Looking to make your Impossible Dreams possible? Your membership can help make it happen!
From saving allowances to setting goals, kids learn by doing. A student-run credit union gives them a hands-on way to understand how money works—long before their first paycheck. In fact, in 2024, our students hit an average account balance of $359.27 per student.
At well over $300 bucks, that’s actually more than the median checking account balance in the lowest percentile of US households in 2022!* And a great start for the kids powering Michigan’s future.
Students can make deposits, manage their savings, and even handle cash serving as tellers (under adult supervision, of course). It’s a safe, encouraging way to teach accountability, routine, and ownership.
There’s nothing quite like watching your child save up for something on their own. Whether it’s a toy, a gift, or just building up their balance, they get to feel proud of their progress—and motivated to keep going.
Understanding how to manage money is one of the most important life skills. Student-run credit unions make it fun and approachable with their friends and classmates—so kids aren't left figuring it out on their own later.
We’re a for-impact credit union, and that means we’re here to help—not to sell. These programs are part of our purpose to support Michigan families and build a brighter financial future for the next generation, which is precisely why we give kids the opportunity to run the whole deal themselves, from marketing to CEO. (And, for high schoolers, it looks pretty good on a college application too!)
Ready to set them up for success?
Ask your child’s school if they have a student-run credit union program—and if they don’t, let’s start one together. We’re here to help every young dreamer become a confident saver. Learn more about CFCU Student Run Credit Unions!
**Source: Federal Reserve Board (2023)
