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IKiplingersI fin ed article highlights school CU branches
MADISON, Wis. (9/30/11)--Credit union branches placed in schools to help students increase their level of financial literacy were highlighted in a Sept. 21 article posted on Kiplinger.com. WESTconsin CU, a $727.5 million asset, Menomonie, Wis.-based credit union,leads off the first few paragraphs of the article, “Teaching Savings to Kids in Schools,” by Chris Farrell, a contributing columnist to Kiplinger.com. “Unlike in many schools, its students can stop at a credit union branch housed in a narrow, windowless former storage closet,” he wrote. “The high school branch of the WESTconsin credit union is open for business three days a week from 11:30 a.m. to 1 p.m., and some 100 students have an account there.” The student credit union at Hudson High School in Hudson, Wis., is “a way to promote financial literacy at a young age,” Jim Wookey, WESTconsin vice-president, said in the article. “The branch makes saving real,” Melisa Hansen, the district’s school career counselor, told Kiplinger. Credit unions have hundreds of school-based branches nationwide, and the fact that they are making a comeback is “heartening,” Farrell wrote. There are 250 credit unions with 953 in-school branches nationwide. Those 250 credit unions represent 44 states, according to the Credit Union National Association. To read the article, use the link.
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