What does CCU mean in CREDIT UNIONS

College Credit Unions typically offer basic banking services such as savings accounts, checking accounts, and certificates of deposit, as well as loan products including student loans, car loans, and home equity lines of credit. They may also offer additional benefits such as free online banking and cash back rewards programs.

Most college credit unions are restricted to current students, faculty members, alumni or employees of the school or university they represent. Membership is often based on affiliation with the institution rather than residence.

Yes! Many college credit unions offer unique benefits such as free bank transfers between different student clubs and organizations, discounted tickets to campus events, and access to job resources exclusive only to members. Additionally, many colleges in some states allow their students to join their local community's credit union instead of having a physical on-campus location.

Opening an account at most college credit unions is easy and quick — usually taking 10 minutes or less. However first time customers must bring proof of identification (such as their driver's license) along with documents showing their eligibility (such as enrollment documents). Each college's requirements vary so it is important to check before applying.

Unlike for-profit banks or other financial institutions who seek profit through fees charged for services or investments in risky assets, a college credit union operates solely for the benefit of its members by offering low cost financial products and services tailored specifically for students.