East Coast Credit Union offers attractive alternative to traditional banking

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Since 1955, East Coast Credit Union has been providing its members with what they call “Personal Service beyond all expectations.” ECCU is following in the footsteps of a long line of credit unions that can trace their ancestry back to the 19th Century.

The first Credit Unions were organized in Germany at a time when interest rates were high and people were poor. The crop failure and famine of 1846 caused citizens to form a cooperative credit society, known as the “People’s Bank.” The primary goal was to help German farmers purchase livestock, equipment, seeds and other farming equipment.

The credit union concept caught on in America in 1909 during the industrial revolution. Factory workers pooled their monies to lend to one another at lower rates. The first credit union and the credit unions of today still have the same underlying principle: pooling members’ money together to provide a safe place to save and borrow at reasonable rates.

Keeping with the same pooling philosophy, credit unions today have been able to remain successful by uniting to share the costs of data processing, employee education and regulatory expenses. This unity has allowed individual credit unions to increase their product lines and remain a competitive, less expensive alternative to traditional banking.

East Coast Credit Union is well aware that efficiency and tight financial controls are needed to provide these services to members while still paying a dividend. To control their IT expenses while still meeting the technology & security demands of our modern banking system, ECCU looked to Hooks Systems to upgrade their computer network and provide their IT RemoteCare suite of computer services including instant remote helpdesk support for their tellers and loan officers.

The entire network including firewall perimeter security, power, internet, teller terminals, servers and system backups is remotely monitored by Hooks Systems 24/7.  These IT RemoteCare services are available to all of the Hooks System’s clients as a Small Business Bundle at very affordable rates. Hooks systems specializes in providing turn-key IT solutions for small business, non-profits and not-for-profit organizations.

Hooks Systems has proven over the years that their clients can enjoy all of the benefits of a powerful, robust business network and top-tier computer support while operating on a limited budget.

 

 

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