A credit union branch operated by students in their high school is a first for Redstone Federal Credit Union, as the newest branch has opened at Hartselle High School in Alabama.
The first transactions at the school branch were made last week, in the library of Hartselle High School.
Two teachers and five high schools students received two weeks of summer training. The mini-branch can handle nearly all the transactions of a full bank, while monitored by supervisors from the credit union, in person and remotely.
"We see so many young people today that really need financial education," said RFCU President & CEO Joe Newberry. "We thought it was a great way of people helping people and getting students involved."
One of the first transactions with the young tellers was made by Hartselle City Schools Superintendent Dee Dee Jones. "I opened a checking and savings account," said Jones. "One of the students walked me through that process."
Jones expects that soon RCFU will offer a Hartselle Tigers debit card. She is also excited about the opportunity for students to have job experience and learn financial literacy.