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IUSA TodayI reports on CUs save-for-college efforts
WASHINGTON (10/28/09)--A USA Today article published Tuesday noted credit unions’ efforts to help parents and youth save for college in a turbulent economy. The article, “Banks, credit unions offer help saving for college,” mentioned Justice FCU, Chantilly, Va., and Grow Financial FCU in Tampa for their college savings efforts. Justice offers a discount on loans to pay for college. Grow is donating money to student scholarships based on a local college football team’s “return yards”--which is how far a football player runs after receiving a punt or kick (USA Today Oct. 26). Peter Sainato, CEO of Justice FCU, also told the newspaper that “everyone is feeling the stress of the economic downturn” and that many college savings account values have decreased. “We are trying to help people through this difficult time,” he added. Justice FCU has $477 million in assets. Grow Financial FCU has $1.7 billion in assets.
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