Educators Credit Union: Serving West Allis and Beyond
Educators Credit Union, with a strong foundation built on the principles of fair and reasonable financial services, extends its reach to West Allis and surrounding communities. Founded in 1937 by teachers, the credit union's initial mission was to provide educators with access to borrowing and savings opportunities at equitable interest rates. Over the years, Educators Credit Union has broadened its scope to include a diverse membership base, including students, government employees, healthcare professionals, small business owners, and other community members. This article explores the services offered by Educators Credit Union, with a focus on its West Allis presence and its commitment to serving its members' financial needs.
A Legacy of Service and Core Values
Educators Credit Union's enduring success is rooted in its unwavering commitment to quality service and member satisfaction. The credit union fosters a culture that values honesty, integrity, respect, fairness, and excellence. These core values guide the actions of its employees and shape the way it interacts with its members. Employees are provided with excellent benefits, competitive wages, and opportunities for professional development, which in turn empowers them to deliver the high-quality service that members expect.
Merger with Empower Credit Union
In a significant move to expand its reach and enhance its services, Educators Credit Union merged with Empower Credit Union on January 1, 2025. This merger brought two new branches and the entire Empower staff into the Educators Credit Union family. Empower members now benefit from access to 23 additional locations, while Educators members gain two conveniently located branches in the Milwaukee area. This strategic alliance reflects Educators Credit Union's commitment to growth and its dedication to providing members with greater convenience and access to financial services.
Financial Products and Services
Educators Credit Union offers a comprehensive suite of financial products and services designed to meet the diverse needs of its members. These offerings include:
Savings Accounts: A variety of savings accounts are available to help members achieve their financial goals, whether it's saving for retirement, a down payment on a home, or simply building an emergency fund.
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Checking Accounts: Educators Credit Union provides convenient checking account options with features such as online and mobile banking, debit cards, and direct deposit.
Loans: Educators Credit Union offers a range of loan products to help members finance their purchases, including auto loans and mortgages.
Auto Loans
Educators Credit Union provides auto loans with financing options up to 105% of the approximate retail value. Loan rates are influenced by factors such as the loan term, credit score, and credit tier. The lowest rates are typically available to borrowers with a credit score of 670 or above. It is important to note that rates are subject to change. For example, rates and payments are based on a 36-month term.
Mortgages
Educators Credit Union offers mortgage solutions to help members achieve their dreams of homeownership. While specific rates are subject to change and are not guaranteed until a formal lock is processed, the credit union strives to provide competitive rates and flexible terms. Property insurance is required on all mortgages. Closing costs are approximately $1,600. It's crucial to remember that mortgage payments do not include amounts for taxes and insurance premiums, which will increase the actual payment obligation. Additionally, interest on a home that is greater than the fair market value of the home is not tax-deductible for federal income tax purposes. APR is calculated on a loan amount of $100,000.
Community Involvement
Educators Credit Union is deeply committed to the communities it serves. The credit union actively participates in local events and initiatives, demonstrating its dedication to making a positive impact. Educators Credit Union supports educational endeavors through scholarships and partnerships with local schools.
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Educators Credit Union Scholarship
Educators Credit Union demonstrates its commitment to education by offering an annual scholarship program. The 2026 Educators Credit Union Scholarship, for example, awarded 35 students with $2,000 each to help cover the cost of higher education. This scholarship program provides financial assistance to graduating high school seniors who are pursuing their college or technical school dreams.
Love Week
Educators Credit Union actively engages with the community through events like "Love Week." For instance, in 2026, the credit union partnered with the Racine Police Department to celebrate outstanding students in the Racine Unified School District.
Educators Credit Union in West Allis
While Educators Credit Union serves a wide geographic area, its presence in West Allis is particularly noteworthy. The credit union provides convenient access to its financial products and services through its branch located in West Allis. Members in West Allis can take advantage of the full range of services offered by Educators Credit Union, including:
- Personalized financial advice
- Assistance with loan applications
- Account management services
- Access to online and mobile banking
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