The Education Credit Union has a variety of services designed specifically for members who are starting out in life. We offer a low-cost chequing account with unlimited electronic transactions, MasterCard credit cards, lines of credit, personal loans and mortgages.
Xtreme $ense Account - For members 25 and under
The ECU recognizes that the late teens and early twenties can be a very challenging time, financially speaking. That's why we offer the Xtreme $ense Account for younger adults. ECU members aged 25 and younger can receive all the benefits of our regular multi-purpose accounts at a reduced charge of only $2.50 per month because we recognize that when you're just starting out, every little bit helps.
If you need extra cash for holidays, repairs to your car, or to meet other obligations during times when your income flow fluctuates - you can apply for a line of credit of up to $10,000. The line of credit is attached to your account and is only used if your withdrawals and purchases exceed the amount you have on deposit.
Xtreme $ense Account Details:
Xtreme $ense Account Details:
The Xtreme $ense Account offers all the following benefits for only $2.50 per month.
Services Include:
- INTERAC® Direct Payment transactions
- ATM Withdrawals (In Canada)*
- ATM Deposits (In Canada))
- Electronic Payments
- Chequing
- Certified Cheques
- Line of Credit Available
- Direct Deposits
- Payroll Deduction where offered
- Statements issued monthly
- MemberDirect Internet /Telephone Banking (including FREE bill payment)
*Surcharge may apply at some locations
Xtreme $ense members can also take advantage of these features on a user-pay basis:
- Travellers Cheques
- Money Orders
- ATM Withdrawals (outside Canada)
- Manual Transfers under the Same Member Number
- Stop Payments
- Credit Union Cheque
- Bank Drafts
- Wired Funds
- See our Service Fees under Quick Links for details
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.
MasterCard Credit Card
As an Xtreme $ense member you can also apply for a MasterCard® credit card. There are a number of options available to you, including:
| Contact Us |
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| Member Services |
Education Centre
519-742-3500 |
Cambridge Place
519-623-2211 |
TechTown
519-772-3050 |
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Related Links:
- Receive your account statement online with our E-Statement option.
Sign up today.
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