Educators Credit Union (ECU)

It appears that any credit union advertising report you read these days focuses on Gen Y. Rightly so – they are at the point exactly where they are getting loans, mortgages and saving for the future. Each Summer, the credit union donates to the Houston Food Bank and Galveston County Food Bank because the demand at food banks typically goes up due to school being out and donations decrease. The funds have been posted to the accounts of members who contributed to the credit union’s effective year. The National Credit Union Administration has approved an expanded field of membership for Gulf Coast Educators Federal Credit Union to serve the economic demands of college staff in eight counties in the Greater Houston Area.

The expansion was requested simply because the consolidation of credit unions in the Gulf Coast region has led to only a handful of credit unions left that serve the education industry exclusively. Gulf Coast Educators CEO, Linda Lukaszewski, along with a massive number of her team, has a special point of view when it comes to the monetary requirements of college workers. In addition to serving on an education foundation board for more than ten years, her daughter is a teacher in Deer Park ISD. Additionally, the credit union’s board is made up completely of volunteers who perform for, or are retired from, neighborhood school districts.

More than the years the credit has grown from humble beginnings to grow to be a half billion dollar financial institution that remains dedicated to serving employees of the education field. The credit union has built a loyal membership by supplying banking solutions that focus on bringing more cash, time, and peace of thoughts to its member-owners. One area exactly where the credit union can help school employees and school districts reduced fees is through the credit union’s Health Savings Accounts (HSA). This emotional connection will be a gateway to genuine economic education for our younger members.

The credit union gives free of charge HSA accounts to college district employees and retirees of districts who offer TRS ActiveCare and choose the high-deductible wellness strategy. The credit union would like to partner with the school districts to offer you the HSAs at no expense to the staff and districts. It is an problem that several education associations such as the Texas Classroom Teacher Association are hoping to address this legislative session. Years of encounter is not always essential, with some jobs asking for at year or less.

Lukaszewski points out that the credit union is capable and prepared to serve all of the financial requirements of region educators, but that the credit union has a moral crucial to support educators with the increasing burden of the rising expense of the employee portion of health insurance coverage. In December, there were $three,500 in the fund for toys and money donations to help toy drives in every single of the credit union’s regional branch cities of Pasadena, League City and Pearland. The Economic Literacy Grant plan was developed to help guarantee financial education begins at a young age, and to support the educators teaching it.