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CU System
Co-op Services CU opens branch at elementary school
LIVONIA, Mich. (11/17/09)--Fourth- and fifth-grade students at Bulman Elementary in Redford Public Schools worked to design posters, make public address announcements and create contests to help promote the opening of the school’s first student credit union operated in partnership with Co-op Services CU in Livonia, Mich.
Click to view larger image Bulman Elementary students are greeted by the Rock Star Savers’ mascot to celebrate the grand opening of the school’s student credit union in partnership with Co-op Services CU, Livonia, Mich. (Photo provided by Co-op Services CU)
The students were members of a marketing team that encouraged their classmates, from second through fifth grades, to open savings accounts and participate in the credit union’s “Rock Star Savers” program. “Thanks to their efforts, 70 students were already signed up before our October grand opening,” said Jeremy Cybulski, youth and community development officer for Co-op Services CU. Everyone is excited about the credit union program including parents, students and staff, according to Bulman Principal Susan Stanley. “This is an outstanding educational opportunity for children to learn real-world math applications and the value of saving money,” Stanley said. “It also teaches our children the gift of patience in a world of instantaneous gratification.” Students and parent volunteers, along with Co-op Services’ staff were at the grand opening to help classmates make savings deposits, play games and receive star stickers for their savings books. Children can pick out a prize from a special prize box for every five stickers. Parent volunteer Cathy Wilber shared her excitement about being part of the new Panther branch, named for the school’s mascot. “I think it will be a great service to our students,” Wilber said. “They will be learning wonderful life skills that they will hopefully carry with them into their adult lives. Thank you to Co-op Services CU and our principal, Sue Stanley, for allowing Bulman to be a part of this terrific program.” Cybulski coordinates the student credit union program, and makes classroom presentations throughout the year at Bulman and other area schools to help students learn about savings basics. During the 2009-10 school year, the $385.2 million-asset Co-op Services CU will oversee the operation of six student credit unions in elementary schools within the Livonia, Clarenceville and Redford Union school districts.
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