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What's in it for you?
- Safe & secure - At E&A Credit Union, your deposit accounts are federally insured. We are a safe & secure place for your money and have millions to lend! For more information, please click here.
- Ownership - When you join, your $5 share gives you ownership of the Credit Union. You're not just a customer or statistic!
- Better rates & lower fees - There are no stockholders. Profits are passed on to the membership in the form of better rates and lower costs & fees for our services!
- Unmatched member service - Our staff cares about every member's financial health. We bend over backwards to make sure we find the right financial solution for you!
We offer everything you'd expect from a financial institution:
- Savings
- Checking (free and dividend-bearing)
- Retirement Accounts
- CDs
- Money Market Accounts
- Online Banking & Bill Pay
- eStatements
And so much more:
- Debt Management
- Insurance
- Identity Theft Protection
- Educational Seminars
Testimonials
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Who Can Join?
Anyone who lives, works or attends school in St. Clair, Sanilac, Lapeer and northern Macomb (M-59 and north) counties can become a member. We are a community-chartered credit union, which means you no longer have to belong to or work for a certain organization or business! For more information about becoming a member, call 1-800-356-EACU or email memberservice@eacu.org!
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Credit Unions vs. Banks
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Credit Unions
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Banks
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Member owned.
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Owned by small groups of investors who expect a certain return on their investments.
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Democratically controlled, run by a volunteer board of directors elected by the membership.
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Only the investors have voting privileges.
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Not-for-profit. After expenses are paid and reserves are set aside, surplus earnings are returned to members in the forms of higher dividends, lower loan rates and free or low-cost services.
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Only the investors get a share of the profits.
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Many are insured by the National Credit Union Share Insurance Fund (NCUSIF) which is backed by the full faith and credit of the U.S. Government. It operates on a pay-as-you-go system, which prevents the accumulation of annual losses.
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Insured by the federal government. Their insurance fund is called the Federal Deposit Insurance Corp (FDIC). Part of this fund, which covers savings and loans, had to be bailed out by using billions of dollars of taxpayers' money. The FDIC is not operated on a pay-as-you-go system.
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Credit unions are part of a worldwide support network that includes credit unions, state credit union leagues, a national trade association (CUNA) and a worldwide credit union organization (WOCCU). They share ideas, information and resources.
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Most banks belong to state and national organizations. However, banks usually are reluctant to share ideas, information and resources with each other.
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Join Now!
>>Membership Application
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