student run credit unions

Real-life lessons in saving and finance.

In 1995, LOC 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 19 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. 

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.

 

 

student run credit unions

Who can use a student-run credit union?

Students and staff are able to make deposits and 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.

Families can open accounts online through our website. In addition, accounts can be opened at any LOC branch location. Kid and teen 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 Kids and Teens Accounts. They have been specifically designed to meet the needs of our young members.

2023-2024 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 2023-2024 Last Day of Operation 2023-2024
Farms Intermediate School Every Other Thursday Thursday, August 31 Thursday, May 9
Lakes Elementary School Every Other Thursday Thursday, September 14 Thursday, May 9
Challenger Elementary School Every Other Wednesday Wednesday, September 13 Wednesday, May 8
Northwest Elementary School Every Other Friday Friday, September 15 Friday, May 10
Ruahmah J. Hutchings Elementary School Every Other Thursday Thursday, September 7 Thursday, May 16
Three Fires Elementary School Every Other Wednesday Wednesday, September 20 Wednesday, May 15
Voyager Elementary School Every Other Thursday Thursday, September 21 Thursday, May 16

 

Oakland County

School Deposit Day Opening Day 2023-2024 Last Day of Operation 2023-2024
Beechview Elementary School Every Other Wednesday Wednesday, September 27 Wednesday, May 15
East Middle School Every Other Tuesday Tuesday, September 26 Tuesday, May 28
Farmington STEAM Academy Every Other Friday Friday, October 6 Friday, May 31
Forest Elementary School Every Other Wednesday Wednesday, September 27 Wednesday, May 15
Gill Elementary School Every Other Tuesday Tuesday, October 3 Tuesday, May 21
Hillside Elementary School Every Other Tuesday Tuesday, September 26 Tuesday, May 14
Kenbrook Elementary School Every Other Friday Friday, October 6 Friday, May 31
Lanigan Elementary School Every Other Thursday Thursday, September 28 Thursday, May 16
Longacre Elementary School Every Other Friday Friday, September 29 Friday, May 17
Power Middle School Every Other Wednesday Wednesday, October 4 Wednesday, May 22
Warner Middle School Every Other Thursday Thursday, October 5 Thursday, May 23
Wood Creek Elementary School Every Other Wednesday Wednesday, October 4 Wednesday, May 22

 

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Membership is open to anyone who lives, works, worships, or attends school in the state of Michigan.

A current or eligible member's immediate family (spouse, sibling, child, grandchild, parent, grandparent) or an individual living in the same household of a current or eligible member can also join LOC.

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