The Power of Student Credit Unions
Student Credit Union members saved $47,782 in 2024! All while learning to Dream Wild™ by saving, spending, and giving.
Learning through doing:
Molding a money savvy future for Michigan
We believe that setting kids up with financial skills from a young age is one of the strongest ways to build economic prosperity in our communities. We’re working to help students in 50+ schools across the state learn by doing through our Student Credit Union program. From marketing to operations, the kids run it all. Giving them hands-on experience and financial knowledge that’ll help them thrive into the future.
Celebrating a 30-year partnership with Northville schools
In celebration of over 30 years of growing financial wellness in Northville Schools, we partnered with the district and the Northville Education Foundation to launch a $20 Student Savings Starter program. For any kindergartener and fifth grader in the district who opened a CFCU account we’d deposit the first $20 on us! The extra boost for kids helped drive an overall 30% jump in SCU membership across the state in 2024.
A launchpad for their Impossible Dreams
Beyond the experience gained, the impacts of the student credit unions truly add up with $47,782.39 saved among all students for an average account balance of $359.27 per student in 2024. At well over $300 bucks, that’s more than the median checking account balance in the lowest percentile of US households in 2022!* And a great start for the kids powering Michigan’s future.
Want to put your kid on the right track OR create a Student Credit Union at your school? Learn more about CFCU SCU!
*Federal Reserve Board (2023)
Student Credit Union
Student Credit Union
Earning while learning at school
To invest in the future of Michigan we’re giving students hands-on financial experience at 50+ schools across the state—and empowering them to run the whole show! Because when you build a more financially aware and stable generation, they’re more likely to build a stronger, more prosperous Michigan for us all.
Ignite their Impossible Dreams
Thought Leadership
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