Partnering with Our SchoolsFinancial literacy is important to each of us, particularly to the students and young adults in our communities who are the work world for the first time and face a series of new responsibilities.
Unfortunately, studies have shown that less that 25% of students and just 20% of parents say students are very well prepared to deal with the financial challenges that await them after school.
To help meet those challenges and support the community, Community Financial Youth Advisory Board provides a series of programs to help educate students.
Student-Run Credit Unions:The Student-Run Credit Union program is one of Community Financial’s anchor programs in partnership with 35 elementary, middle and high schools. This program gives student volunteers hands-on credit union experience with an emphasis on the importance of saving and financial responsibility, all while teaching valuable career skills. Student volunteers serve as credit union tellers, branch managers, marketing representatives, computer operators and bookkeepers.
School Presentations:Another partnership with local schools involves classroom presentations by Community Financial team members. These presentations supplement the schools’ curriculum and help the students become better prepared to meet required benchmarks and standards.
Some of the presentation topics include:
check writing, understanding credit, needs and wants, goods and services, interviewing tips and budgeting. Our team members also present Junior Achievement curriculum.
Scholarship Award Program:Each year, Community Financial awards $11,000 in scholarships to deserving college-bound members. Administered by the Community Foundation of Plymouth and the Ann Arbor Area Community Foundation, the two scholarships are named in honor of Margaret Dunning, a former member of the Community Financial Board of Directors, and George Lawton, a former general manager, both of whom epitomize the credit union’s “People Helping People” philosophy.
West Middle School student volunteer
"We are excited to fill our vision of teaching students the importance of saving in elementary school, providing
a way to grow those savings in middle school and then offering access to their savings and checking accounts in high school. This program truly prepares students for
the ´real world.´"
Natalie McLaughlin, Community Financial Sr. Education Partnership Coordinator