Deferred Compensation Plan
EECU’s Deferred Compensation Plan (DCP) is a federally-insured, tax-deferred savings plan which enables you to set aside a portion of your paycheck each pay period for retirement. 

Who is Eligible?

Employees of participating school districts Employees of participating companies

What Separates EECU’s Plan from Annuity Options?

Safety and Convenience Your account is federally insured up to $100,000 The current rate is paid on all funds in the account, not just the amount deposited during that rate period Friendly, local EECU representatives are available to answer your questions (unlike annuities where you usually call an 800 number to get help from someone you don’t know) No Fees are Charged on Your Account No maintenance fees No administrative fees No front- or back-loading charges Flexible Withdrawal Schedules “Annuity factors” are not used to determine your withdrawal payments Account balance continues to earn interest throughout your withdrawal period Flexibility to change withdrawal options to meet your retirement needs Reduce Your Taxable Income Deposits are tax-deferred allowing you to reduce your taxable income while saving for retirement Deposit a portion of your paycheck pursuant to IRS Code Section 457 (e)(15) Special “catch up” provision allows additional deposits during each of your last three years before retirement

Get Started Today!
Check with your school district or employer to see if they offer EECU’s Deferred Compensation Plan as an employee benefit.  If so, call EECU today at (314) 298-0055 or (800) 522-6009 to receive more information about DCP investment options, current rates and account disclosures.

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