WASHINGTON – College campus credit unions are getting the recognition they deserve. Kiplinger’s August issue shines a spotlight on college credit unions and finds more students are choosing them as a way to beat bank fees. According to one student Jeremy Garver-Hughes, a senior at Kent State University he became a big fan of his school’s student-run credit union because “the culture is so anti-relationship at commercial banks.” Campus Credit Union Council Executive Director Bradford Caldwell explained while there are more than 60 credit unions on college campuses nationwide, “We’ve gone after college students because banks are only interested in selling them high-interest-rate credit cards”. A financial analyst for Bankrate.com, a consumer financing research firm, found the credit unions typically have better deals by offering lower rates on loans and paying higher rates on deposits. In addition, the article found that credit union credit cards average three percentage points lower than banks and that students are more likely to get a break on auto loan rates too. [email protected]

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