Change in Check Holds

Effective September 1, 2008 all check funds deposited into your share or share draft accounts will have a minimum three day business hold placed on them. Members wishing to have their funds released sooner may contact the credit union to discuss the situation.

One way to avoid the inconvenience a check hold may cause is to sign up for direct deposit. Direct deposit funds are available the day they clear your account. Not signed up for direct deposit? Contact the credit union or your employer to discuss the benefits you can receive.

E-Statements: Go Paperless!

If you are like many members, you are bombarded with a mailbox full of sales flyers, advertisements and junk mail every day. One way to help clean up you mailbox is to opt for Electronic Statements or E-Statements from Electric Service Credit Union. This eliminates that paper statement you receive each month.

E-Statements are the same statement you would receive in the mail right on your desktop. This makes balancing your statement even easier, especially if you already use a money management program on your computer.

Only receive quarterly statements now? Signing up for E-Statements means you automatically get a monthly statement to make balancing easier.

To sign up for E-Statements, please contact ESCU.

Plan Now So You Can Enjoy Retirement

As the US economy continues to be volatile, you probably keep hearing about the future of Social Security. Many people will not be able to support the lifestyle they are accustomed to by depending on Social Security alone.

One way to better prepare yourself for your retirement is to start putting money away now into an Individual Retirement Account or IRA. An IRA is a great way to accumulate tax-advantaged retirement savings. Electric Service Credit Union offers Traditional, Roth and Coverdell Education IRA accounts with no annual maintenance fees.

Already have an IRA? Look over your statement carefully. Most investment planning services charge an annual fee for maintaining your account. The money going toward these fees could be staying in your IRA account with ESCU.

We offer IRA Money Market accounts as well as IRA Certificates of Deposit. Contact the credit union to find out more about our IRA accounts and starting planning for your future now.

ESCU Welcomes Davidson County to its Membership!

Electric Service Credit Union is now open to anyone who lives, works, worships or attends school in Davidson County. That means that your neighbors, co-workers and friends may now be eligible to join the credit union and experience the same great rates and service our members have for years. Visit the credit union office for details on how to become a member and help pass along the benefits!