Student-Run Credit Union Branch a Success

TRAVERSE CITY – The region's first full-service student-operated Credit Union branch in an educational institution ended on a high note and will re-open next fall.

Members Credit Union (MCU) and Traverse Bay Intermediate School District (TBAISD) launched a pilot program last fall designed to train students of TBAISD's Career-Tech Center's Accounting and Office Technology program curriculum in a working credit union.

Students maintained the branch, located within the Career-Tech Center on Parsons Road, while an MCU supervisor worked closely with them on new account openings, relationship building and transaction accuracy.

Between October and May, students opened 155 savings accounts, 75 checking accounts, 79 ATM Cards, 105 debit cards and 59 online banking relationships.

"We feel this is an excellent number of multiple account relationships developed at the student branch," says Marc McKellar, MCU's director of business development. "The fact that many parents, grandparents and legal guardians have stepped up to help students begin understanding how these accounts work before they head out on their own is significant."

Student tellers also had the opportunity to work in MCU's regular branch network during the school year.

The student branch will close for the summer, but the opportunities continue; MCU plans to hire two CTC students for summer employment. BN