FAQs
Frequently Asked Questions
Howard University
Howard University Employees Federal Credit Union is merging with Educational Systems Federal Credit Union to expand the range of services and benefits available to members. This new partnership will offer Howard University Employees FCU members more products, services and financial wellness opportunities.
The legal merger will take effect on November 30, 2024 and accounts will transition on January 1, 2025 at noon.
Yes, you will continue to access your Howard University Employees FCU account until December 31, 2024 at 11:00 pm (EST). Starting January 1, 2025 at noon, you’ll use your new Educational Systems FCU account information.
A welcome packet with your new Educational Systems FCU account number and instructions for accessing your account will be sent to your mailing address.
To honor the history of Howard University and Howard University Hospital, the name Howard University FCU, a division of Educational Systems FCU, will be used in communications within the Howard University community.
Yes, the current Howard University Employees FCU location will remain open to serve members as part of Educational Systems FCU’s branch network. It will operate under the name Howard University FCU, a division of Educational Systems FCU.
Founded in 1955 by educators, Educational Systems FCU has since grown to $1.3 billion in assets, with 13 branches (expanding to 14 with this merger). The Credit Union is dedicated to promoting financial wellness and stability across the communities we serve.
As a member of Educational Systems FCU, you’ll gain access to an expanded portfolio of financial products and services designed to support your financial journey.
Yes, your account number and Digital Banking login credentials will change. You will receive a new account number and instructions for online account access in your welcome packet. Changes will take effect on January 1, 2025 at noon.
Details about any updates to fees or account terms will be included in the welcome packet. Educational Systems FCU is committed to providing excellent value to members.
Yes, your deposits will continue to be insured by the National Credit Union Administration (NCUA) up to the maximum allowed by law.
Visit esfcu.org/HowardUniversity for the latest updates about the merger.
If you have any questions, please email us at [email protected] and our team will be happy to assist you.