Student-Run Credit Unions
Financial Education Association: A Partnership
In 2012, COPFCU partnered with the Northwest Local School District to form a Financial Education Association (FEA) for the benefit of students and alumni, with the goal of educating students on the importance of money management. Just as math, science and English are important, we believe that learning money management skills and providing financial education enables students to be better prepared to make good financial choices that lead to a healthy future and long-term financial success.
Cardinals Credit Union & Knights Credit Union
As part of this venture, in 2013 we created 2 fully student-run credit unions: Knights Credit Union (KCU) at Northwest High School, and Cardinals Credit Union (CCU) at Colerain High School. KCU and CCU are open in the cafeteria during lunch time, and are run by over 40 student tellers. The goal of the student credit unions is to provide real-life financial lessons by enabling students to open and manage their own credit union accounts, and to give students a convenient way to start and grow savings accounts.
Students that are selected to work at the credit unions gain valuable work experience by working as tellers, branch managers, and marketing managers, and learn critical business profession skills such as confidentiality, professionalism, and leadership skills, as well as personal financial responsibility, cash handling, drawer balancing, and problem-solving skills.
COPFCU Co-op Program
Each year, we also select 2 students from each school to work as co-ops at our Colerain branch. The co-ops work as fully functioning tellers, enabling them to experience the business and finance profession first-hand and gain financial knowledge that will last a lifetime.
Other FEA Initiatives
In addition to the Student-Run Credit Unions, the Financial Education Association also provides:
- Scholarship opportunities
- College financial aid seminars for parents and students
- Low cost, line-of-credit student loans
- Free online financial education courses
- Freedom teen accounts and services
Alumni are also welcome to participate!
Alumni can also enjoy many benefits of the FEA. We invite all alumni to participate in the available programs.
Contact us for more information!