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INPRsI Weekend Edition features student CU
WASHINGTON (2/2/10)--National Public Radio’s Weekend Edition Saturday featured a story about a student credit union and also cited Credit Union National Association (CUNA) statistics about student credit union branches in schools. The story, “Cafeteria Credit Unions Teach Students Money Skills,” focused on Allegacy FCU’s student branch at R.B. Glenn High School in the Winston-Salem, N.C., area. NPR interviewed one of the branch’s tellers, Austin Dodd, 17, who said he’s learning to save his money instead of spending it. Dodd is taking a class that goes along with his teller responsibilities. He said he is learning about credit scores, the stock market and mortgages. About 700 student credit union branches are located in schools and youth clubs in 34 states, according to CUNA. Since 2007, the numbers have increased by one-third. Allegacy FCU, based in Winston-Salem, N.C., has $1 billion in assets. To read the article or listen to the audio version, use the link.
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