School Spotlight: Ridge Wood Elementary Teachers Engage Students in Financial Education

Authored By: Community Financial Credit Union on 10/18/2019
Senior Education Partnership Coordinator, Mary Kerwin,
instructs volunteers on cash handling procedures before
Ridge Wood's Student-Run Credit Union Grand Opening.
The Student-Run Credit Union Program is Back!

Community Financial’s award winning Student-Run Credit Union program is back again! Our school partnerships continue to grow every year, and we are now partnered with 52 schools in our neighboring communities. Ridge Wood Elementary in Northville began a partnership with us in 2017. With the added support of Ridge Wood’s staff and students, we are now partnered with all elementary and middle schools within the Northville school district.

What is the Student-Run Credit Union?

Ridge Wood's Student-Run Credit Union in action!
The Student-Run Credit Union is a program operated by Community Financial where students, age kindergarten through high school, can save their money monthly at their school. Students practice good banking habits and develop a sense of ownership with their finances at an early age. Fourth-grade students at Ridge Wood, for example, operate the Student-Run Credit Union once a month. Each Ridge Wood student volunteer is assigned a job and assists young members in all grades to save their money.
Ridge Wood's Student-Run Credit Union in action!

Ridge Wood's Student-Run Credit Union in action!
Marketing Representatives hard at
work promoting deposit days.

Teacher Support for Financial Education and Wellness

Ridge Wood 4th grade teachers interacting
with volunteers and members.
Teacher support and involvement is critical to our Student-Run Credit Union program. Without the support of teachers believing in helping students achieve financial success and wellness, our program would not exist. The need for financial education is a strong topic of conversation in many states and districts throughout the country. Financial education is incredibly important for everyone to learn.

Our Student-Run Credit Union program helps to assist teachers in achieving this objective. Ridge Wood teachers saw the importance of a partnership with Community Financial in 2017. A huge thank you to our Ridge Wood teachers and all teachers who believe in financial education!

Ridge Wood 4th grade teachers interacting with volunteers and members.

Your Turn:Which financial topics do you find important for students to learn?

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