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IUSA TODAYI Student branches dispense financial sense
NEW YORK (4/2/10)--Students across the nation are getting hands-on financial experience through credit unions and banks operating in schools, says a prominent story in Thursday's USA TODAY. While the Federal Deposit Insurance Corp., told USA TODAY that banks have several dozen in-school branches, "the number of credit unions partnering with schools is even greater (than banks); there are at least 324 credit union in-school branches" tracked by the National Credit Union Administration," the national publication said. Working with schools is an opportunity to promote financial literacy, an area of weakness in school systems, Janine Williams, vice president of marketing at the University of Virginia Community CU, Charlottesville, Va., told the newspaper. "It fits our vision of improving the financial lives of our members and our community," she said. The article also noted that since an in-school branch of Appleton, Wis.-based Community First CU, opened in December at Jefferson Elementary School, 125 savings accounts have been opened. The student credit union is run by fifth and sixth graders. Use the link for the full article.
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