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Student Credit Unions

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Real-life lessons in savings and finance.

In 1995, 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 21 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 2019-20 school year, 710 student employees processed 4,533 transactions, helping individuals save a total of $83,995.03

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.

2021-2022 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
2021-2022

Last Day of Operation 
2021-2022

Hartland
Every Other
Thursday
September 23, 2021 May 19, 2022
 
Lakes Elementary School
Hartland
Every Other
Thursday
September 23, 2021 May 19, 2022
 

Challenger Elementary School
Howell

Every Other
Wednesday
September 22, 2021 May 18, 2022
 
Northwest Elementary School
Howell
Every Other
Friday
September 10, 2021

May 20, 2022

 
Ruahmah J. Hutchings Elementary School
Howell
Every Other
Thursday
September 30, 2021 May 12, 2022
 
Every Other
Wednesday
September 15, 2021 May 11, 2022
 
Every Other
Thursday
September 30, 2021 May 12, 2022

Oakland County

 School
Deposit Day

Tentative Opening Day
2021-2022

Last Day of Operation 
2021-2022

Farmington Hills
Every Other
Wednesday
October 6, 2021 May 25, 2022
 
Farmington Hills
Every Other
Thursday
September 30, 2021 June 2, 2022
 
Farmington Hills
Every Other
Friday
October 1, 2021 May 20, 2022
 
Farmington Hills
Every Other
Wednesday
October 6, 2021 May 25, 2022
 
Farmington Hills
Every Other
Tuesday
September 28, 2021 May 17, 2022
 
Farmington Hills
Every Other
Tuesday
October 5, 2021 May 24, 2022
 
Farmington Hills
Every Other
Friday
October 1, 2021 May 27, 2022
 
Farmington Hills
Every Other
Thursday
October 7, 2021 May 26, 2022
   
Farmington
Every Other
Friday
October 8, 2021 May 27, 2022
 
Farmington Hills
Every Other
Tuesday
September 28, 2021 May 17, 2022
     
Farmington Hills
Every Other
Thursday
October 7, 2021 May 26, 2022
 
Farmington Hills
Every Other
Wednesday
September 29, 2021 May 18, 2022

Testimonial

Their Dreams. Our Ideas.

 

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 LOC

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