To Operate 17 Student Credit Unions During 2003-2004 School
MI (Sept. 29, 2003) Expanding its commitment to education
and financial literacy, Community Federal is partnering with 17 Michigan schools
to operate student credit unions during the
2003-2004 school year.
program is designed to teach young members the value of saving and
setting financial goals. Students also learn career-building skills
by interviewing and filling positions in the student-run credit
unions under the guidance of school volunteers and Community
Federal's education partnership coordinators.
its 15th year, Community Federal's student credit union
program has received national and statewide recognition.
the last couple of years, our program has expanded from the lower
grades to middle and high schools. Our board of directors recognized
that student financial needs are increasing, and we can help them
build a solid foundation,"said Natalie McLaughlin, a Community
Federal education partnership coordinator.
schools include elementary, middle school and high schools in
communities where Community Federal's members live and work,
including Plymouth, Canton, Northville, Novi and the northern
Michigan town of Hillman.
addition to supervising the operation of student credit unions,
Community Federal staff makes numerous classroom presentations
throughout the year. Topics include how to develop good credit and
how checking accounts work.
we can help students develop good financial habits now, our contribution
to these communities will have a long lasting impact,"
added Community Federal's CEO Roger Ballard.
Plymouth, Mich., membership in Community Federal is open to anyone who lives,
works, worships or attends school in the Michigan cities, townships or counties
of Plymouth, Canton, Northville, Novi, Alpena, Otsego and Montmorency. With more
than 34,000 members, Community Federal provides financial services to members
at seven 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.
available upon request)
Cousineau Margaret Blohm
Federal Credit Union Margaux & Associates, LLC
ext. 8874 313-406-3467