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Virginia CU sponsors school CU to educate students
HAMPTON, Va. (12/11/09)--A Virginia credit union is sponsoring a full-service student-run credit union inside Windsor (Va.) High School primarily to give students a financial education. Operated under the supervision of Hampton (Va.) Road’s Educators CU (HRECU), the Blue’s Gold Student-Run CU--a reference to the school’s colors--opened Oct. 30 (Daily Press Dec. 9). The move to place a credit union in the high school comes in advance of an initiative from the Virginia Board of Education that requires schools to teach personal finance classes in a proposed Standards of Learning for Economics and Personal Finance test, the newspaper said. The test will be effective for students entering the ninth grade in the 2010-2011 school year. The school credit union functions in the same manner as a regular credit union, allowing students, faculty and staff to make withdrawals and deposits, and cash checks Tuesdays and Fridays during the school’s three lunch periods, Stephanie Adams, HRECU marketing coordinator, told the paper. “We have lots of really good support from school staff and teachers,” she told the paper. “It gives us a chance to push for financial education.” Blues Gold CU, situated in the school’s main hall connecting the gym and cafeteria, is designed to help students learn how today banking is and lending works “before they go off to college and are left to fend for themselves,” Adams told the paper.
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