RFCU Hartselle HS BranchA ribbon-cutting is Monday, Sept. 25, to celebrate Redstone Federal Credit Union's first 'branch in the school.' The branch opened earlier this month in Hartselle High School and is operated totally by students.    

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

September 21, 2017

RFCU Hartselle HS Branch

Can you imagine a credit union branch in your high school?

Well, the Hartselle High School students can. The Hartselle High School Branch, powered by Redstone Federal Credit Union, opened for business on Sept. 5, 2017.   

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.  

RFCU 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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Equal Housing LenderThis credit union is federally insured by the National Credit Union Administration.

Redstone is an Equal Credit Opportunity Lender.

This content is provided for informational and educational purposes only and considered accurate as of the date posted. Views and opinions expressed in comments do not constitute an official endorsement by Redstone Federal Credit Union® or its affiliates. Redstone encourages you to seek professional advice for your personal situation before making any financial decision and is happy to assist you at any of our branch locations.

Must be RFCU® member to obtain or use any product or service. Must open a share savings account to join RFCU. A $5 minimum balance is required to open a share savings account and must be maintained in the share savings account at all times. Age and other restrictions may apply.