Our Programs in the Schools
Extra Credit Union is pleased to share two programs that we offer in the schools:
Extra Credit Union Day
Extra Credit Union spends a day each month visiting a partner school to encourage students to become knowledgeable consumers, and in the process to make a regular savings deposit for their future. Called Credit Union Day, each school sets up a regularly scheduled day per month, and our representative guides students towards making financially strong decisions.
Students enjoy solidifying their math abilities while learning practical finance and practicing responsible business skills. Throughout the year, students also can participate in Youth Week, a financial-literacy focused week with the importance of saving and budgeting.
Elementary School Programs and Middle School Programs
Young students get in the habit saving with a youth savings account to encourage saving:
- Each student who opens an account receives a punch card with 20 spots
- Each $2.00 deposit gets one punch
- After 10 deposits, the student is entered to win a prize
- We donate $1.00 for every new account that is opened at the school
High School Programs
We also offer Credit Union Day in high schools to give students opportunities to access their credit union accounts, ask questions, make deposits, sign up for online services, inquire about credit, or fill out a loan application.
Youth Accounts and Loans
- Younger children learn the value of saving with a youth savings account
- Extra Credit Union youth loans ground kids in financial basics and help those who need access to cash for items such as prom expenses, senior packages, school trips, band camps and more.
If you are interested in adding a financial literacy program and resources to your elementary, middle, or high school curriculum, give us a call and find out how we can help. Call our School and Community Relations Coordinator Ashley Fordyce at (586) 276-3150.
Coin for College (Woo-hoo!)
It’s never too early to start saving for college, especially with college costs increasing every year. Extra Credit Union gives students a helping hand by proudly awarding the Richard J. Spence Scholarship to five graduating high school seniors each year. The multiple scholarships include:
- One $2,000 scholarship
- Two $1,000 scholarships
- Two $500 scholarships
Our scholarship recipients are determined by a committee and selected on the basis of:
- Academic achievement
- Community and school involvement
- Contributions to family or society
- A written essay
Student awardees may apply scholarship funds to any component of their comprehensive tuition and fees. (Students must be a member of Extra Credit Union and a high school senior at the time of application to apply.)