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Student Run Credit Union Program

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Student Run Credit Unions

So what exactly is a student run credit union?

It's a credit union run by students! It functions similarly to our other credit union branches, however, they focus more on deposits, the occasional car payment and the rare withdrawal. They are designed to serve students, teachers, and staff at participating schools. Pretty cool, uh?

TRUE Community Credit Union offers student-run credit union branches at many area schools, providing a unique, interactive way for students to learn about saving money and making good financial choices. To participate, students need to have a savings account with TRUE Community Credit Union.

Youth Savings Account


History of our program

It's amazing to look back and see that a program started in 1991 continues to thrive today. And all it took was a spark to get this fire going and it spread like wildfire.

In 1991, CP Federal Credit Union was approached by the Western School District to participate in a grant funded program that provided financial literacy to their students. This partnership launched a unique and robust student run credit union program that provided students with real world work experience along with developing a savings habit.

We are pleased to now offer financial literacy to over 50 schools. With 28 schools offering student run credit unions. In 2016, we celebrate 25 years of providing financial literacy to area youth. That's pretty cool.


Student Volunteers

The student-run branches are operated by student volunteers who have completed an application, an interview, and the necessary training to run their school branch. Each branch has a Financial Education Representative on site to assist and oversee the operation.

Once the student volunteers have been selected and have been trained, we will open the student branch. This typically occurs in October or November. For our partner in education schools, K-2, we work with the administration to determine the best way to provide credit union to their students.

Our student volunteers learn important skills while working in their student credit union. Some of these skills include cash handling, member service, cooperation, organization, and even public speaking. The development of these life skills may help your child excel in their current academics while preparing them for their future career.

During the fall of each school year, our Financial Education Representatives present information regarding the student volunteer positions and provide applications in the grade level classrooms determined by the school. Check out a sample of the student volunteer positions.

Elementary Job Description (PDF)
Elementary Job Application (PDF)
Middle School Job Description (PDF)
Middle School Job Application (PDF) 
Student Run Credit Union Guidelines (PDF)


Students can save a little as a penny, nickel, dime, or quarter each week at their Student Run Credit Union. (For the protection of our students, we encourage students with very large deposits to visit any one of TRUE Community Credit Union branch locations).

For each deposit made at their student run credit union branch, students will receive a punch on their punch card. On their fourth deposit, they can select a prize from our prize box. Student that forget their neck wallet and punch card are asked to hold onto their receipt and show it during their next visit to earn that missing punch.

Withdrawal Policy

In order to protect our elementary students, we ask that they bring a permission note for withdrawals larger than $5.00. The joint owner on the account should be the parent who grants permission to make the withdrawal by signing the note.

Students may choose to withdraw $5.00 or less without a note for book fairs, popcorn days, etc. If a student's account is dormant and wants to make a withdrawal from their account, we will require a note.

Our Financial Education Representatives do not bring cash to school since many of our students typically make deposits.  The availability of funds will be based on the amount of deposits made that day. If your child needs to make a larger withdrawal, we encourage you to visit any of our branch locations.

Dormant Accounts

Accounts that haven't been used for one year will become dormant and may incur fees. TRUE Community Credit Union notifies all members when their account becomes dormant so you can make a transaction and prevent your account from remaining dormant. A transaction can be a deposit or a withdrawal.

Please make sure we have your most recent contact information for each of your accounts so we can notify you of any account updates or changes. If an account becomes dormant and remains dormant for three years, we are required to turn over the account to the state of Michigan. It remains your account and you will need to contact the state to obtain any remaining funds.

Super Savers

We believe in rewarding our student savers for a job well done! At elementary and middle school level, our student members can become Super Savers by making at least 12 deposits at their student credit union during the school year. We reward them at the end of the school year with a Super Saver Award Certificate and a special gift from The Vault program.

Student Run Credit Union Branch Locations

We currently operate 28 student credit union branches. Each branch operates once a week unless the school has a snow day, testing or another event. Below is a list of our student run branch locations. We have also included the partner school and the day of the week that the credit union operates.

Participating Schools

Participating Elementary Schools

SEG School Name Day
494 Arnold Elementary Wednesday
401 Bean Elementary Wednesday
475 Bennett Elementary Thursday
480 Cascades Elementary Wednesday
420 Columbia Elementary (Grades PK-2) Thursday
420 Columbia Upper Elementary  (Grades 3-6) Thursday
490 Dansville Elementary Thursday
471 daVinci Institute - Primary Tuesday
499 Dibble Elementary Monday
431 Frost Elementary Wednesday
410 George Long Elementary (Grass Lake Elem.) Tuesday
440 Hanover-Horton Elementary Friday
474 Hunt Elementary Friday
485 Jackson Christian Elementary Tuesday
483 Keicher Elementary Wednesday
433 Northeast Elementary Tuesday
454 Northwest Early Elementary (formerly Parnall) Friday
453 Northwest Elementary Friday
470 Paragon Charter Academy Tuesday
402 Parma Elementary Tuesday
495 Queen of the Miraculous Medal Friday
4 Sharp Park Academy Monday
476 Springport Elementary Thursday
498 St. John Elementary School Thursday
400 Warner Elementary Thursday

Participating Middle Schools

492 Jackson Christian MS & HS Tuesday
441 Hanover-Horton Middle School Friday
403 Western Middle School Friday

Participating High School

404 Western High School Thursday