ECU INSIGHTS APRIL 2021 ECU selects Scholarship Recipients Twelve deserving Seniors were awarded the Ralphael “Ralph” Barksdale Jr. Memorial Scholarship at ECU’s An- nual Meeting on March 22, 2021. The scholarship committee was thrilled by the response of qualified and deserving applicants. They reviewed every applicant based on academic achievements, co-curricular and extra curricular activities, community service and financial need. Recipients attend the college or university of their choice and scholarships are paid directly to the school. 2021 recipients were each awarded a $1,000 schol- arship. They were: • Michael Aguilar from Waco High School • Logan Hare from Rogers High School • Addison McDonald from Lampasas High School • Katheryn McGinty from Connally High School • Andrew Mornes-Jones from Waco High School • Kaitlin Powers from Midway High School • Thomas Powers from Lorena High School • Angel Sanchez from Waco High School • Lauren Thompson from Riesel High School • Cody Tindle from Parkview Christian Academy • Sam Webb from China Spring High School • Xavier Williams from Waco High School (pictured left to right, top to bottom) Congratulations to these very worthy recipients. COMING SOON - REMOTE DEPOSIT Deposit checks in a snap. Manage your money at home or on-the-go. Skip the trip to a branch and deposit checks anytime, anywhere with your mobile device. It’s simple and safe — and so easy that you can conveniently deposit checks in three quick steps: Step 1: Log into your mobile banking app. Click Check Deposit in the Menu. Step 2: Select the account, type the amount and then snap a photo of the front and back of your check. Step 3: Confirm the account and amount. Download our mobile app today to start depositing checks, or visit us at www.edcu.com to learn more. Employees Receive Service Awards Monica Krenek Chris Beckman Carol Bailey Melissa Vohl Maribel Guerrero Vice President - Lending Copperas Cove Compliance/BSA Officer Teller Supervisor Loan Compliance 30 years Branch Manager 20 years 15 years 5 years 25 years Miguel Jaramillo Marc Moore Jakob Shapiro Jolene Pankonien Keelan Willis Loan Processor Collections Manager Teller Home Equity Assistant Hewitt Branch Manager 5 years 5 years 5 years 3 years 3 years “Each of these employees plays an integral part in the success of the credit union. We truly appreciate their dedicated service to Educators Credit Union.” William Palasota President/CEO The Importance of Adding a Beneficiary Adding beneficiaries to your credit union accounts is an important step to take in order to protect your as- sets and ensure they’re passed to the intended recipients. When a person dies without a joint or beneficiary, the money in a credit union account may become part of that person’s estate and can take months or even years to get out. When a Payable on Death (POD) Beneficiary is listed, that person(s) may bypass the estate and probate process and claim the money by providing proof of identity and a certified copy of the account holder’s death certificate. Visit any ECU location to add a beneficiary. One of our friendly staff members will be happy to assist you. Inactive Accounts Every year ECU sends funds to the state from accounts which are inactive. In the state of Texas, an account is considered inactive after one year if no transactions are completed on the account. After three years of inactivity, the funds in those accounts are sent to the state. To keep your account from becoming inactive be sure to make a deposit or withdrawal from your account at least once a year. ATTENTION C.U.B. CLUB AND TEAM MEMBERS! Visit ECU during the month of April to help us Notice of Availability of Documents celebrate National Credit Union Youth Month. “Be a ECU will provide information on the following docu- CREDIT UNION SAVER and your savings will NEVER ments on request: GO EXTINCT” is this year’s theme. 1. A summary of the most recent annual audit Stop by any ECU branch and make a deposit to your 2. The most recent statement of financial condition C.U.B. Club or TEAM account to: 3. IRS Form 990 report • be entered in the National Savings Challenge and 4. Articles of Incorporation • be entered to win one of four $25 prizes.* 5. Bylaws and Rules Remember, ECU membership is open to all your family members. Requests must be made in person, by a member of legal age, at ECU’s main office located at 501 W. State *One entry per account number per day. Hwy 6 in Waco. Keep your Address Updated Upcoming Events Do we have your correct address and phone num- April National Credit Union Youth Month ber? Please keep your contact information up-to- date at the credit union. Should there be any issues concerning your account, we need good contact information in order to reach you. Audio Response: Online: 254-751-5871 www.edcu.com 1-800-460-1331 Locations: Main Office - 501 W. State Hwy 6 • 254-776-7900 Facebook @ EducatorsCUTX TSTC Office - 100 Bolling Dr. • 254-799-8946 Hewitt Office - 501 Hewitt Dr. • 254-666-7711 Holiday Closings: Lake Shore Office - 2400 W. Lake Shore Dr. • 254-752-1815 Memorial Day - Monday, May 31st Robinson Office - 641 N. Robinson Dr. • 254-662-9595 Independence Day - Monday, July 5th (observed) Gatesville Office - 306 S. Lovers Ln • 254-865-8664 Your savings federally insured to at least $250,000 and Copperas Cove Office - 201 E. Robertson Ave. • 254-547-4411 backed by the full faith and credit of the United States government. National Credit Union Administration, a Trojan Branch at UHS - 3201 South New Rd. • 254-756-1843 x2019 U.S. Government Agency.