Schools Plus Community Credit Union -

by Schools Plus

How to graduate from college debt free?

Some parents plan for their kids a college fund that will help them avoid having a huge debt after they graduate from college. For some kids, things are not that easy because they do not have their parent’s support or they just cannot afford it. Many college students get into a big debt because they ask for a loan to be able to study. After college, they find themselves without a job and owning a lot of money. How can someone graduate debt free?

Ways to avoid getting into debt

Extra money is always good. When kids do not have their parents’ support they can find ways to get extra money to save for college. One way is to find a summer job. A summer job will help them to get some money before starting college. Of course, that money would not be enough if they plan to study in a private university. Those with a tight budget should consider the idea of going to a public university. Another way of not spending too much money in college is by getting a scholarship. That can be a great help for those who wish to go to the university and do not have the money to do so. There is no doubt that it takes much effort to obtain a scholarship. Some students have even considered the idea of joining the military program. One scholarship of their program consist in receiving 4 years of college in exchange of 4 years of military obligation. This may sound a bit extreme for some students, but those who have experienced debt after college will for sure recommend to consider this option. Click here to see  more options regarding military programs.

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How to make or save money while in college?

For some students it is not possible to avoid getting into some sort of debt. That is why it is necessary for them to find ways to make some money or to save the money they have. One helpful recommendation is to get a job on campus. This is a part-time job that will give the student something extra to cover for his expenses. Also, if the student is attending a local college, he could save a lot of money by living at home. He would not save money just on a room, but also he would have free meals at home. A D&D (Student Loan) can result in a great help for those students who carefully plan a way to pay it back. If a student tries to save some money while in college and more importantly to make extra cash, then he would be able to pay the loan on time. It takes a lot more effort to live on a tight budget, but the result at the end will be worth it.

Graduating from college debt free is not a mere dream. Do not feel overwhelmed because you have a student loan. Try your best to make some money while you are studying and save as much as you can. If possible, find more affordable options to make your way out of college by following the above recommendations.

Learn more ideas how to find way to settle college debts by clicking the link below:


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by Schools Plus

What is a Community Credit Union and How Can I find One?

A Community Credit Union is a credit union that serves a specific area. The community credit union is a federal credit union and operates like all other credit unions in that the members actually own the credit union.

The membership in a community credit union is essentially limited to a particular region and can be a city, county or even a state. The benefit of a community credit union is that it focuses on a geographic area as opposed to a profession, union or business enterprise.

What it a Community Credit Union

In that it focuses on a geographic area, it is able to see the needs of the communities it serves a little better and thus be able to make changes in it’s policies as member offerings making it a much more focused in terms of community needs.

Many community credit unions also offer excellent rates on car loans as they have an extra level of security knowing that the members of the community credit union will not normally move out of the area and thus if there was an issue with having to repossess the car, that would be an easier thing to accomplish.

Also, housing loans with a community credit union will also be better as the credit union has a much better idea as to what will be happening with the community as a whole when it comes to the housing market. A federal credit union that served the entire country would not be able to access the housing market as well and would have to rely on out of area appraisers to understand the real estate market.

Community Credit Unions are not all about loans of course, they are very concerned with giving the local members a good rate of interest on their savings accounts and keeping fees and costs down for their checking accounts. In that a credit union is actually an instrument that is primarily concerned with serving it’s members and one of the ways to do that is to keep expenses to the members to a minimum and give as high an interest rate available as well.

Many community credit unions offer an excellent plan to save for retirement in addition to having Christmas Clubs to save for the holiday season. The thought process is to do everything possible to ensure that the members are not stretched financially when it comes to their retirement days and of course everyone can use a little extra cash during the holiday season.

In short, a community credit union, which is as stated above, a specific type of federal credit union is one that will always be looking out for it’s membership in any way that a credit union possibly can.

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by Schools Plus

Philosophy Of Schools Credit Union

Schools Credit Union presently has over 115,000 members with over $1.2 billion in assets, currently ranking as one of the largest in the nation. Membership privileges are retained for life, regardless of members changing jobs or moving as long as they maintain their savings account with a minimum balance of $1.

Chartered in 1933 by seven teachers pooling their personal funds to create savings cooperative where low-cost loans was made available to members. Those depositing funds, in turn earned dividends from the interest which was generated from the loans. Schools Credit Union philosophy, “for service and not profit” as well as “people helping people” was established in the early years and is still maintained.

Philosophy Of Schools Credit Union

People opening a savings account at Schools Credit Union automatically become a member-owner, who owns one share of the Schools Credit Union. The board of directors are volunteers elected by members and policies gets established and upheld by the board. There are no outside investors or stockholders, thus they concentrate to serve and look out for the best interests of the member-owners.

Striving to provide an economic advantage while offering great services and products which meet members needs as quality member service continuous to be the number one priority. Schools credit union offers direct financial support and contributions to charities and worthwhile organizations, always active in the community. Strengthening community ties enables them reach a broad spectrum of people and providing a service to individuals in need of financial services that are truly affordable.

