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California Credit Union Earns National Bank On Certification

California Credit Union has been awarded national Bank On certification by the Cities for Financial Empowerment Fund (CFE Fund) for its innovative Student Checking account. This recognition underscores the credit union's dedication to enhancing financial access among students, promoting lifelong financial wellness and responsible money management.

The Student Checking account caters specifically to those aged 13 to 25, marking a significant milestone in their journey towards financial independence. With vital features that are accessible and affordable, this account enables students to engage with banking in a meaningful way, preparing them for future financial responsibilities.

Account Features

This account is designed with students in mind, providing a user-friendly introduction to everyday banking. Here are some key highlights:

• - No Monthly Fees: Students can maintain their accounts without worrying about monthly maintenance fees, making it a budget-friendly option.
• - Minimal Opening Balance: Students can open an account with as little as one cent, eliminating barriers to entry.
• - Debit Card and Online Access: The account includes a debit card and access to cutting-edge online and mobile banking services, facilitating seamless money management.
• - Fee-Free ATM Access: Students can access over 85,000 ATMs globally through CO-OP and Allpoint networks without incurring fees, including no charges for out-of-network ATM withdrawals.
• - Financial Education Resources: Beyond just banking, California Credit Union provides financial literacy resources, empowering students with essential skills for future financial stability.

Commitment to Inclusion

Steve O'Connell, President/CEO of California Credit Union, emphasized, "Helping young people develop strong financial habits early in life is one of the most meaningful ways we can support their long-term financial well-being." This sentiment reflects a broader commitment to fostering a more financially inclusive society. Achievements like the Bank On certification highlight the credit union’s focus on removing barriers to banking, thus enabling the next generation to achieve financial independence.

In addition to the Student Checking account, California Credit Union's initiatives include the previously certified Bank On Checking account aimed at assisting unbanked and underbanked populations. Through active participation in regional Bank On coalitions and various community partnerships, the credit union strives to increase access to essential financial services for families in need.

The Bank On National Account Standards delineate features that signify safe and affordable banking, ensuring no hidden fees and high accessibility. Certification under these standards helps customers and community organizations identify credible banking solutions that promote financial inclusion.

Future Initiatives

As California Credit Union continues to expand its educational offerings, it also provides dedicated Student Savings accounts designed to instill saving habits and prepare younger members for critical financial milestones. These initiatives underscore the credit union’s mission to offer tailored products that cater to diverse community needs.

For anyone interested in California Credit Union's offerings, further information about Student accounts is available on their official website, www.ccu.com/student-accounts/.

About California Credit Union

Established in 1933, California Credit Union is now a federally chartered institution with assets nearing $5.4 billion and a member base exceeding 200,000. With locations in San Diego and Riverside counties, the credit union provides a comprehensive range of financial services, including checking and loan options, personalized financial planning, and online banking solutions. As part of its vision, California Credit Union actively engages in supporting communities with inclusive financial products designed for those most in need.

The national Bank On movement, driven by the CFE Fund, connects individuals to secure banking accounts, stressing the importance of safe financial options as foundations for stability. With over 500 certified accounts nationwide, the movement fosters improved financial health within underserved populations.

For a deeper understanding of the Bank On initiative and its impact, visit www.joinbankon.org.