You may have gotten flyers for it to take home in your backpack or passed by a table at lunch and not given it a second thought. But if your middle /junior high school has a student-run credit union, you might want to think about it a bit more.
Tons of schools across the country have either student-run credit unions or school branches. The difference? A student-run credit union is just that, kids volunteer and help run an in-school credit union. A school branch is basically a monthly visit from your local credit union to help kids like you save.
Money Skills and More
School districts team with credit unions to give the schools and students the opportunity to not only save, but to learn some real life money skills as well. Not sure if your school has a student-run credit union or branch? Ask a teacher or your principal. If it doesn’t, it might be worth looking into starting one up. There are lots of things you can learn by helping to run a credit union at your school:
Having a credit union at your school can also be fun. If your school district has more than one student-run credit union, you can hold competitions between schools to see which one can save more or open more accounts. You can also hold contests within your own school to reward kids to save. Believe it or not, saving can be fun!
What is a Credit Union?
A lot of kids your age haven’t even heard of credit unions. But even credit union members like you don’t always understand exactly what credit unions really are or what makes them different from banks.