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CU System Briefs (05/21/2013)
  • WAUKEGAN, Ill. (5/21/13)--Consumers CU in Waukegan, Ill. is teaching students financial literacy by implementing a new reward programs. Its Student Choice Checking account has a $310 daily limit, mobile banking, online banking, free electronic statements and the option to open a Student Visa credit card. It is available to members, ages 13-21. Parents or legal guardians are required to be joint-owners, which will encourage them to work closely with their children, said the credit union.  Anyone opening a Student Choice Checking account before June 30 will be entered in a random drawing to win a $50 iTunes gift certificate. "Helping students understand the value of financial literacy by managing their own money and other resources is vitally important," said Sean M. Rathjen, CCU president. "Our iTunes promotion provides a way to encourage them to take an interest in securing their financial future. The program promotes sound decision making and responsible money management while encouraging the students to take charge of their lives as they budget their own finances, manage their own line of credit and learn other fundamentals that will better prepare them for the future." ...
  • WEST JORDAN, Utah (5/21/13)--The MyExpress Debit card is the newest addition to Mountain America CU's options for members to deposit and spend only what they need. The new type of debit card has the benefits of a prepaid card without paying monthly maintenance, deposit or other fees. "The MyExpress Debit card is a great low-cost way to pay children's allowance and teach them how to handle their money," said Dennis Bromley, senior vice president of member development and engagement for the West Jordan, Utah-based Mountain America. "Or members can use it as a travel card or for online purchases, minimizing risk if the card or number is lost or stolen. MyExpress was designed to be extremely versatile, giving our members another tool to help them and their families wisely and safely manage their money." MyExpress Debit has no activation, maintenance, deposit or overdraft fees and allows members to add funds at any time ...
  • CEDAR FALLS, Iowa (5/21/13)--Officers that have been elected to the Black Hawk Chapter of Credit Unions in Cedar Falls, Iowa, are: president, Helen Pearce, president/CEO of Cedar Falls (Iowa) Community CU; vice president, Nathan Tobey, business relationship officer with Veridian CU, Waterloo; treasurer, Gary Shontz, who has been Cedar Falls-based UNI CU board chairman since 1983; and secretary, Lindsey Smedley, business relationship officer with Veridian CU (Cedar Valley Business Monthly Online May 19)  ...


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