Community Federal Partners with Northville High School to Promote Financial Literacy through Student Credit Union –

Grand Opening features check presentation to Northville Education Foundation

Plymouth, MI (Oct. 8, 2002) – Northville High School’s cafeteria offers more than the usual lunch fare. Students now have the convenience of doing their own banking at a student run credit union in partnership with Community Federal Credit Union.

Branch managers Brian Hudson, Bree Hietala and Amanda LaRiche, all students of teacher Bob Boshoven’s consumer math class, opened the first day of operation on Friday, October 4. They are among Boshoven’s 54 consumer math students who are participating in the credit union program as employees.

Boshoven said, "Our partnership with the credit union fits into our financial literacy program by complementing our banking unit on savings and checking transactions, and by helping students understand what it takes to build good credit. It makes a real impression when students hear it firsthand from the people who make the credit decisions."

Prior to opening the branch, students were invited to tour Community Federal’s Plymouth headquarters where they received a comprehensive look at the credit union’s operations including presentations from Finance, Human Resources, Marketing, Check Proof, Cash Floor and Lending departments.

The Northville High School branch is the tenth school credit union operated by Community Federal, including Amerman and Moraine Elementary schools in Northville.

"This high school program raises the level of services and financial literacy education we can provide to students who are soon moving on to higher education and entering the workforce," said Natalie McLaughlin, Community Federal’s Education Partnership Coordinator.

As part of opening day of the high school’s credit union, Community Federal presented a check for $700 to the Northville Education Foundation to be used for innovative projects including financial literacy. Accepting the check on behalf of the Foundation was Linda Pallas, Assistant Superintendent of Northville Public Schools.

Funds for the Foundation were raised through the credit union’s Community Shares program, an annual campaign which provides donations that are tied to the credit union’s deposit growth.

Northville High School Principal Dennis Colligan praised the efforts of the Community Federal partnership. He said, "It links our school to the community and helps our students understand how the community serves to make Northville High School a better place in which to learn."

Headquartered in Plymouth, Mich., membership in Community Federal is open to anyone who lives or works in Plymouth, Canton, Northville, Novi, and the northern Michigan counties of Otsego and Montmorency. With more than 34,000 members and total assets of $270 million, Community Federal provides financial services to members at six other branch locations and through a variety of automated and online services. For more information, visit the credit union web site at www.cfcu.org or call (734) 453-1200 or (877) 937-2328, toll free.

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Photo Caption: Linda Pallas, Northville Public School’s Assistant Superintendent, holds a check for $700 presented to the Northville Education Foundation by Community Federal’s Education Partnership Coordinator Natalie McLaughlin. The presentation was part of grand opening of Northville High School’s Student Credit Union. Opening day branch managers behind the counter are from left to right: Amanda LaRiche, Bree Hietala and Brian Hudson.

Media Contacts:

Sarah Cousineau
Community Federal Credit Union
734-453-1200, ext. 468
scousineau@cfcu.org

Margaret Knes
Margaux & Associates, LLC
313-406-3467
mknes@margauxpr.com

 

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