The numbers of credit unions are on the rise and even schools are establishing them. The Schools First Federal Credit Union, OCTFU (Orange County Teachers Federal Credit Union), and KAPFCU are among the growth of credit unions in the nation currently.
Schools First Credit Union and OCTFU covered on TV today. Another similar organization is Kappa Alpha Psi Federal Credit Union (KAPFCU) was also in the news today.
In a new press release issued today, KAPFCU is making a difference in the “Lives of Children and Youth Credit Union Membership Ages 18 to 24″:
Kappa Alpha Psi Federal Credit Union (KAPFCU), the country’s first “virtual credit union”, was recently awarded a $500 Making a Difference grant from the Texas Credit Union Foundation (TCUF) to provide financial literacy and credit counseling to youth in Plano, Texas.
Movement in the credit union is stagnating with its aging members; according to recent NCUA statistics the average age of credit union members is currently 55+.
KAPFCU contrasts sharply to this with the age of its membership between 18 to 24.