LOC Credit Union Partnership

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Welcome to the LOC Student-Run Credit Union at Hutchings Elementary!

It is Hutchings’ 4th year of participating in this great hands-on learning experience for students of all ages. LOC Credit Union operates the Student-Run Credit Union program in 21 schools across Livingston and Oakland Counties partnering with Farmington Public Schools, Hartland Consolidated Schools and Howell Public Schools.

The Student-Run Credit Union is a LOC branch that operates every Tuesday. Fifth grade students are the employees who hold the positions of branch managers, tellers, member service guides and marketing representatives. They learn vital life skills and values such as teamwork, respect, integrity and responsibility, while enhancing math skills and confidence.

Any student who attends Hutchings Elementary can participate in the program as an actual member of the credit union with a real savings account. Students will conduct transactions at their school and gain the independence of managing their finances and practicing the act of saving. Whether they save a penny or ten dollars, they are responsible for their actions and reap the rewards of participating.

Students, staff and families who already have savings accounts are able to participate as soon as the school branch opens. Don’t have an account with LOC? No problem, you can open one and start participating immediately!

Hutchings Elementary Student-Run Credit Union is open Tuesdays from 2:45pm-3:15pm and operates under the supervision of Stephanie Cole, Youth & Community Development Coordinator with LOC.

To open a new savings account to use at your schools follow the steps below:
1. Complete the Account Application Form: Please click here to download the form and print a copy of it.
- The following must be included:
- Child's Social Security Number
- Parent or guardian's Social Security Number
- Parent or guardian's signature
- Copy of parent or guardian's driver's license (front and back)
- Minimum deposit of $5.00 (after the opening deposit students can    deposit as much or as little as they would like.)
2. Return the completed form and minimum first deposit to your school office, SRCU representative, or your local Howell LOC branch.

For additional information or with further questions, contact:
Stephanie Cole, Youth & Community Development Coordinator
scole@loccreditunion.com, 248.919.5824