Thursday, February 23, 2012

Children Away at College?

Parents with children attending college away from home know the difficulties of transferring money to their child for unknown expenses. College students also receive checks for a variety of reasons while at school. How can the parent and college student stay connected financially when they live far apart from one another?

North Alabama Educators Credit Union has a solution to meet a variety of financial needs for students attending college away from home. The Credit Union Service Center (CUSC) network provides over 4,400 branches nationwide where a member can transact basic transactions like deposits, withdrawals, loan payments, and check cashing services. For example, college students attending the University of Alabama and Auburn University have a branch nearby that is available for these type of transactions. Best of all, the branch access is free of charge.

A parent or guardian could deposit money into the student's account here in Huntsville and the student could withdraw the money from the CUSC location close to the school. If a student received a check for some reason at school they could deposit that check at the CUSC location as well. Again, these transactions do not have a charge which is better than withdrawing money at another financial institution's ATM that might have a hefty surcharge fee for a withdrawal. North Alabama Educators Credit Union is a member of the CO-OP ATM network which provides over 28,000 ATM's nationwide for free cash withdrawals.

Most college towns have a CUSC location nearby since most colleges and universities have a credit union nearby. To search for available CUSC locations, visit the online site at The cooperative nature of credit unions working together to provide this expanded branch access is a valuable benefit for credit union members.

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