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Student-run CUs in the limelight
MADISON, Wis. (10/2/09)--Several student-run credit unions were in the news Thursday. Two reports highlighted student run branches in an elementary school and a middle school. Another credit union announced the opening of two branches in local high schools. ABC news affiliate WJLA aired a feature Wednesday on Apple FCU, Fairfax, Va., which has a branch in a converted storage room at Saunders Middle School. There, sixth, seventh and eighth graders can learn the business by working in it. The station conducted interviews with credit union staffer Jamie Gatchell, seventh grade employees of the credit union, Prince William County school administrative officials and a parent. To access the report, use the resource link. Educational Systems FCU, Greenbelt, Md., opened a credit union branch at Lake Arbor Elementary School on Sept. 23, according to the Gazette and Washington Post (Oct. 1). Lake Arbor is one of eight county schools using the $313 million asset credit union's program, which allows students to open savings accounts and make deposits. Julio Martinez, a school financial education coordinator for the credit union, told the Gazette that 23 students opening savings accounts on opening day. He will visit the school every two weeks to collect student deposits. Use the link to access the article. Blackhawk Community CU, Janesville, Wis., in a press release Thursday, announced it opened two student-run branches in Janesville high schools on Sept. 1. The Cougar Student CU branch is at Craig High School and is open from 11:45 a.m. until 12:25 p.m. each day school is in session. Viking Student CU branch at Parker High School will be open 11:15 a.m. to 12:25 p.m. each day school is in session. The joint project between the Blackhawk Community CU and the schools are the result of two years' preparation. Celebrations were held Sept. 23 at Cougar and Wednesday at Viking. They are the 86th and 87th student-run credit unions in Wisconsin, according to Marketing Director Donna M. Wagner.
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