Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CU in school helps students avoid check cashers
TAMPA, Fla. (12/4/08)--Suncoast Schools FCU has opened a branch and installed an ATM at Bowers/Whitney Career Center in Tampa, Fla., to help students keep more of their paychecks by avoiding check cashers. The move was made to help working students, said school Principal Tony Colucci (Tampa Tribune Dec. 3). Because the school is a career center, many students have part-time jobs and have had to take their paychecks to check cashers, which charge fees that take sizeable portions out of checks, Colucci told the newspaper. Some students were paying up to 18% just to cash their check. For a $100 check, that amounts to almost $20 lost, he added. After Colucci approached the credit union about opening an in-school branch, the $6 billion asset Suncoast took action and set up a place where students can conduct transactions with a teller once a week. They also can use the credit union-installed free ATM on campus. Students can open an account with a minimum of $5 and can take out as little as $1. Students have told Colucci that being able to conduct financial transactions on campus has made them feel safer and allayed fears of being robbed after cashing their paychecks. The credit union branch also has helped students budget and save, he told the paper.
Other Resources

RSS





print
News Now LiveWire
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
26 minutes ago
#Consumersentiment highest in 11 years @Umich January survey http://t.co/64ORm6b0Fc
4 hours ago
#creditunions teach #college students how to handle the plastic http://t.co/SYy24PSQmn
5 hours ago
How you might change how you bank in 2015 @Bankrate http://t.co/wRhQsyTvul
5 hours ago
#NewsNow Ohio, Ga. video: Merchants not watching your wallet http://t.co/7jc7rECKSF
6 hours ago