Community Financial Student-Run Credit Unions Wrap Up Successful Year

The 33 local student-run credit unions supported by recently finished another successful school year of banking — helping students not only learn to save, but also valuable skills for the future.

The student-run credit unions served more than 1,900 students during the 2011-2012 academic year, and more than 800 student volunteers helped their peers learn the to save money. In June, the students had nearly $870,000 in total on deposit.

Operated in partnership with local elementary, middle and high schools in Northville, Novi, Plymouth, Canton, Gaylord, Hillman and Lewsiton, the credit unions provide students with a hands-on credit union experience emphasizing the importance of saving money and financial responsibility, as well as career skills.

Throughout the year, dedicated Community Financial staff has been assisting with interviews and tours to cement these concepts with students.

“The students involved in the program are learning valuable skills which will help them in life outside of the school buildings and we thank the school administrators for partnering with us and this program,” said Natalie McLaughlin, Community Financial education partnership coordinator. “Contributing to the community, particularly through education, is part of our mission and we are proud of all of the students for all of their hard work throughout the year.”

The above information was provided in a press release from Community Financial.