The East End Food Co-op Federal Credit Union is a member-owned and democratically-governed non-profit financial cooperative. Together, we strive to provide equitable access to fair and transparent banking and credit. We are committed to safe, sound and sustainable banking that responds to the needs of the community, nurtures financial growth and supports financial literacy.
Founded in 1993, the EEFC FCU provides a number of financial services for our members. Our credit union is member-owned and because we do not need to make profits for stockholders, we are able to have low fees and great rates on loans and savings. We work to save you money while serving the community and we are democratically controlled by our members. Every member gets to vote for our Board of Directors and our Board is made up of members!
News from the EEFC FCU
Loan Deferal and Emergency Assistance Programs
April 10, 2020
We are working to provide assistance to those facing financial hardship due to the COVID-19 crisis. If you currently have a loan with the EEFC FCU and anticipate difficulties making your monthly payments, you may be eligible to have your loan deferred for up to six months. If you have been furloughed or face reduced hours at work, our emergency loan program may be able to help.
Loan Deferment Program
If you currently have a loan with the EEFC FCU, and your finances have been affected by COVID-19, you may be eligible for assistance through our Loan Deferral Program. This initiative is intended to provide immediate financial relief for individuals experiencing hardship as a result of the COVID-19/Coronavirus Pandemic. Approved applicants will receive:
- Immediate relief on payments
- Up to 6 months deferment of principal and interest (interest continues to accrue while the loan is deferred)
- No fees
- No negative impact to credit report
Emergency Loans Available
If you have been furloughed and are in need of immediate financial assistance, our emergency loan program may be able to help:
- Maximum amount: $3,500
- Rate: 4.99%
- Term: 6 months
- No monthly payments. After 6 months when the loan matures, you can either pay off the loan in full or refinance at our regular personal loan rate & terms.
- Members must meet our regular personal loan guidelines to qualify, however we will determine your eligibility using your prior period paystubs, (income from the end of Jan to end of Feb).
STATEMENT ON THE EAST END FOOD CO-OP FCU’S RESPONSE TO COVID-19
March 19, 2020 (updated April 02, 2020 - extended through April 30th)
The EEFC FCU has been monitoring developments related to the ongoing COVID-19 pandemic and its impact on the health and well-being of our local community. While the situation continues to evolve, we understand the importance of preserving reliable access to your financial resources in times of uncertainty. To ensure that we are able to continue to serve the East End community during this crisis while safeguarding the health of our members, staff and volunteers, the Credit Union is taking the following steps:
From March 19th to April 30th, the Credit Union will adhere to the below hours of operation:
- Wednesdays from 4:00pm - 6:45pm
- Fridays from 3:00pm - 6:45pm
- Saturdays from 11:00am - 3:00pm.
(The option to schedule appointments outside of regular business hours has been temporarily suspended.)
In addition to these changes, the Credit Union encourages its membership to consider the following to help us reduce in-person contacts:
- Account inquiries can be made via phone, email and online banking
- Deposits (checks & money orders) can be sent to the Credit Union by mail.
- If you need to make a withdrawal, the Credit Union can mail you a cashier’s check free of charge. Checks can be requested by phone, email and through online banking
- Loan applications can be requested by phone or email. Completed applications can be returned by mail or email.
- If you need to visit the Credit Union in-person, you can call ahead to schedule a time to drop by. This will allow the Credit Union to stagger in-person visits to minimize your contact with other members.
We thank you for your flexibility and understanding as we work to do our part to slow the rate of infection and help protect the most vulnerable in our community.
~Daniel J. Webb - General Manager, EEFC FCU
Checking Accounts Now Available!
February 19, 2020
The EEFC FCU is proud to announce the introduction of share draft accounts.
Gain access to a Credit Union account with low fees, unlimited monthly transactions and the ability to write your own personal checks. Checks available to order through the Credit Union. Contact us today to open your own checking account!
Online Banking is Here!
October 1, 2019
EEFC FCU is now offering online banking.
In response to member feedback, the Credit Union has been busy adding new products and services. Online banking is now available! View your share/loan account information online, request checks, access e-statements, and transfer funds between your credit union accounts at www.eefcfcu.org/online-banking. To get set-up, contact us at 412-243-7574 or firstname.lastname@example.org
2019 Annual Meeting
Sunday, September 15th at 1pm in the EEFC/POWER Conference Room (inside The Factory building at 7501 Penn Avenue)
The Credit Union's annual meeting is coming up! Nab a free lunch, meet fellow members/staff/volunteers and learn more about recent developments and our plans for the future. For more information, or to RSVP, contact Dan at 412-243-7574 or email@example.com
Our credit union has been certified by the U.S. Department of the Treasury as a Community Development Financial Institution, recognizing our commitment toward expanding economic opportunity in low-income neighborhoods. Deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
"In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington, D.C. 20220 or call (202) 622-1160."