The Headstart savings account is designed just for ECU's teenaged members.
Whether you are depositing a birthday cheque, lawn mowing money or a paycheque
from your first employer, Headstart members can expect their savings to grow
quickly with this higher-interest, fee-free account. Headstart members really
enjoy using their own ECU Member Card® to make ATM deposits, withdrawals and INTERAC® Direct Payment purchases.
 As a Headstart member, you will also have access to your account through the Internet and by phone, with free MemberDirect® access. MemberDirect provides account transaction history, account balance retrieval, the ability to transfer money between ECU accounts and much more!
Teens who are big savers can invest in GICs for a minimum $500 deposit, a really smart way to protect and nurture their long-term savings.
Headstart Account Details:
- Interest is calculated daily and paid monthly.
- Interest rate on the savings account is 1/2% higher than the basic rate paid on our Plan 24 adult account.
- All transactions through the Headstart Account are processed free of charge.
- Term deposits are available for a minimum of $500.
- A Headstart Account holder may apply for a Member Card® with parental consent, which gives you access to your account at all Automated Teller Machines displaying The ACCULINK® Network, INTERAC® and THE EXCHANGE® symbols or for making INTERAC Direct Payment purchases.
- A low cost Xtreme $ense Account for chequing purposes is available.
Dennis Daub Scholarship
Dennis Daub, former CEO of the Education Credit
Union for 31 years, officially retired in 2011.
ECU is a financial institution formed by two former
WRDSB teachers in 1972 as a co-operative alternative,
designed for school board staff and their families.
Dennis’ association
with the credit union dates back to the year it was
formed, when he worked for the Waterloo Region District
School Board. He served on the ECU Board of Directors
until he assumed the role of General Manager in 1979.
Dennis
is a staunch supporter of continuing education, and
it is in his name that we offer a scholarship to WRDSB
students interested in furthering their education in
the business/financial field.
Candidates must:
- Have applied to a recognized business/finance
program of an accredited college or university.
- Be
enrolled in or graduated from, a WRDSB secondary
school.
To apply, complete the application
form provided,
along with a recommendation from the Guidance Head
or teacher of a WRDSB Secondary School and submit
to:
Attention: Dennis Daub
Dennis Daub Scholarship
Education Credit Union
Education Centre Branch
6-51 Ardelt Avenue
Kitchener, ON N2C 2S9
Or email to info@ecusolutions.com
Dennis Daub will review the submissions and recommend
a recipient each year by May 31.
Use Text Messaging to Get Your Account Info!
By Amy - Headstart Member age 17
When I was young my parents opened a credit union savings account for me. As I got older, I learned how to use the bank card I was given, as well as some basics about MemberDirect online banking. I learned how to manage my money and to be more responsible. When I got a job I began to spend more, but I worried about keeping track of my balance.
Although I knew how to access my funds through the computer, I never seemed to have one around when I needed it. This led me to use telephone banking, but I found it was confusing and time consuming.
Recently, I was asked to test out a new way to do basically everything through MemberDirect Mobile Banking. Mobile banking uses SMS or text messaging to acquire the same information you would using a computer or telephone. You can check your primary account balance – which is my favourite – as well as other account balances and account activity. You can change or disable this feature at any time in case you lose your phone or change your number. And, if you need help, you simply text ‘Help’. This service is a much faster way to get the information you need, it is much easier to remember and operate, and it’s free! Try it.
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