Credit Unions and College Students

Last week we talked about ways that all of you parents with school aged children can save money this time of year.  This week, we’re talking about ways college students getting ready to get back into focus for the fall semester can save a few bucks.  Even as a college student, it’s never too early to start looking at your financial future and Honor is here to help!  Here are three ways that credit unions can help college kids save money:

1)      Techy Resources – The old myth that credit unions don’t have all the cool and convenient technology resources that the big banks have is just that…a myth!  We know that as a college student, you are BUSY!  You need tools like online banking, an easy to use mobile app, mobile deposit capture that lets you deposit checks with your smart phone, HonorPay that lets you pay back virtually anyone anywhere all from your phone, and automatic bill pay so that you never have to remember to pay for your cell phone bill so that you can use all these fancy tech tools on the go!  You want to access your account in a way that’s easy for your on-the-go lifestyle from wherever in the country that your education is taking you, and credit unions tech tools make that possible!

2)      Easy Access - Moving away for school, but need to have access to your account from your hometown? No problem! When you’re a member at a credit union like Honor, you have access to 30,000 surcharge-free ATM’s and 5,000 shared credit union branches! This means you can take care of your financial needs through your honor account at any of our shared branches! To find a list in your area, visit honorcu.com.  Between shared branching and accounts like Honor’s Benefits Checking that reimburses up to $20 in ATM fees every month if you meet a few simple requirements and the techy resources we already talked about you can access your account from virtually anywhere you are. 

3)      Student Loans. Did your federal loans, scholarships, and grants not quite cover tuition this semester? Many credit unions like Honor offer private student loans with competitive rates. Through our partnership with SallieMae, Honor Credit Union now features the Smart Option Student Loan.  This is an ideal solution to help cover the extra costs that always seem to pop up when it comes to higher education.

Don’t forget to follow Honor on Twitter @honorcu!  Tweet us and let us know what you want to hear us talk about on Mason Jar Monday next week using #askhonorcu!