March 6, 2006
Voom Credit Union
Members Statements [click to view video]

M. Polak: Today it is my pleasure to describe to this House a community partnership that is helping elementary students understand money management in a very practical way. In my riding of Langley, Envision Credit Union and Langley Montessori School have partnered to establish a kids credit union called Voom. The Voom Credit Union was established with a contribution from Envision Credit Union.

          On banking days at the school, student tellers serve the student account holders, who have access to a range of services similarly available in a typical Envision Credit Union. The operations of the Voom Kids Credit Union are overseen by a student board of directors led by a student CEO. Essentially, this is a credit union run by kids for kids.

          The student board of directors for Voom meets regularly with representatives of Envision Credit Union to discuss policy and governance related to the kids credit union. With the support of Envision Credit Union, the students at Langley Montessori School are learning firsthand the importance of careful money management and saving for the future. Voom Kids Credit Union is an asset to Langley Montessori School and an example of an innovative way to teach valuable life skills.