USC Credit Union Blog

USC Credit Union Blog

A Guide To Breaking Up With Your Bank

Posted by Cal on Feb 13, 2015 11:50:26 AM

You’ve decided: It’s time to ditch your bank. But are you ready to make the switch?

There are plenty of reasons for wanting to change banks. Maybe you’re fed up with paying ATM fees, so you want a bank with branches closer to home or work. Or you found an account with a credit union or a smaller bank that promises better customer service or charges fewer fees.

Whatever the deciding factor, many people who think about changing banks end up staying put — often because of worries about the work involved. “It takes a little bit of time and effort,” says Greg McBride, chief financial analyst for Bankrate.com. “There’s a natural tendency to cringe at the thought of it.”

Indeed, people who aren’t careful when they make the change can face steep fees for missed payments, unnecessary money transfers and overdrafts. Here are some tips for breaking up with your bank.

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Writing a Good Offer

Posted by Cal on Dec 18, 2014 12:00:00 PM

I like to have the best shot possible of getting my offers accepted when I am presenting them and in most cases it is a multiple offer situation so there is no room for mistakes. I always think of the presentation as a job interview and so other than possibly the price I can always be best. Here are some simple things I like to do to increase my odds.

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Beyond the Basics

Posted by Cal on Oct 27, 2014 5:11:00 PM

As you know, managing your money is more than just opening an account. Keeping accurate track of deposits and withdrawals is essential, and perhaps you’d like to set up some recurring payments so you have a few less things to remember each month. That’s where our online banking services come in. We’ve got you covered at home and on the go! With USCCU’s Online Banking services, your accounts are always accessible. You can get cash, pay bills, and manage your money at your convenience using our 24-hour electronic services, such as:

Home Banking

Skip the branch visit and take care of your banking from the comfort of home! Right from your desktop, you can securely transfer funds between your USC Credit Union accounts and other financial institutions, as well as pay bills, access your accounts, and more.

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Financial Capability and the Young: We Are Not Doing Enough

Posted by Cal on Oct 13, 2014 3:58:00 PM

1 in 5 American students do not exceed a baseline of proficiency in applying their financial knowledge to everyday situations. In other words, young Americans struggle to understand the most basic of financial concepts, documents, and transactions that are central to personal financial management. 

The Organization for Economic Co-operation and Development’s (OECD’s) Programme for International Student Assessment (PISA) recently revealed findings from a financial literacy assessment of 15 year olds from around the world; 18 countries and economies participated in the assessment, which sought to establish a global baseline for financial literacy amongst the young.

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What About Financial Education in College?

Posted by Cal on Oct 1, 2014 10:12:00 AM

More good news on the financial education front! The Council of Graduate Schools is pushing for universities nationwide to step up when it comes to financial education for students. Fifteen institutions are taking part in a 3-year project to “enhance the financial literacy of graduate and undergraduate students.”

This project is coming just in time. Student loan debt is surpassing $1 trillion, and many students have no idea what they’re getting themselves into.

Sonya Britt, an associate professor of family studies and human services at Kansas State College of Human Ecology, says,

“Most of the students who enter college don’t get financial literacy courses when they’re in high school, so many students aren’t familiar with basic money management skills such as making payments and the awareness of how fast credit card debt accumulates. There’s a lot of need but not a lot of resources for college students.”

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