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Youth Services

Youth Services

At HomeTown Credit Union, we know how important it is to shape our youngest members into financially responsible adults.

We’re committed to educating our youth in many different ways—from offering youth accounts that help teach real-life money management skills to student run operations that help teenagers learn integrity in the workplace and the importance of saving.

In September of 2011, we partnered with the Owatonna High School to introduce the first-of-its-kind student-run branch.

Each day, this branch is open to students, administration and staff over lunch breaks and offers regular branch services like withdrawals and deposits.

In addition, this unique branch:

  • Encourages all students to save
  • Serves as a model for financial responsibility
  • Provides employment and mentorship opportunities
  • Offers a partnership with teachers to collaborate and provide curriculum enhancements

In addition to regular branch services, our HomeTown employees take the opportunity to:

  1. Present financial literacy classes for topics like:
    • Financial aid and student loans
    • How to use a savings and checking account
    • How to build and maintain good credit
    • Investing and planning for the future
    • Fraud and identity theft
    • Employment and interviewing skills
    • And much more
  2. Serve as S.T.R.I.V.E Mentors. S.T.R.I.V.E, or Students Taking a Renewed Interest in the Value of Education, focuses on helping students set goals to improve and be successful in the future and is sponsored by the Owatonna Rotary program.
  3. Serve as Junior Achievement Volunteers.  Junior Achievement aims to prepare students to succeed in school and beyond by teaching them about the impact that they can have in the world around them.
  4. Assist the DECA program. DECA focuses on teaching students to be academically prepared, community oriented, professionally responsible and experienced leaders while centering on the themes of marketing, finance, hospitality and management.

The team members of HomeTown Credit Union, including its student-workers, have reached over 800 students over the past two years with financial literacy education, which has a direct impact on the financial success for the rest of the student’s lives.

Every year, HomeTown Credit Union offers our wonderful student members the chance at earning scholarships to help them in their future education goals. See below for what is currently available.

HomeTown Credit Union Yearly Scholarships

*The application period has ended for this scholarship. Please visit our site in the fall for the new application period.

When the application period is open, we offer:

  • Two $1,000 scholarships
  • Two $500 scholarships

To be eligible, applicants must:

  • Be in good standing at HomeTown Credit Union for at least 6 months prior to application*
  • Be a graduating high school senior pursuing post high school education for the upcoming school year
  • Plan to attend a private or public college, university, community college, or technical college accredited by the U.S. Department of Education

To apply, applicants are asked to fill out an application form.

Applications are due by April 8, 2022.

*Applicants must be a member of HomeTown for 6 months to be eligible for this scholarship.

Minnesota Credit Union Foundation Scholarships

*The application period has ended for this scholarship. Please visit our site in the fall for the new application period.

The Minnesota Credit Union Foundation program awards sixteen $1,000 scholarships for a total of $16,000! HomeTown is a Minnesota Credit Union Network affiliate and therefore all of our qualifying members are eligible to apply.

To be eligible, applicants must be either:

  • Pursuing post-secondary education in the fall 2022/spring 2023
  • Be a high school senior graduating in 2022.

To apply, applicants are asked to answer the following essay question: How did the way you interact and communicate with businesses change during the pandemic and what would you like to see continue in the future? From these experiences, what suggestions do you have for your credit union?

Applications are due by November 30, 2021.

Education can be a door to your future — Let us help you open it.

Everyone knows that higher education can be a door to future endeavors, but let's face it, the cost of a college degree is daunting. From tuition, textbooks, food, and housing, the dollars add up!

HomeTown is here to help with our Private Student Loans. Easily apply online and you'll be on your way to covering all qualified educational expenses. Whether the loan is paying for your whole tuition or the gap between your federal financial aid, HomeTown's Private Student Loans can help you be successful.

Private Student Loan Program

HomeTown offers Private Student Loans through our partnership with cuStudentLoans, a credit union managed network.

With Private Student Loans, you get:

  • Coverage for all qualified educational expenses at competitive interest rates, and with good grades, potentially lower rates
  • A fast online application with no origination fee
  • Borrow what you need and manage your account entirely online

Learn More About Student Loans and Apply

Private Student Loan Consolidation

Consolidate and refinance one or multiple student loans into one—with a potentially lower interest rate.

  • Simplify your payments into one monthly payment
  • Consolidate federal and private student loans
  • Competitive rates with extended repayment term
  • Cosigner release available after 12 on-time principal and interest payments
  • Interest-only payment options available

Learn More About Student Loan Consolidation and Apply

Youth Accounts

HomeTown’s here to help you get them started off on the right financial foot.

We know how important it is to teach our youth the value of saving a dollar—and our youth accounts are designed for just that.

Kirby Kangaroo

A kid’s account that makes money fun! Kirby will show your kids saving tips and what it means to be responsible with money.

  • Perfect for kids 11 years or younger
  • Price incentives for every $25 saved
  • Birthday letter
  • Kirby activities like printables, jokes and more

Steps Accounts for Teens

When it’s time to grow out of the kid’s stuff, Steps Accounts is what’s next. This account introduces your teen to basic money management and teaches financial responsibility.

  • 6 month no-minimum Share Certificate
  • Cinch up Your Savings Share Certificate
  • Access Money Market Savings
  • Free Checking Account
  • Debit Card

Credit Builder Loans

Credit Builder Loans are the perfect way to introduce financial responsibility through a loan payment. These loans are great ways to save up for a new phone, computer or even a down payment on a car.

  • No cosigner required
  • Borrow any amount from $500 to $3000
  • 12 month repayment term
  • Proceeds are frozen in a savings account and available to be accessed once the loan is paid in full

For more information on Youth Accounts, visit any branch to speak with a Credit Union Representative.

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