Limestone FCU Launches Matched Savings Program, with Support from a Grant Through the Michigan Credit Union Foundation, to Help Students Build Emergency Funds and Better Financial Habits
Limestone Financial Credit Union (Limestone FCU) is proud to announce the launch of its new Matched Savings Program, with support from a grant through the Michigan Credit Union Foundation (MCUF), designed to help high school seniors and college students build better financial habits—while growing their emergency savings with support from Limestone FCU.
The 12-week program, available exclusively to students who have completed or are currently enrolled in Limestone FCU’s Adulting 101 course, offers participants a chance to save up to $204—and have it matched dollar-for-dollar by Limestone FCU, for a total savings of $400.
“This is more than a savings challenge,” said Jennifer C. Watson, CEO at Limestone FCU. “It’s a hands-on learning experience that helps students build financial confidence and walk away with a meaningful safety net.”
Here’s how it works:
- Participants save up to $17 per week for 12 weeks.
- The credit union matches those savings each week.
- At the end of the program, participants will have $204 of their own savings, plus $204 in matched funds.
- Matched funds are deposited into a Stash Save Account and held for 6 months post-program.
- In addition to saving, students will check in bi-weekly with the Branch Manager and complete a short 250-word reflection to wrap up the program.
Eligibility requirements include:
- Completion or enrollment in the Adulting 101 course.
- Status as a high school senior or college student.
- Employment with proof of income.
- Credit union membership in good standing.
- Bi-weekly check-ins with the Branch Manager.
- A short, 250-word reflection at the end of the program.
The program is open to the first 25 qualified students, so early registration is encouraged.
Why it matters:
According to recent studies, 37% of Americans would not be able to cover a $400 emergency expense using cash (FederalReserve.gov¹). The Matched Savings Program aims to address that by offering students practical tools, structured support, and real financial impact.
For more information and to enroll in the program, visit limestonefcu.com/matched-savings-program/ or direct any questions to Sophie Shepard, Branch Manager and Loan Officer, at sshepard@limestonefcu.com.
Cited Sources:
¹Board of Governors of the Federal Reserve System. (2024). Economic Well-Being of U.S. Households in 2023. Washington, D.C.: Board of Governors of the Federal Reserve System. Retrieved from https://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023-expenses.htm.
