February is the season of love that’s why we’re sharing 14 reasons why we love Eastex Credit Union.
Find out how we can make a difference on your path to financial success!
People Helping People Philosophy
Credit unions were built on the principle of “people helping people.” We’ve seen that philosophy in action for more than 100 years, with credit unions providing access to affordable financial products and striving to meet the needs of underserved communities. Eastex Credit Union is honored to be a part of this proud tradition.
Member-Owned Credit Union
Credit unions such as Eastex Credit Union operate as a strictly member owned institution. When you open an account at a credit union, you receive a share and automatically become a shareholder in the credit union.
Not-For-Profit Credit Union
Eastex Credit Union is a not-for-profit institution. While banks are in the business of maximizing profit and issue dividends to their stockholders, credit unions give profits back to the member through lower fees, better rates, and higher yields on savings.
Members of the credit union vote for the board of the credit union. This means that the credit union is a democracy that works for the members.
Better Rates and Terms on Loans
Credit unions like Eastex Credit Union can be more flexible with loan requirements and aim to help the communities we serve by making it easier for members to qualify for a loan. Overall, credit unions are willing to spend extra time with members to help meet their financial needs and can be more willing to consider alternative forms of collateral. This can help those with perfect, average, or less than ideal credit scores. Because of this, credit unions can offer lower interest rates on mortgages, auto loans, and personal loans compared to traditionally larger banks.
Greater Access to Financial Education
We are committed to helping members achieve their full potential by improving their financial health. Many credit unions such as ours offer free financial education resources. These educational resources help members to make sound financial decisions that impact their future.
A More Personalized Approach
At Eastex Credit Union, we understand the importance of truly knowing our members. We look forward to hearing about your life updates each time we see you. We strive to make every member of our community feel valued, welcomed, and heard.
Products and Services Designed to Fit Your Needs
We understand that when it comes to personal finance, there is not a “one size fits all.” We take time to understand your specific situation and help you to find the best products and services that meet your needs, wherever you are on your financial journey. Our financial experts are ready to help you find the best solution to a financial need.
Involved in the Community
We are committed to serving our local community and making a difference! We promote worthwhile causes, sponsor local events, and strive to have a positive impact on surrounding businesses and members of the community.
Keep You Up to Date
From our website, newsletters, monthly blogs, and our social media account, we are continually looking for ways to keep you in the know about credit union events, promotions, scam alerts, and so much more. Be sure you’re following each platform to miss out on anything!
Each year, we award six high school seniors or undergraduate students a $500 scholarship. We are proud to give six deserving students of Eastex Credit Union the chance to apply and obtain a scholarship for college expenses.
Shared Branching Network
With shared branching, credit unions from all over the country share facilities to give members thousands of convenient locations to perform transactions just as If they were at their home credit union. This can help if you are traveling and need to visit a shared branch or no-surcharge ATMs. This is one of the many ways that credit unions form a cooperative for the benefit of the member. Eastex is proud to take part in the shared branching initiative!
You can always count on us for seasonal promotions to take place each year, such as our twice a year skip-a-pays, Jingle Bell Holiday Loan, and so much more. We provide opportunities for our members to borrow wisely and to get ahead when they need to.
Your Funds are Insured
Each account that you have at Eastex Credit Union is insured of up to $250,000. Through American Share Insurance (ASI), there is no limitation to the number of accounts that can be insured. For example, 20 account types = $5,000,000 worth of coverage to one member. No credit union member has ever lost money in any ASI-insured credit union account, so you can rest easy knowing your funds at Eastex Credit Union are insured.