LOC Federal Credit Union Partnership

LOC Federal Credit Union Logo

Help teach your student the value of saving with LOC! 
Parker Student Run Credit Union 2017-2018 opening day February 7, 2018.

In 1995, LOC Federal Credit Union opened its first student-run credit union in Farmington Hills. Today, LOC is a proud partner with Farmington Public Schools, Hartland Consolidated Schools, and the Howell Public School District and operates 21 in-school branches. Our in-school program and this community partnership strengthen student advancement as a result of exposure to positive community role models. 

Our student-run credit unions are managed by students with the supervision of an LOC employee. Student employees gain hands-on experience on how to run a branch and they perform duties of the various positions available at a financial institution. They are also taught real-life work skills, such as
• Resume writing and interviewing techniques
• Professionalism and teamwork
• Development of responsibility and leadership skills 
• Increased student confidence
• Counting money efficiently 
• Financial education classroom presentations
• Importance of having healthy savings habits
• Interpersonal and communication skills
• Increased math skills and more

Not only does this program teach valuable skills to students working the credit union, this also gives all students real-life lessons in savings and finance. All students, staff, and parents at Parker are eligible to open an LOC account through the student-run credit union. 

Parker Student Run Credit Union is open Wednesdays from 11:00 a.m. – 12:00 p.m. and is part of the middle school encore class “Careers, Money, and More” and operates under the direction of Stephanie Cole, Youth & Community Development Coordinator at LOC.

To open an account, access the links below. Print and complete an application and return to Ms. Cole on Wednesdays from 11:00 a.m. – 12:00 p.m. or go directly to LOC’s website to apply for an account online. 

Account Application
Parent Question and Answers 

For a full list of student-run branch locations and operational hours, visit locfederal.com/cuatschool

For additional information or with further questions, contact: 
Stephanie Cole, Youth & Community Development Coordinator at LOC