Calcasieu Teachers & Employees Credit Union

Credit Union servicing the teacher's, employee's, and their families of Calcasieu Parish school system.  Services provided for our members are loans, checking accounts, savings accounts, online bill pay, and more

Student Accounts

The increasing use of debit cards by young adults and the increase of abusive fees for overdrafts have collided, causing many college students and young workers to begin their lives at a high price, according to a Center for Responsible Lending study.  Young adults and college students aged 18 – 24 pay about $1 billion in overdraft fees per year.  Debit card point-of-sale transactions are the leading cause of overdraft loans for young adults, and young adults pay more than $3 for every $1 borrowed for debit card overdrafts.

“When their bank engages in abusive overdraft practices, young adults can potentially lose hundreds of dollars in just one day because of the domino-effect of overdrafts that are promoted rather than prevented by the bank,” the study stated. 

Today’s 18 – 24 year olds don’t think of credit unions in the same way their parents and grandparents did.  They simply don’t know that credit unions encourage young adults to save for a “rainy day”. Plus, it is a place to obtain trusted financial advice.  Most credit unions charge around $20 for an overdraft while banks charge around $30 for the same service.  A national study done in New Hampshire revealed that the average credit union member saves $105 per year in comparison with a bank customer ( Oct 8, 2007). The $105 could be earning interest in your credit union savings account.   That’s why our credit union is a great place for your savings and checking dollars!!!