Redstone opens first 'branch in the school' at Hartselle High School

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Redstone opens first 'branch in the school' at Hartselle High School

4 Oct 2017

Redstone opens first 'branch in the school' at Hartselle High School

Each new breach of credit or consumer data reminds us that protecting our identity should be a priority for everyone in the family.
Staying safe online is now a big part of our everyday lives. Review your personal and your family’s digital habits and make smart decisions to help protect personal information from fraudsters and identity thieves.  

Did I mention that it’s totally operated by students, with oversight from the school’s Finance Academy instructors?

The Hartselle Chamber of Commerce, Hartselle school board and Redstone will hold a ribbon-cutting at the new branch on Monday morning to share their excitement with the community.  

“Our goals with the Schools Program are to build partnerships and relationships with the schools and to advance financial education. It is also an opportunity to find future employees among the students as they experience the working world,’’ said Joe Newberry, Redstone’s President and CEO.

Redstone invited five students and two teachers to spend time training this summer so that they would be ready to take deposits, cash checks, offer gift cards, make transfers and much more when the branch opened.  

Hartselle HS BranchThe credit union branch is located in the library where comfy sofas fill the space and the smell of fresh brewed coffee waifs over from the student-run coffee shop. At this time, the branch is only open during lunch hours.

Principal Jeff Hyche said the benefits to Hartselle students are two-fold.

“For the kids working in the branch, it’s their capstone project. Most are seniors and this experience is invaluable,’’ Hyche said. “For all other students, it’s about teaching them how to handle their finances. We are really trying to market this to parents as a time that students can learn all aspects of financial management.’’

Redstone will also offer financial education workshops for students and staff throughout the school year.

Students, 17 and under, must have a parent or guardian’s permission to open a savings or checking account and must be joint on the account.

Withdrawals are limited to $300 per transaction and deposits cap at $2,000 per transaction.   

“We are excited about this partnership and believe the community will reap the benefits of a financially prepared generation,’’ said Newberry.

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