Response To Recent Bank Failures

In response to this weekend’s headlines regarding a bank failure, we want to assure our members that Education First Credit Union is financially strong and well-capitalized. Your money is safe here. When you join Education First Credit Union, your funds are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States government.

Additionally, consumer (non-business) account holders have access to an additional $250,000 of insurance through the Excess Share Insurance Corporation (ESI), a licensed insurance company, for a total of up to $500,000 in account insurance.

The NCUA (National Credit Union Administration) only insures credit union’s deposits. The NCUA is an agency of the United States Government, much like the FDIC (Federal Deposit Insurance Cooperation), providing bank coverage.

Your credit union is a not-for-profit cooperative owned by you and other Education First Credit Union members.

Education First Credit Union is locally-based in Columbus, Ohio and governed by a bonded, volunteer Board of Directors.  We remain a safe place to store your hard-earned deposits.

 Our members enjoy the assurance of knowing their accounts are safe.

We are here to answer any questions you may have, just as we have been since 1936.

Additional resources further explaining NCUSIF & ESI Share Insurance: 

https://mycreditunion.gov/sites/default/static-files/insured-funds-brochure.pdf

https://ncua.gov/files/publications/guides-manuals/NCUAHowYourAcctInsured.pdf

https://mycreditunion.gov/insurance-estimator

https://www.educu.org/wp-content/uploads/2023/03/ESICoverageBrochure.pdf

Have An Easy Tax Season!

Make life a little easier this tax season with discounts on tax solutions that save you money, time and stress.

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Holiday Loans Available!

Make your holidays a little brighter with a holiday loan from Education First CU.
Borrow up to $5,000 for up to 36 months, as low as 6.99% APR*.

Apply online, or in person.

Click Here To Apply.

*APR=Annual Percentage Rate. The offer is subject to credit approval. Rates, terms, and conditions may vary based on creditworthiness and loan qualifications. Minimum credit score and loan underwriting is required. Some restrictions may apply. Available November 1, 2022, through January 31, 2023. One Holiday Loan per member at any one time. This offer is subject to change at any time and without advance notice.

Board Member – Call for Candidates

Education First is looking for members interested in serving on our Board of Directors. Our board members are the leaders who help guide the credit union into the future. If you are a member in good standing and you would like to serve as a volunteer board member please request  your application packet by  calling 614-221-9376 ext. 463, stop by one of our branch offices or click here  to print a copy.

Completed packets can be mailed or returned to one of our branch offices.

Mail to:

Nominating Committee Chairperson
Education First Credit Union
510 E. Mound St.
Columbus, Ohio 43215

Applications must be received by October 31, 2022