Planning For College

Will your child be a doctor, a lawyer, a rocket scientist? As parents you know they can accomplish anything with the right education, but how to pay for it can cause many sleepless nights. Fortunately, MidUSA Credit Union has several options available to help you figure out the best way to manage college expenses.

Facebook-Images4Private Student Loans

The cost of college continues to rise, forcing many students and families to resort to higher-cost private student loans to fill funding gaps. As a not-for-profit lender, MidUSA Credit Union has a unique ability to help members and families by offering our Student Choice private lending solution that features:

  • Zero origination or prepayment fees
  • Lower interest rate
  • Simple one-time online application
  • Deferment of principal and interest while in school
  • Flexible repayment terms including graduated repayment for two years
  • Convenient line of credit structure that lets you apply once and secure financing for your entire college career*

              *Subject to qualification and annual credit review.

For more information and to apply online visit our Student Choice website at https://midusacu.studentchoice.org/

Starting Early

The sooner you can prepare for college expenses, the more options you have. MidUSA CU offers various Savings Accounts, Certificates of Deposit, and Prime Share Accounts. Additionally, the MidUSA Credit Union Investment Center* can help with specialized savings strategies based on how old your child is and how long it will be before he or she starts college.

Making Sure The New College Student Is Prepared

When it’s time for your young scholar to head off to college, it’s time for a MidUSA Credit Union Checking Account. MidUSA CU Checking Accounts have everything that students need to stay connected to their funds, including fee-free Savings and Checking Accounts, an ATM/debit card, and 24-hour-a-day access to accounts by phone or the Internet. You may also want to consider a low-limit MasterCard Credit Card to teach them the responsibilities associated with credit without breaking the bank!

Adults Going Back to School

It’s never too late to go back to school. Whether you want to enroll full time, finish a degree, or just explore a new subject.  The partnership you have with MidUSA Credit Union extends to MidUSA Credit Union Investment and Insurance Service Center, through our broker dealer CUSO Financial Services, LP. (CFS).

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA, SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.

*Subject to approval based on valid property appraisal, your income, and your credit standing. MidUSA Credit Union lien position cannot be less than second. Contact a MidUSA CU Associate for details.