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Mich league updates CU School Branch Handbook
LANSING, Mich. (4/6/11)--The Michigan Credit Union League (MCUL) has updated its online “Credit Union School Branch Handbook.” The updated handbook is a how-to guide for establishing a student credit union branch. It was compiled by members for MCUL’s Financial Education Council with experience in setting up and running student credit unions. The handbook was created in 2003. In 2010, the online link was accessed more than 17,000 times, according to the Michigan Monitor (March 28). The handbook contains step-by-step details and advice, including chapters on establishing a partnership for education, setting up and marketing school branches and an appendix with forms and documents, said the league. “Michigan is a leader in school-based credit unions,” said David Adams, MCUL CEO. “In-school credit unions help teach youngsters about the importance of saving and how to be a good financial consumer.” Michigan leads the nation as the state with the most student credit union branches, with 370 operated by 58 credit unions, according to the Credit Union National Association. Michigan has four times the number of in-school credit unions as the state with the next highest total, Wisconsin, with 86. The Credit Union National Association offers an online directory of credit unions with in-school or youth center branches, including a guide for creating youth program. For more information, use the link.
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