MESA: Learn More About This Matched College Savings Program for Your Members
July 7, 2015
July 6, 2015
Through a unique partnership between the Northwest Credit Union Foundation (NWCUF) and the Montana Credit Unions for Community Development (MCUCD), Northwest credit unions are piloting a successful matched college savings program with their members. Soon the program will expand to more credit unions in Oregon and Washington, and you are invited to a webinar to learn more about it.
The Matched Education Savings Account (MESA) program was created by MCUCD in 2005 for students pursuing higher education who need more funding than they receive through federal aid and family contribution. With student debt numbers rising above one trillion dollars in 2013, more than ever, students need to be innovative to cover college costs and reduce student debt.
On Tuesday, July 14, starting at 8:30 a.m. PDT, MCUCD Executive Director Karen Smith, CUDE, will lead a webinar to give Northwest credit unions a deeper look at the MESA program and its benefits for credit unions, colleges and universities, and of course members and students.
In Montana, MESA has helped 183 participants save $64,857 — and realize another $234,598 in matched savings. Half of Montana’s credit unions offer MESA to students at five partner colleges. The matching funds are made possible by grants from various foundations, schools and organizations.
“MESA is all about what credit unions do — they see the value in offering matched savings to members,” said Smith. “Having launched the program 10 years ago, we’ve gone through the growing pains and fine-tuned MESA, so Northwest credit unions piloting the program will be able to hit the ground running. It’s really a great feeling to be able to pick up this successful program and take it to other states.”
Interested credit unions are invited to register for the webinar by clicking here.
Questions about this story? Contact James Pearson: 206.340.4790, email@example.com.
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