The purpose of an in-school credit union branch program is to assist young people in the development of personal finance and employability skills.
What is an in-school credit union?
Often referred to as a student credit union or student-run credit union, in-school credit unions are established as a financial education partnership between a credit union and a school or school district. While the scope and operation often vary depending on needs and resources, facilitating in-school branches gives students the opportunity to learn money management skills as they make account transactions at school, often coupled with additional financial education. Most in-school credit unions are also student-run, providing an additional benefit of developing career, math and organizational skills to the students involved in the operation of the branch.
Below are resources and best practices for starting or running an in-school financial branch.
In 2012, the Biz Kid$ producers authored a Biz Kid$ Textbook on Banking and Financial Systems. Included in the online and DVD version of the textbook was a chapter on in-school credit union branches, authored by a credit union employee and Cathy Brorson. Below is the chapter, which you may find helpful in creating your own credit union guidelines.