Community News

Access eCO's 2013 Annual Report






 Spring Mortgage Promotion

Congratulations to Jeffrey Vick. Jeffrey was the winner of eCO's Spring Mortgage Promotion. He refinanced his mortgage to a low-rate eCO Mortgage and was randomly selected to receive a $250 gift card.

eCO Savings Race, Second Edition

The Dodds display their $10,000 grand prize alongside their eCO Savings Race coaches.

eCO Credit Union partners with CBS 42 to help three families find a place of financial peace.
Through the Second Edition of the eCO Savings Race, participants improved their financial pictures by more than $75,000.

Since September, eCO has worked with three families—the Dodds, the Morgans, and the Voudries—to improve their financial pictures through the eCO Savings Race. During the eCO Savings Race, participants met with eCO Coaches, completed Dave Ramsey’s Financial Peace University, attended eCO Savings Race University courses, and documented their progress with blog posts. CBS 42 also followed the progress of the teams, allowing the community to participate and learn practical ways to improve their finances too.

The participants worked very hard to set and meet goals throughout the Race. From packing lunches to working side jobs, participants learned small changes can lead to big gains. On May 1, the Second Edition of the eCO Savings Race came to a close when the winner was announced live on CBS 42. After a close race, the Dodds were selected as the winners of the eCO Savings Race and recipient of $10,000! The other participants didn’t walk away empty handed. Along with an improved financial picture, each participant also received $2,000 to honor their efforts throughout the eCO Savings Race. In total, Savings Race participants improved their financial pictures by more than $75,000—bringing the financial picture improvement from the past two Savings Races to almost $120,000!

“The Race has been our miracle,” said the Dodds. “It has blessed our family tremendously. The Race has changed our outlook on our future and changed our family tree. We are now able to dream things we never thought possible before the eCO Savings Race.”

“As an educator’s credit union, the eCO Savings Race clearly displays our mission,” said eCO CEO, Joey Hand. “We even go a step farther than providing financial education; we also walk alongside members as they work to improve their financial situations.

Starting May 5, eCO Credit Union will be accepting applications for families or individuals interested in participating in the Third Edition of the eCO Savings Race. Applications for the Third Edition of the eCO Savings Race are available in all eCO branches and at

2014-2015 A.L. Bratcher Scholarship

eCO Credit Union awards two local students with the 4th Annual eCO A.L. Bratcher Scholarship.
Lita Waggoner of the Alabama School of Fine Arts and Eric Kim of Hoover High School each received $1,000 scholarships.

Each year, eCO Credit Union offers the A.L. Bratcher Scholarship in honor of the late Reverend A.L. Bratcher. Reverend A.L. Bratcher played an instrumental role in the credit union movement, founding Canaan Baptist Church Federal Credit Union. To continue recognizing the work and dedication of safe, sound, member-first financial institutions by Reverend Bratcher, eCO awards two $1,000 scholarships.
The scholarship is open to local seniors who plan on enrolling in 2 or 4-year schools for the upcoming academic school year. After receiving a large number of scholarship applications during the 2014 application period, eCO Credit Union’s A.L. Bratcher Scholarship Committee selected Lita Waggoner and Eric Kim as the 2014-2015 A.L. Bratcher Scholarship recipients. 
Lita Waggoner is a senior at the Alabama School of Fine Arts. From serving as the Senior Class president to actively participating in Girl Scouts of North-Central Alabama, Lita excels in extracurricular activities. While balancing extracurricular activities and community involvement, Lita also maintains an excellent 4.35 GPA. Lita plans to attend the University of Alabama in the fall. Eric Kim will be graduating from Hoover High School in May. Currently, he has an impressive 4.6 GPA. Eric also has a very well-rounded Resume filled with extracurricular activities. Some of the activities include: President of the Spanish Club, Captain of the Lincoln Douglas Debate Team, and a Member of the Hoover High Math Team. Eric plans to attend the University of Alabama at Birmingham. Both recipients were honored at a luncheon at The Club on April 16th.

Shamrocks Against Dystrophy

eCO Credit Union hosts a successful Shamrocks against Dystrophy Campaign.
With the help of members, vendors, and sponsors, eCO Credit Union raised $8,800 for the Muscular Dystrophy Association.

The Muscular Dystrophy Association is the largest nonprofit health organization sponsoring research seeking the causes and effective treatment for neuromuscular diseases. eCO Credit Union is proud to support this outstanding organization for the eighth year in a row. Through shamrock sales, branch contests, and employee contributions, eCO Credit Union raised $8,882.43 for the Muscular Dystrophy Association.

 Funds raised through the Shamrocks against Dystrophy campaign directly benefit children living with muscular diseases. Each eCO branch sponsors local children to send to camp, providing a true motivation to work hard throughout the fundraiser.

 “eCO Credit Union members and employees went above and beyond in fundraising for the Muscular Dystrophy Association,” said Melissa Reeves, eCO Marketing Manager. “Through their efforts, we were able to join together to send eleven local kids to MDA Summer Camp.”

 Pencils for Jefferson County


 eCO Credit Union delivers almost 60,000 pencils to local schools
To aide in testing, eCO delivered 1,000 #2 pencils to each Jefferson County School.

Founded as a teacher’s credit union, eCO Credit Union still places a major emphasis on giving back to schools and teachers. One way eCO serves schools each year is through delivering #2 pencils for testing. During the month of February, a box of 1,000 pencils was delivered to each Jefferson County School.

Katie Coleman, third grade teacher at Adamsville Elementary School said, “Teachers at Adamsville greatly appreciate pencils donated by eCO Credit Union. With so much on our mind during testing, it is great to know we don’t have to scramble to find good pencils for our students to use. My kids love using the fun colored pencils.”
eCO Credit Union also provides report card covers, academic calendars, and financial education materials to local schools.

$75 Celebration

eCO Credit Union celebrates its 75th Anniversary
eCO Credit Union is proud to have served educators and the community for 75 Years. To celebrate, eCO rewarded eCO members in a unique way.

BIRMINGHAM, Ala. — In 1939, eCO Credit Union was founded as Jefferson County Teachers Credit Union. At the time, the credit union only served Jefferson County teachers. Fast forward seventy-five years, and eCO still actively serves Jefferson County teachers, but the credit union has gone through a name change and now serves anyone who lives, work, worships or attends school in Jefferson, Shelby, Walker, Blount, or Cullman counties.

To celebrate the milestone year, eCO hosted a $75 Celebration. All eCO Credit Union members were invited to submit reasons they like eCO Credit Union. Almost 400 members took the time to express in writing why they like eCO and the difference the credit union has made in their life throughout the years. After submitting, members were entered into a daily drawing for $75. Members were selected at random from January 1 through eCO’s Annual Meeting on February 20—for a total cash giveaway of $3,825!

“It was incredible to read the impact eCO Credit Union has made in the lives of members throughout the years,” said eCO Marketing Manager, Melissa Reeves. “From members who joined more than 40 years ago to members who joined a few weeks ago, eCO employees have helped provide financial solutions for members for many years—while also taking the time to get to know members and invest in them personally.”

“Celebrating 75 years is a huge milestone,” said Joey Hand, eCO CEO. “eCO Credit Union’s longevity shows not only our financial soundness, but also our commitment to meeting the needs of our members.”