Harvard University Employee Credit Union: A Comprehensive Guide

Introduction

Harvard University Employee Credit Union (HUECU) is a non-profit financial cooperative that serves the employees, students, and alumni of Harvard University. Founded in 1938, HUECU has grown to become one of the largest university-based credit unions in the United States, with over $3.5 billion in assets and over 140,000 members.

HUECU offers a wide range of financial products and services, including checking and savings accounts, loans, mortgages, and investment services. The credit union is also committed to providing financial education and counseling to its members.

Benefits of Membership

There are many benefits to becoming a member of HUECU, including:

• Competitive rates on loans and deposits: HUECU offers some of the best rates on loans and deposits in the Boston area.
• No-fee checking and savings accounts: HUECU offers no-fee checking and savings accounts with no minimum balance requirements.
• Free online and mobile banking: HUECU offers free online and mobile banking services that allow members to manage their accounts from anywhere.
• Financial education and counseling: HUECU provides free financial education and counseling services to its members.
• Membership in a cooperative: HUECU is a cooperative, which means that it is owned by its members. This means that members have a say in how the credit union is run.

How to Join

Joining HUECU is easy. Simply visit the credit union's website or call the membership department at 617-495-8100. You will need to provide your Harvard University ID number and proof of employment or enrollment.

Products and Services

HUECU offers a wide range of financial products and services, including:

• Checking and savings accounts: HUECU offers a variety of checking and savings accounts, including no-fee checking and savings accounts, interest-bearing checking accounts, and high-yield savings accounts.
• Loans: HUECU offers a variety of loans, including personal loans, auto loans, mortgages, and student loans.
• Mortgages: HUECU offers a variety of mortgage products, including fixed-rate mortgages, adjustable-rate mortgages, and jumbo mortgages.
• Investment services: HUECU offers a variety of investment services, including brokerage services, mutual funds, and retirement planning.
• Financial education and counseling: HUECU provides free financial education and counseling services to its members.

Financial Education and Counseling

HUECU is committed to providing financial education and counseling to its members. The credit union offers a variety of financial education programs, including:

• Financial literacy workshops: HUECU offers free financial literacy workshops that cover topics such as budgeting, saving, and investing.
• One-on-one financial counseling: HUECU offers free one-on-one financial counseling to its members. Members can meet with a financial counselor to discuss their financial goals and develop a plan to achieve them.

Fees

HUECU does not charge any monthly maintenance fees on its checking or savings accounts. However, the credit union does charge some fees for other services, such as:

• ATM fees: HUECU charges a $2.50 fee for each ATM withdrawal made at a non-HUECU ATM.
• Overdraft fees: HUECU charges a $25 fee for each overdraft.
• Loan origination fees: HUECU charges a loan origination fee on all loans. The fee varies depending on the type of loan.

Contact Information

Harvard University Employee Credit Union
655 Huntington Avenue
Boston, MA 02115
Phone: 617-495-8100
Website: https://www.huecu.org/

Additional Resources

• HUECU website
• HUECU membership brochure
• HUECU financial education programs
• HUECU fees

FAQs

Q: What are the benefits of becoming a member of HUECU?

A: There are many benefits to becoming a member of HUECU, including competitive rates on loans and deposits, no-fee checking and savings accounts, free online and mobile banking, financial education and counseling, and membership in a cooperative.

Q: How do I join HUECU?

A: Joining HUECU is easy. Simply visit the credit union's website or call the membership department at 617-495-8100. You will need to provide your Harvard University ID number and proof of employment or enrollment.

Q: What products and services does HUECU offer?

A: HUECU offers a wide range of financial products and services, including checking and savings accounts, loans, mortgages, investment services, and financial education and counseling.

Q: What are the fees for HUECU accounts and services?

A: HUECU does not charge any monthly maintenance fees on its checking or savings accounts. However, the credit union does charge some fees for other services, such as ATM fees, overdraft fees, and loan origination fees.

Q: How do I contact HUECU?

A: You can contact HUECU by phone at 617-495-8100, by email at [email protected], or by visiting the credit union's website at https://www.huecu.org/.