Salvation Army Effort

ESCU is now a drop off point to assist the Salvation Army with distributing aid for the recent flood relief efforts. Visit http://salarmy-nashville.org for information on the items most needed. A monetary contribution is also a highly efficient way to help. Thanks for your assistance!

Say "YES" to no bounce: Opt-In

Want to keep your ESCU debit card from being rejected for insufficient available funds? Get protected today by opting in (signing) on the notice you recently received in the mail. This is the same "courtesy" service we have always provided, however Federal Regulations now require you must choose to enroll in this protection. By opting in, your everyday debit card transactions will go through without the embarsassment and hassle of being rejected for insufficient funds. All you have to do is sign the bottom portion of the opt-in letter and return to the credit union. If you no longer have your letter, you can pick one up at either ESCU location.

NEW! - ESCU Platinum Credit Card Offer

Keep an eye on your mail for the NEW Platinum Card** offered by ESCU. Many pre-selected ESCU members will be receiving this great opportunity to save with a 7.99% APR introductory interest rate. You also may qualify for an increase to your available credit limit. And, the benefits do not stop here - This is a rewards card, earning you points with every dollar spent in net retail purchases! Don't miss out - Apply Today! (**See application packet for full program details.)

ESCU and Shared Branching

Just a reminder to our members who take advantage of shared branching; Be sure to use the proper business name for ESCU (Electric Service Credit Union). Please do not refer to "Nashville Electric Credit Union" or "NES" Credit Union as these are not recognized by employees in other credit unions participating in the shared branch cooperative. Using the proper name will help prevent delays with your transactions.

Your ESCU Member's Advantage Program

Looking for a new restaurant to try? Or, how about some discount shopping? From our home page, click on Member Services, then click on Member's Advantage. You can then view all the participating businesses and the discounts they are offering you as an ESCU member! The establishment's contact information will be listed, or you can simply click on the "coupon" link and print a copy of the discount to take with you. If you would like to see a favorite business of yours added to the list, get us their information and we will be happy to contact them!

New Law on Deposit Insurance Limits

On May 20th 2009, President Obama signed into law the extension of the FDIC $250,000 coverage on deposits until 12/31/2013. For more information on this legislation, you can visit the FDIC website: http://www.fdic.gov/deposit/deposits/changes.html

Be aware of fraud and phishing scams

Unfortunately, this type of crime continues to grow, especially in the banking and financial services industry. A potential "scammer" may attempt to get personal information from you by a phone call or an email. The caller will alert you that your information has been compromised and that they can help protect you from any unauthorized account activity. DO NOT give out information. We will never ask you for your account number, etc. as we already have this on file here at the credit union. If you receive any suspicious call/email regarding your ESCU account, simply hang up and call us directly for assistance.

Introducing NEW - LOWER rates

ESCU has new consumer loan rates* effective April 1st: New vehicle up to 48 months,4.99%*; Used vehicle up to 48 months,5.25%*; Motorcycles up to 48 months,6.99%*; Watercraft up to 72 months,6.99%*; Campers/Trailers up to 72 months,6.99%*. Call one of our representatives today for details! *Loan rates may vary based upon borrower qualifications and/or loan terms.

Federal Regulation D

The Federal Reserve Board created Reg. D which limits the number of electronic transfer/withdrawal transactions from your savings account to six (6) per calendar month. This includes but is not limited to on-line transfers, transfers by phone request, pre-authorized funds transfer to other financial institutions, and overdraft protection transfers. Any account with more than the six allowed transactions will be subject to a fee charged to the account. Call ESCU for more information.

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 your 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 also offer IRA Certificates of Deposit. Contact the credit union to find out more about our IRA accounts and start planning for your future today.

ESCU Welcomes Davidson County to its Membership!

ESCU welcomes anyone who lives, works, worships, attends school, or belongs to an organization chartered 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!