Schools Credit Union have implemented special disaster relief loans to members that became victims of disasters at extraordinary low rates. With the Government not paying normal pay to employees, they have implemented loans for government employees which are members in the form of no-interest loans in order to bridge the government impasse. Scholarships are provided by the Schools credit union to deserving college students to various colleges and universities.

Among other great services within the community and to their members, Schools Credit Union also allows members with infants to return to the workplace with the children until they are six months old. They strive to spread the word of their affordable services contributing and participating in various community events. They walk and raise money for the American Cancer Society with their volunteers, further promoting themselves and the financial services they provide.

Individuals in Sacramento as well as the nine surrounding counties are allowed to become members of Schools Credit Union as well as people related to existing members and Educational groups in those counties.

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An Overview Of The California Credit Union

The California Credit Union was established solely to serve the educational community in order to provide members with a unique and specialized service containing financial resources combined with personalized services. The great idea for educators to pool money for the mutual benefit of union members started in the early 1930′s and in the same year it grew to nearly a hundred members, with $800 in deposits.

California Credit Union

Since those years, the California Credit Union grew into a huge and very successful credit union, with over 70,000 members with over $1.3 billion in assets. Los Angeles County serves its members with 14 branch locations, call centers, website and online banking system, truly ensuring convenience as well as personalization to its members.

The success of the union is attributed to a simple and effective philosophy, namely that unlike banks, which benefit only selective stockholders a union benefits all its members. The reduced loan rates, reduced fees and higher savings rates are all to benefit its members and not anyone in particular or selective people only.

It is distinctly a member-owned financial institution, which deals with secure and stable services and products. Any funds deposited are federally insured up to $250,000 by the NCUA. Financial reviews are done on a regular basis by independent auditors and reports are available to all members of California Credit Union as well as the general public.

The California Credit Union supports and endorses several programs as well as scholarships. This year, deserving students will be receiving 10 scholarships in the Los Angeles County to the amount of $1,000 each. Applicants include community college students, returning adult students in the pursuit of a higher education as well as high school seniors.

Members enjoy many great benefits, including cash rewards, insurance, discounted gift cards, companion airfare and many more. Security is taken very seriously, thus they offer Fraud Protection Plus, which provides enhanced services and protection benefits for members and their families. Travel savings programs are also offered to members and their families with their CuonVacation program.

Membership at the California Credit Union is open to any private or public school employee, senior year teaching students, members of the California retired teachers association, as well as employees of the Los Angeles County Office. Individuals also qualify for membership when an immediate relative of one of the existing members. Public television contributor, America scouting member, Alumni association member, and California school student body members can also apply for membership to the union.

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by Schools Plus

Credit Union Loans – Some things you should know as well as realize

Among the list of opportunities that many American people fail to notice when searching for a mortgage is that of his or her community credit union. You will discover around 3 hundred credit unions within the United States contrary to bankers or various other loan product providers, each one is certainly actually owned as well as run by the individuals that register to be members, generally by setting up a savings account with it and usually having to pay a small one-off joining charge.

However, in order to be qualified to apply for membership, your position ought to match up that of the particular ‘common bond’ that all credit union has. This may necessitate that every one its members reside and/or are employed in the regional area, are working for a selected company (such as, law enforcement or a school system) or are part of the exact same organization, such as a trade union or place of worship.

Credit Union Loans

This kind of relationship can vary amongst credit unions however, so it will be well worth understanding which ones are close to you and after that finding out about what their bonds are really and whether or not you will be eligible to join you could start your search through the National Credit Union Association Credit Unions internet site.

Even though the majority of just offer their loans services to the people who currently save using them, circumstances have adjusted it’s true many credit unions also make it easy for new members to take advantage of their particular financial loans. The advantage of a credit union cash loan is they concentrate on a small amount something between five hundred dollars and fifty thousand dollars that happens to be ordinarily primarily matched by little consumer finance financial institutions.

Although mortgage rates could possibly be higher than a few high street financial loans or a charge card, the absolute most chargeable (and that is 26.8% APR, although virtually all are positioned close to 12.7% APR) continues to be tremendously lower than pay day loans, which commonly range up to a massive 2,000%! Additionally , they have virtually no concealed costs or even penalty charges, and come with built-in insurance coverage meaning that in the event you pass away before you off the full loan product, the credit union will be covered for the leftover sum of money without having your family members becoming accountable for it.

The length of the borrowed funds may differ dependent upon which credit union that you’re eligible to join, however generally you have access to an unguaranteed financial loan for up to five-years (ranging as much as 10 occasionally) and a guaranteed loan up to 10 (increasing to twenty five with some credit unions). You’ll have to join the credit union first of all though and then follow what ever guidelines they have got in places for example undergoing checks to be sure you can pay for to repay the loan or maybe saving repeatedly using them for a established period of time before you’ll be able to consider applying for financing using them.

Credit Union Loans…

Are generally an often-overlooked source of credit if you are in need of financial help

  • Will only be given to those people who are at present members of the actual credit union
  • Quite often also will need be saving using the credit union
  • Is usually just the thing for consumers seeking to access smaller amounts of cash
  • Are generally less costly compared to short-term payday advances!
  • Are only able to use a highest possible rate of interest of 26.8% APR
  • Possess payment condition svarying between five and 25 years dependant upon the credit union
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