Coverdell Education Savings Account
Tax-free savings for education at every stage.
Education can come with a high price tag. Save for it by opening a tax-free Coverdell Education Savings Account (CESA) in the name of a child up to age 181. Also known as an Education IRA, a CESA is a trust or custodial savings account you can use to pay for qualified education expenses, including tuition, books, supplies, equipment, academic tutoring and special needs services. Unlike 529 plans, CESA funds can be used for elementary, secondary or higher education. CESAs also let you direct your investments versus choosing from a menu of options.
- Contribute up to $2,000 per year
- Enjoy tax-free growth and withdrawals
- Open an unlimited number of CESAs for a designated beneficiary
- Use funds for tuition, books, supplies, equipment, academic tutoring and special needs services
Save for your future Trojan’s education.
Open a tax-free Coverdell Education Savings Account (CESA), online or at any branch.
USC has been my center of excellence for education since 1976, and USC Credit Union has been the holder of my financial trust and continues to be.
-Zohreh
Checking Accounts
Free ATMs. Free Online Banking. USC Credit Union checking accounts give you perks and plenty of choices from our no-fee basic to interest-bearing accounts.
Debit Cards
Go cashless! Your Debit/ATM card lets you access the funds in your checking account with one quick swipe.
Direct Deposit
Get paid early! Have your paycheck or any recurring payments deposited electronically into your checking account online. It’s safe, easy to set up, and a real timesaver.
Educational Resources
Identity Theft
The Rise of Card Skimming and How to Fight It
Skimming is a persistent and evolving threat, but by being aware and taking preventative measures, we can fight against compromised cards and protect our financial well-being. Read this guide for tips and signs to watch out for.
The Rise of Card Skimming and How to Fight It
Student Loans
Repaying Student Loans: Budget Your Way to Freedom
Managing student loan debt can sometimes feel like an uphill battle. But the truth is, a smart budget, personalized to your income and other expenses, can be your greatest asset in paying off your student loans while maintaining your quality of life. In this guide, we walk you through the steps to create your own budget that works for you and your goals.
Repaying Student Loans: Budget Your Way to Freedom
Fraud Awareness
Recognizing Text Scams
Does this sound familiar? “Did you attempt a payment for $3,000? Reply YES or NO.” If so, you're not alone. Financial institution impersonations are the most common text scams and usually include bogus fraud warnings and transfer alerts. Follow these tips to help you identify potential scams and keep your personal information safe and secure.
Recognizing Text Scams
Students
How to Pick a Good Student Loan Co-Borrower
When delving into the world of private student loans, you may discover that many lenders mention a “co-borrower.” A co-borrower is someone who applies for the loan with you and is equally responsible for ensuring it is repaid. A private student loan will be held in your name as the primary borrower, but the co-borrower’s name and credit will be tied to the loan as well.
How to Pick a Good Student Loan Co-Borrower
News
The Housing Authority of the City of Los Angeles and USC Credit Union Connect Nickerson Gardens Residents with Financial Literacy Education
The Housing Authority of the City of Los Angeles (HACLA), in collaboration with USC Credit Union, successfully concluded a transformative financial literacy initiative for residents of Nickerson Gardens.
The Housing Authority of the City of Los Angeles and USC Credit Union Connect Nickerson Gardens Residents with Financial Literacy Education
News
USC Credit Union Board Member Michael Broughton Selected for The Obama Foundation Leaders USA program
On August 1, 2023, the Obama Foundation unveiled Altro Founder/CEO and USC Credit Union board member Michael Broughton's selection to the inaugural Obama Leaders USA 2023 program.
USC Credit Union Board Member Michael Broughton Selected for The Obama Foundation Leaders USA program
Students
Student Loan Forgiveness Was Blocked by the Supreme Court. What’s Next?
On June 30, the Supreme Court struck down Biden's one-time student loan debt forgiveness plan, which was set to forgive up to $20,000 for 26 million borrowers. So, what's next? Read this blog post to review the latest updates.
Student Loan Forgiveness Was Blocked by the Supreme Court. What’s Next?
Students
Federal Student Loan Payments Resume Soon – What You Need to Know
Most federal student loan payments and interest have been suspended since March 2020. After numerous extensions, student loan interest will resume on September 1, 2023, and payments will resume starting in October.
Federal Student Loan Payments Resume Soon – What You Need to Know
Identity Theft
Don’t Sweat the Scams this Summer
Amidst all the sunshine and fun summer brings, scammers will try to rain on our parade. Stay ahead and shield your accounts with these 5 common summer scams to look out for!
Don’t Sweat the Scams this Summer
Students
The Top 4 Best Ways to Pay for College – How to Fill the Funding Gap
Let’s face it – no one is accepted to college and thinks, “I can’t wait to pay my tuition bill!” College is a big investment, which is why it’s important to know your options, plan ahead, and choose wisely when paying for it. Remember: filling out the Free Application for Federal Student Aid (FAFSA) is the first step to securing any financial aid! Follow the “free, cheap, gap” method to responsibly pay for college, and set yourself for a strong financial future down the road.
The Top 4 Best Ways to Pay for College – How to Fill the Funding Gap
1Contributions are not tax-deductible and are limited to $2,000 annually.