Student Banking

Student Banking

A free bank account for students with a debit card, parental controls, and tools you can use to help teach your teen smart money management for financial success.

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Checking & Savings

Student Banking from Arrha Credit Union is a joint account for parents and students, giving students the chance to manage their money while learning about budgeting and how to save.

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Manage Your money, Your way.

Spend with Apple Pay and Google Pay, send and receive money instantly, manage your money with ease from the Arrha Mobile App.

Student Financial Success

Alex

Love my Arrha teen checking and savings accounts! I'm learning how to save and manage my money to buy material to make and sell handmade jewelry.

Michael

I'm learning good money habits on how to balance my checking account with a debit card, and how to use Apple Pay and manage a digital wallet.

Home Equity Loan

Use your home equity to refinance or pay off educational loans is one way you can refinance student debt so that it is easier to pay off. 

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Anthony J Serafino Scholarship

2025 Applications Now Available!
Download Scholarship

Anthony J Serafino Scholarship 2025 Applications Now Available!


Arrha Credit Union’s Scholarship Committee will be awarding four (4) $1,000 scholarships


Eligibility: See Download Scholarship for more details. 
REQUIRED QUESTION TO ANSWER: Students must submit a typewritten essay in 500 words or less on the following topic: “How has a failure or setback in your life shaped who you are today?”

Information regarding eligibility for these scholarships is listed below.


  1. Completed application.
  2. Eligibility is limited to high school seniors who will be enrolled in an undergraduate college degree program during the 2024-2025 academic year.
  3. Applicant or parent/guardian must be a member of the sponsoring credit union.
  4. List of extracurricular school activities and community service.
  5. An official high school academic transcript of grades, including midyear/first semester senior grades, completed by their counselor.
  6. Standardized (SAT, ACT or both) testing scores (either on official high school transcript or a copy from a testing agency).
  7. Each applicant must complete a current 2025 Scholarship Application form and submit it no later than Monday, March 3, 2025, by close of business, with the other required material(s) to:
     
    Arrha Credit Union
    Attention: Scholarship Committee Chair (in care of Amy Waddell)
    145 Industry Avenue
    Springfield, MA 01104


The Scholarship Committee will select the scholarship winners evaluating each applicant on the same criteria: academic achievement, extracurricular/community activities and essay.

Please read the application carefully and submit all items requested. Failure to submit any of the pieces requested will result in disqualification of your application. All application questions must be answered in order to qualify.


Scholarship winners will be selected by no later than Monday, March 10, 2025 and will be contacted by telephone shortly thereafter. Non-winners will also be notified by mail. An awards ceremony will be held at the annual meeting on Tuesday, April 1, 2025 and we ask that all winners be present.


If you have any questions pertaining to the application, please contact Amy Waddell at [email protected] or at 413.205.2012. 



Below are 2023 Anthony J. Serafino Scholarship Recipients
2022 Anthony J Serafino Scholarship Recipients

Picture (L-R): Michael Ostrowski, President & CEO; Jodi Turati, Director & Scholarship Committee Chair; Elizabeth Mickens, The Springfield Renaissance School; Todd Cieplinski, Chairman; Sydney Dodds, Springfield Central High School, Hope Christian Clark, Suffield Academy; Alexandra Cieplinski, Suffield Academy; and Patrick Cowles, Minnechaug Regional High School.

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