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News Now

CU System
Former high school utility closet now a CU branch
EWING, N.J. (11/1/10)--At Ewing High School, a former utility closet has become a credit union branch location with a student intern serving as its manager, reported the Trenton, N.J. Times (Oct. 27). This is the first student-run branch to be opened by Credit Union of New Jersey (CUNJ). “The concept of a student branch is not unique, per se, but they are not that common," said Andrew Jaeger, CUNJ president/CEO. “The residents of Ewing should be proud of the leadership and the foresight this district has taken.” The new branch is connected to the school’s senior experience program and a new financial literacy program. “They’re learning the theory in class and putting it to practice in the branch,” said Garret Komjathy, director of the division of banking of the State Department of Banking and Insurance. Ewing High School senior Will Burnett will run the branch on Tuesdays and Thursdays as part of his internship that provides experience and course credit. Students, faculty and staff will be able to make deposits and withdrawal funds from checking and savings accounts.


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