Student-run credit unions are a great way for youth to establish a healthy banking relationship and learn leadership skills.
San Antonio, TX (PRWEB) September 19, 2012
The student-run branch opened in February as part of a Financial Literacy Partnership with Northeast Independent School District’s Ronald Reagn High School. The program includes a student-run credit union branch and curriculum support in financial literacy.
Students are hired by the Credit Union and receive the same level of training as other front-line staff. “It’s amazing working with these students,” said Branch Manager, Diane Bacon. “We’ve given them an opportunity to run their own credit union branch right at their school and they’re doing a fantastic job!”
According to NerdWallet, “Student-run credit unions are a great way for youth to establish a healthy banking relationship and learn leadership skills.”
Plus, students can take advantage of the Credit Union’s free Cash-Back checking account. The account comes with access to 50,000 free ATMs in the United States and Mexico – including the one on campus which is wrapped with a “Rattler” the school’s mascot. The mascot is also on the student’s debit card.
“Establishing a student-run branch of the Credit Union reflects our roots in education and our commitment to the community,” explained Leon Ewing, President/CEO of Firstmark Credit Union. “It’s been a great way to teach students about managing their money.”
About Firstmark Credit Union
Firstmark Credit Union provides financial services to anyone who lives, works, worships or attends school in Bexar County, as well as education-related employees in Bexar County and the 12 surrounding counties; and their relatives. Established in 1932, the Credit Union serves over 91,000 members and manages more than $749 million in assets. For more information, go to firstmarkcu.org.