RFCU® Schools Program

It’s never too early to learn good financial habits. A recent study by the US Department of Treasury showed that programs such as school-run credit unions have a significant positive impact on student spending habits and perceptions of savings.

The hands-on learning environment of a school-run credit union helps students develop good financial habits, preparing them to make better financial choices, become more productive members of their community, and take control of their financial future.

“Whatever career I go into, this experience will help me.”

Draven Sandifer, senior at Decatur High School

How does a student-run program work?

Operating as a credit union branch inside the school, students are instructed and mentored on how to run the branch. These programs are integrated with a school’s career development programs or financial education activities, and allow students to gain valuable job skills by serving as tellers, cash managers, and more. Additionally, soft skills such as professionalism, confidentiality, confidence, and communication skills are learned.

Even those students not operating the branch benefit. In many cases students can open their own savings accounts to deposit earnings from part-time jobs, allowances, etc.

What schools currently have RFCU in-school programs?

RFCU currently operates in-school programs at Hartselle, Decatur, and Austin High Schools as well as Alabama A&M University and Calhoun Community College (opening Jan 2019). This is a cooperative effort between RFCU and school administrators, school board members, and school district officials.