1. Student Run Credit Unions

2. “Helping members make smart financial choices”
Looking back : It all began with a mission
Helping members make smart financial choices isn’t about our products or expertise. It’s about how our products and expertise can contribute to our members’
financial and personal success.
Making smart financial choices is something everyone can do: the teenager, the retiree, people who rent or own, individuals and organizations, the person who lives paycheck to paycheck or the person who makes more in a month than some people do in a year.
Statistics and member experiences show a very real need for financial education. As a credit union we feel that it is our responsibility to use the knowledge we have to help the people we serve.

3. 2008
August 2008, the first student run credit union at the high school level in the state of NC
Principal at the time “While all of the educators and administrators here at Reagan appreciate the importance of studying subjects like history, science and language, we also recognize that financial literacy is an essential part of delivering our Reagan Raiders a well-rounded education.”
Ribbon cutting, press conference, and grand opening attended by Congresswoman, State Superintendent of Public Instruction, and Winston-Salem/Forsyth County Schools Superintendent (Those relationships have proven instrumental as we have continued on)

4. Currently
Allegacy’s first SRCU opened in August 2008 at Reagan High School-Raider Student Credit Union
Atkins January 2009-Atkins Student Credit Union
West Forsyth fall 2009-Titan Student Credit Union
Robert Glenn fall 2009-Bobcat Student Credit Union
Mount Tabor August 2010-Spartan Student Credit Union
Reynolds August 2011-Demon Student Credit Union
North Forsyth July 2012-Viking Student Credit Union

5. Structure Events and Education Performance
Open 3 days a week during lunches for students and faculty to open new accounts, make deposits, withdrawals and transfers. Operated by students in the Business Advanced Studies program.
Events and Education
Open House events with public figures-school board, political figures, etc. Speaking opportunities for the SRCU students; Allegacy employees’ partner with students at each school’s freshman orientation to pass out information/speak to parents; membership drives; PTA/PTO presentations with students. Financial literacy workshops.
Performance
Each school is given a goal for new members per year. The schools are performing at an average of 215% of goal, with 135% being the lowest.

6. Hands-on Learning Approach Develops Pride and Self Esteem
Community Partnership
Financial Literacy
This program is a unique way for students to gain hands on financial services experience while in their school environment. Each student is taught the basics of teller operations and member services to acquire the same skills required by the credit union for its own personal staff. This training provides the student with a sense of pride which develops their self-esteem. They learn the responsibilities of handling cash, confidentiality, professionalism, computer skills and marketing.
This program allows Allegacy to partner with the local schools in our communities to assist in the education of the youth in financial literacy. Allegacy is committed to the communities in which it serves. Allegacy provide financial literacy classes for the students both onsite at the school and offsite through The Center for Smart Financial Choices.

7. Responsibilities of Allegacy Equipment Training & Education Courier
Bonding and Insurance
Ensure integrity and long-term viability
Feedback to administration
Contacts for the School
Equipment- software, supplies, signage, computer with Internet access, phone, cabinet for cash drawer, school logo polo shirts, etc.
Training & Education-training is held twice a year for Teachers and Students at Allegacy-Allegacy provides all materials, bonding information and lunch
Courier-Allegacy provides courier services for transactions; courier arrives at the end of lunch
Bonding and Insurance
Long-term viability-Allegacy puts together comprehensive marketing and membership plans for each year
Feedback to administration
Contacts for the School-Allegacy provides administrative contacts and Financial Center contacts for each school

8. Responsibilities of School Adequate Space
Support within Students and Faculty
Reinforcement with Marketing
Faculty Liaison
Adequate Space-secure and easily accessible to students
Support-we are excited and passionate about our partnerships and want to see that passion extend to the students and faculty at the school
Reinforcement with Marketing-promoting the Student Run Credit Union within the school
Faculty Liaison-work out the schedule, ensure the confidentiality of the information and work out the selection of the students that participate in the program