Plymouth, MI -- (Feb. 14, 2005) – Community Financial recently opened its 21st student-run credit union at Hillside Middle School in Northville. Other student credit unions are located in elementary, middle schools and high schools in Michigan.
Student volunteers from Mrs. Jennifer Smith’s 6th grade Enrichment class, Mrs. Jackie Treganowan’s 7th grade Leadership class and the 8th grade Consumer Education class serve as credit union tellers, managers, marketing reps, computer operators and bookkeepers with the assistance of Community Financial staff.
Hillside Principal James Cracraft welcomed the credit union at its grand opening session held during the school lunch periods.
“The goal of our partnership is to help students and families learn to manage their money before they enter adulthood,” said Community Financial Education Partnership Coordinator Beth Troost.
Community Financial’s long partnership with Northville Public Schools began in 1990. Already participating in the program are Amerman, Moraine and Thornton Creek Elementary, and Northville High School. Troost added that Hillside’s participation will enable continuity of the program through all age levels.
The student credit union program teaches students the importance of saving in elementary schools, provides a way to grow their savings in middle school and then offers access to their savings and checking accounts in high school. The partnership also includes classroom presentations on financially related topics.
Headquartered in Plymouth, Mich., membership in Community Financial, is open to anyone who lives, works, worships, volunteers 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 Financial 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.
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Photo Caption: Community Financial’s Education Partnership Coordinator Beth Troost joins Hillside Middle School student volunteers at the Student Credit Union’s grand opening celebration.
Margaux & Associates, LLC