See All | Contract
Join Today

Student Credit Unions

Local Schools + LOC =
Financially Fit Together

In 1993, LOC Federal Credit Union opened its first student-run credit union at East Middle School in Farmington Hills. Today, LOC is a proud partner with Farmington Public Schools, Hartland Consolidated Schools and Howell Public Schools and operates fifteen in-school branches. Our in-school credit union program and this great community partnership strengthen student advancement as a result of exposure to positive community role models. During the 2015-2016 school year, nearly 400 student employees processed 3,758 transactions, helping individuals save a total of $152,115.32.

This unique program consists of a full-service LOC branch inside the school. Our student-run credit unions are managed by students with the supervision of an LOC employee. Student employees gain hands-on experience on how to run a branch and they perform duties of the various positions available at a financial institution. Not only does this program teach valuable skills to the students working the credit union, it also gives all students real-life lessons in savings and finance. Some ways we hope to accomplish this include:

  • Resume writing and interviewing techniques
  • Professionalism and team work
  • Developing responsibility and leadership skills                      
  • Increasing student confidence
  • Counting money efficiently                                                                                     
  • Providing financial education classroom presentations
  • Importance of having healthy savings habits
  • Interpersonal and communication skills
  • Increase math skills and more

Watch Our Video to Learn More

 

Who Can Use a Student-Run Credit Union Branch

Students and staff are able to open an account, make deposits and do withdrawals at our in-school branches. Students are encouraged to open a savings account to save for events such as holiday gift giving, field trip expenses, college savings or sporting activities.

Account applications are available and can be turned in at each student-run credit union branch. In addition, accounts can be opened at any LOC branch location. Student accounts need parent/guardian's proof of identification, a Social Security number and a minimum $5 deposit. If the student is already a member of LOC, it is not necessary to open another account.

When you become a member, you can enjoy the many benefits of our Quackers Club and Teen Club. They have been designed especially to meet the needs of our young members.

2016-2017 Student-Run Credit Union Schedule

Our student-run credit union operates throughout the school year. Days and hours of operation can vary based on holiday breaks, weather related closings, half days and other unforeseen circumstances. Please visit the school website for a current schedule.

Livingston County

School

Deposit Day

Opening Day
2016-2017

Last Day of Operation 
2016-2017

Hartland
Thursday
Oct. 13, 2016
June 1, 2017
 
Highlander Way Middle School
Howell
Wednesday Mar. 8, 2017 May 31, 2017
 
Northwest Elementary School
Howell
Friday Feb. 3, 2017

June 2, 2017

 
Ruahmah J. Hutchings Elementary School
Howell
Friday Jan. 20, 2017 June 2, 2017
 
Wednesday
Nov. 2, 2016
May 24, 2017
 
Thursday
Oct. 6, 2016
June 1, 2017

Oakland County

 School
Deposit Day

Opening Day
2016-2017

Last Day of Operation 
2016-2017

Farmington Hills
Tuesday
Sept. 20, 2016
May 30, 2017
 
Farmington Hills
Wednesday
Sept. 14, 2016
June 7, 2017
 
Farmington Hills
Tuesday
Nov. 1, 2016
May 30, 2017
 
Farmington Hills
Thursday
Oct. 20, 2016
June 1, 2017
 
Farmington Hills
Friday
Oct. 21, 2016
June 2, 2017
 
Farmington Hills
Wednesday
Oct. 12, 2016
May 31, 2017
 
Farmington Hills
Friday
Oct. 21, 2016
June 2, 2017
 
Farmington Hills
Wednesday
Oct. 26, 2016 May 31, 2017
   
Farmington
Wednesday
Oct. 19, 2016
May 31, 2017
 
Farmington Hills
Thursday
Oct. 13, 2016
June 8, 2017
     
Farmington Hills
Thursday
Oct. 6, 2016
June 8, 2017
 
Farmington Hills
Friday
Sept. 16, 2016
June 2, 2017

Testimonial

Our Members Are Getting
Financially Fit

LOC will help me get ready for the future when I'm an adult in the work force because I have learned what to say in the interview process, how to write a resume, money management, and planning skills.

Ryan and LOCFinancially Fit Together ℠

More Stories
Looking for options for your kids?

Quackers and Teen Clubs are the perfect fit.

Learn More

Branch & ATMs

Find a Branch or ATM near you.

Click here

Contact Us

Toll Free: 800.837.4562

Email Us

LOC Federal Credit Union facebook  LOC Federal Credit Union linkedin

Find Us Call Us
Back to Top