DuGood Credit Union is headed back to school with a new location opening this fall on the Lamar Institute of Technology (LIT) campus.
Amidst much excitement, the partnership became official on July 25. The goal – to equip students for thriving careers and financial success.
“We are grateful for DuGood Credit Union’s investment in our college and proud to be their partner, ”said Dr. Sid Valentine, President of Lamar Institute of Technology. “This new on-campus branch will be a resource that will give our students the financial access, tools, and education they need throughout their academic journey and prepare them for when they enter the workforce.”
The enthusiasm about the partnership is certainly mutual. With the phenomenal growth LIT has experienced in recent years, new programs, and proven track record of strong job placement in Southeast Texas, DuGood CEO Clint Wilson views the pairing as an investment in LIT’s students and the local community as a whole. “Our area depends on LIT, and we are honored to partner with them, ”Wilson said.
“This new location is more than just a branch. It’s a resource center that will empower students to take control of their financial futures. LIT is known for producing job-ready graduates that make Southeast Texas a better place. We’re here to complement their mission by providing students the tools they need to succeed financially. We couldn’t think of a more perfect partnership!”
Wilson emphasized that he recognizes the financial pressure facing today’s college students, and DuGood has developed customized solutions to help
0% Interest “Power On”Career Loans
The credit union plans to offer a 0% interest “Power On” Loan designed specifically for LIT students. This exclusive loan offers up to $1,500 to eligible graduates or soon-to-be graduates, helping them purchase essential career-related items such as tools, uniforms, or technology. With no interest, no minimum credit score required, and a 12-month repayment term, it will provide a critical financial boost as students transition into their careers.
Supporting Student Financial Wellness
DuGood also plans to double down on their financial education efforts with both in-person and digital learning options. The credit union will offer Enrich — a top-tier, award-winning financial wellness platform used by leading colleges and universities across the nation. Through this platform, LIT students will have access to personalized, interactive financial education based on their goals and money habits. Topics include budgeting, managing credit, student loan repayment, and more.
In addition to digital learning, DuGood will offer on-campus support, workshops, and events
tailored to students’ needs. “At DuGood, we believe financial knowledge is essential to success no matter your career path, ” Wilson said. “By bringing services, tools, and education directly to LIT students, we’re helping them ‘power on with confidence into the next chapter of their lives.”
Investing in Student Success
DuGood is further demonstrating its commitment by launching a $10,000 annual scholarship fund for LIT students. Each semester, five students will be awarded $1,000 scholarships to help alleviate the financial burden of college. Additionally, an LIT-branded debit card and student checking account will be introduced, allowing students to earn Scholarship Reward Points with every purchase — points that can be redeemed for college expenses.
Student checking accounts will feature:
No account fees
No minimum balance or transaction requirements
Free access to a nationwide ATM network
A Dedicated Space for the LIT Community
The on-campus DuGood branch will be designed specifically for the LIT community — providing a welcoming space where students, faculty, and staff can access everyday banking services, financial education, and expert support. The credit union will also actively participate in campus life by supporting student organizations and sponsoring campus initiatives. The DuGood Credit Union LIT branch is scheduled to open fall 2025. For more information, visit www.dugood.org.
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