What is Locust Lane RCU?
Locust Lane Royal Credit Union is a student-run credit union and an exciting way for elementary students to save.
Who goes there?
Anyone can have an account, and once they do, they can get a pouch for that account. This pouch is used to hold their account card, deposit and withdrawal slip, cash, change and/or checks. Teachers collect the money pouches every morning.
|For every 500 student deposits our school gets a $250 prize.|
Locust Lane RCU is open to all kids that have an account at Royal Credit Union, even if they don't go to the elementary school. But only students in grades three through five at the Locust Lane Elementary School can be employees.
Depositors get prizes, and enter into drawings for savings bonds and other larger prizes.
First fill out an application
The first step of becoming an employee is filling out a job application. These applications are used to determine whether or not students are fit for the positions. These applications are realistic and request references and information on qualifying experience. They also list characteristics that would help us in our jobs.
Then go to the interview
|Few students who apply for jobs get interviews.|
|Only students in grades three through five can work in the credit union.|
For the public relations interviews, we have to create a sample poster for the grand opening. The questions we are asked pertain to how we would get kids interested in saving.
We train at the main branch
Job training is held in the downtown RCU office. Tellers are taught skills like how to use the computers to put money in the account. Public relations (PR) students are taught advertising techniques. They make posters and a "deposit counter" as a part of training too. After that, we're ready to roll!
Being a teller is awesome!
There are four stations in the teller position. They are:
- Greeter/pouch emptier: Greets students, empties money from pouches;
- Cash counter: Counts money to verify that the amount on the deposit ticket is correct;
- Computer worker: Deposits money into students accounts using a computer;
- Receipt ripper/ stamper: Rips student's deposit receipts and stamps their prize card.
Being a teller has its ups and downs, but ultimately it's awesome!
Good PR is the key
The PR's job is important. We have to get the other students to want to save their money.
We do this through posters and announcements. Locust Lane RCU is held every Thursday, so we do an announcement every Wednesday.
Kids want to save money
|Some younger students are just learning to read, so advertising posters need pictures.|
Since some of the younger students are just learning to read, so you have to put pictures on your posters too. Changing posters often is a good idea also.
When it comes to loudspeaker announcements, be creative! If you have a slogan that you really like, don't repeat it too often. It gets really dull. Instead, make up a new announcement every week, and only at last resort use the old "RCU is tomorrow!" announcement.
And we win prizes!
Students get small prizes every four deposits. Larger prizes are drawn every once in a while. Best of all, every 500 deposits our school gets $250!
Workers are rewarded at the end of the year with a pizza party at Pizza Del Re. (Yum!) When we have eaten all the pizza, salad, and pudding we possibly can, it's time for the certificates. Each employee receives a certificate and a cup with candy and ten dollars in it.
Even though all these things are wonderful, even better are the memories that go with it!
|A Day in the Life of a Credit Union Teller||Adding Interest to Savings||Should I save or Spend Now?|
FALSE. Lincoln's first pet was a pig. He liked to feed it acorns.
Click Abe's head for the answer.