Community Federal Credit Union Opens Student Branch at Salem High School in Canton

 

Plymouth, MI (Feb. 24, 2003) Community Federal Credit Union recently held a Ribbon Cutting ceremony at Salem High School to celebrate the opening of its first high school branch in the Plymouth-Canton Community Schools.

Director of Secondary Education Lon Rutkofske, Community Education and Career Preparation Coordinator Betty Bloch, Salem Principal Gerald Ostoin and Assistant Principal Carolyn Anulewicz were on hand to welcome the credit union and congratulate students from the school’s Advanced Marketing class who are operating the high school branch. They also operate the school store known as The Rock Shop. Prior to opening the branch, students underwent interviews and training with credit union staff.

Ostoin said, "This student-run branch fits in well with our curriculum by reinforcing the need for students to learn financial responsibility and establish good credit. Our students will also benefit from hands-on experience as branch volunteers."

In addition to this high school branch, Community Federal operates five other student branches in Plymouth-Canton Community Schools—including Allen, Hoben, Smith and Tonda Elementary Schools and East Middle School.

Attending the ceremony on behalf of Community Federal were CEO Roger Ballard, management staff and Board of Directors Chairman Ron Carlson, who teaches at Canton High School.

"Because students will be interacting with financial institutions for the rest of their lives, the credit union provides an excellent opportunity to teach personal financial literacy and allow them to practice before they begin the next stage of their lives," said Natalie McLaughlin, Community Federal’s Education Partnership Coordinator. "This program supports Community Federal’s desire to provide financial education to the community."

The Salem branch is the tenth school credit union operated by Community Federal. In October 2002, the credit union opened its first high school branch at Northville High School.

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 Alpena, Otsego and Montmorency. With 34,000 members and total assets of more than $271 million, Community Federal provides financial services to members at six 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.

Photo Caption: Congratulating one another after the ribbon cutting at Salem High School’s Student Credit Union were Community Federal Board Chairman Ron Carlson (from left), Salem’s Asst. Principal Carolyn Anulewicz, student tellers Christina Hoelscher and Natalie Brideau, Salem Principal Gerald Ostoin, and the credit union’s Education Partnership Coordinator Natalie McLaughlin.

Media Contacts:

Sarah Cousineau Margaret Knes

Community Federal Credit Union Margaux & Associates, LLC

734-453-1200, ext. 468 313-406-3467

scousineau@cfcu.org mknes@margauxpr.com

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