting them up for the future with good habits and a better understanding about money.

Just because it’s summer doesn’t mean all learning has to come to a halt. Contact Eastex Credit Union today to get started.

Jul 7, 2016

Avoid Credit Card Scams Don’t get scammed! If you have ever been the victim of credit card scams, then you are aware of how sneaky and convincing these scammers can be. Unfortunately, many people still fall victim to these scams every year. Credit cards get stolen and both online and offline credit card fraud happens. Why is this allowed to continue? What systems are in place to prevent these problems? How does a thief get your credit card number? What can you do to keep your credit card information safe? Let’s look further into credit card scams and how you can protect yourself.

Credit Card Scam Techniques

How Do They Get Your Credit Card Number?

In order for credit card scams to take place, the first thing the scammers need is your credit card number. They accomplish this in several ways that can be very basic or technologically advanced. Continue reading »

Jun 28, 2016

Hurricane Preparedness

Hurricane season is practically here. With the major flooding all throughout Texas recently, it might be time to buckle down and start to think about how you can better prepare for hurricane season with an emergency plan. Planning ahead of time and a well thought out emergency plan can help protect you and your loved ones against a potential storm.

Before a storm even hits, it’s important do know your risk during storm seasons. You can look up your flood risk for your community beforehand and that can help you determine the type of flood insurance coverage you need since standard homeowners insurance won’t cover flooding. Another great thing to do prior to a storm is to take a home inventory. Take written and photographic record of your valuables, this will help assist your insurance adjuster with processing your claims quickly and correctly. Anything extra you can include like model numbers, purchase price, or more is also helpful. Once you’ve done that, if you know you’re in a flood zone, purchase materials that can help protect your home in advance to storm season. Having them on hand when you need them is easier than having to scramble last minute.

Assemble an emergency kit and develop a communication plan! In your emergency kit, you should include a first aid kit, flashlight, extra batteries, a few days of non-perishable foods and water, towels, and a supply of whatever necessary medications you might need. Stay up to date on the storm’s path and progress by monitoring emergency alerts. Know how you will contact loved ones, what to do if you get separated, and a plan of attack in different situations. This will help eliminate stress and confusion when it happens.

Another general rule to follow for hurricane season is to protect financial documents. In the event of a disaster, you will need identification and financial documents to begin the recovery process. Safeguard important documents in a bank safety deposit box, computer storage devices (USB drive, CD/DVD), and/or waterproof storage containers, including:

    • Personal identification (driver’s licenses, birth certificates, military IDs, passports, etc.)
    • Financial account information (checking, savings, retirement and investment accounts, credit/debit cards).
    • Insurance policies on all personal property, including appraisals and lists and photos of valuable items.
    • Ownership or leasing documentation for homes and vehicles (deeds, titles, registrations, rental agreements, etc.)
    • All health and medical insurance documentation.

If something unfortunate should happen, Eastex Credit Union is here to help you through. We have personal loans that can help provide you with the money you need in the event of a disaster without adding extra financial burden to your situation.

Jun 21, 2016

Get Savings Plans that work for you!

Choosing the right savings plan can lead to long-term financial security and the ability to make major purchases with greater ease. At Eastex, we pride ourselves in providing our members with a wide range of financial options as well as a level of personalized service that is simply unavailable through other financial institutions. Our members have access to the loan options, membership benefits, and savings plans that have been tailored to ensure they are able to achieve their long-term financial goals. From planning for retirement to buying a new home, customized savings plans can play a major role in planning a more comfortable and secure future.

Personalized Service

Everyone has different needs and prepackaged financial service options that may be ideal for one member may not be the best solution for another. Eastex provides our members with the personalized level of service needed to address almost any financial concern or issue. The guidance and assistance of a friendly and experienced financial professional can be essential when it comes to exploring different financial options and finding those that will be better suited to individual needs, circumstances and long-term goals. Dealing with a financial institution that fails to provide its members with quality service and personalized assistance can lead to no end of problems and issues. Continue reading »

Jun 14, 2016

Vacation loans from Eastex Credit Union!After a year’s work and trouble, all you can think of is a long and relaxing vacation. Yet, when you review your budget, you realize you cannot afford it. Before you kiss your dreams goodbye and let your loved ones down by putting their plans on hold until next year, there is one option you should consider: vacation loans!

Before you dismiss the idea thinking that the last thing you need is another load on your budget, consider the following:

  • The loan may be your only chance to offer yourself and your loved ones the possibility to recover after last year and recharge your batteries for next year;
  • The repayment will be structured in small monthly payments that you will barely feel, especially when remembering the fun you had on your vacation and hearing your loved ones recount their adventures;
  • The interest will be a small price to pay compared to the frustration and bitterness of having to spend your vacation at home, witnessing your loved ones’ disappointment and listening to your friends and neighbors’ vacation stories.

And if you have already had your share of negative experience with banks or private lenders, we have a much better option for you: credit unions. They offer a wide variety of loans and they often have far more flexible and affordable terms and conditions. Their approval procedure is simple and fast, and their loan costs are typically lower. Just check out their loans for vacation and you will see for yourself.

Credit Union Vacation Loans Explained

Various Types of Loans Addressing the Same Needs

Depending on your local credit union, you should be able to find convenient offers focusing either on vacation financing or on other closely related needs. If your idea of vacation involves sailing, fishing, swimming and diving, you could see it materialize with a boat loan.

If you would rather follow your instincts on a Harley, a motorcycle loan could help you get it. You can also acquire a home on wheels and take your loved ones on a lifetime vacation with an RV loan, or simply take a cash loan, book the plane tickets and some fancy hotel rooms on the beach and enjoy ultimate comfort in the sound of the waves.

Excellent Repayment Terms That Won’t Prevent FUTURE Dreams

When you decide to take loans for vacation, it is important to know that this decision will not jeopardize your next year’s vacation plans. That is why credit unions offer short and flexible repayment terms, adaptable to your needs and budget.

You have a minimum amount to pay every month, but paying more is always an option. You have low interest rates, established by people who understand both the importance of enjoying a nice vacation every now and then and the stress of strict budget limits.

Fast Approval, As You Have No Time to Lose

Vacation loans shouldn’t be especially difficult to acquire. After all, you’re getting the loan in order to get AWAY from all the hard work! As a member, your information has already been verified, so most of the approval procedure aims to establish the most convenient terms for you. As soon as you have submitted your application, you can start booking and packing. Not a member yet? That process is easy too! Join our credit union today!

Take All These Benefits to the Next Level with Eastex CU

A credit union with tradition and reliable members, Eastex CU has been financing unforgettable vacations under incredible terms for over five decades. You too have the opportunity to benefit from the best loan offers on the market if you become a member.

You are losing out on lifetime benefits and opportunities! Become an Eastex CU member now and gain access to the best offer of vacation loans and other financial services on the market! Thousands of members just like you can no longer imagine their life outside the union. Find out why!

Apply for a Loan!


AUTO LOANS

RATES AS LOW AS

2.20%

APY*

CREDIT CARDS

RATES AS LOW AS

6.99%

APY*

MONEY MARKETS

RATES UP TO

0.35%

APY*

CERTIFICATES

RATES UP TO

0.70%

APY*

IRA

RATES UP TO

0.75%

APY*

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