Aug. 22, 2024 _ Redstone Federal Credit Union joined with Murfreesboro school leaders Thursday to celebrate the opening of a branch inside Siegel High School that is fully operated by students.
Student staffers will gain real-life work experience, improve their financial literacy, and earn money while training. The branch is open to students, faculty, and staff at the school.
“We are grateful for our expanding partnership with Redstone Federal Credit Union,” Director of Schools Dr. Jimmy Sullivan said. “We are big believers in offering hands-on learning opportunities for our students so they can put into practice the skills they are learning in the classroom.”
Joe Newberry, Redstone’s President and CEO, said the Credit Union is excited that the partnership and collaboration with Rutherford school leaders have resulted in a second student-run branch. The program already operates at Blackman High School to great success.”
Mike Panesi, Redstone’s Tennessee Executive, says the program is a win-win for everyone!
“When you think about how much the students get from this partnership and how much revenue the schools can earn, it’s a win-win for everyone involved,’’ said Panesi.
Redstone has installed branches in eight high schools in North Alabama and Murfreesboro, TN. The Schools Program has won several state and regional awards for its innovative and practical approach to financial literacy.
In addition to promoting financial literacy, Siegel receives a specially designed debit card which allows students, staff, alumni, and fans to financially support the school. Each time a Redstone member swipes the Siegel debit card, Redstone gives money back to the school. So far, schools and community partners in the program have earned over $742,000 in revenue.
About Redstone Federal Credit Union
With more than $7.55 billion in assets, Redstone Federal Credit Union is the largest member-owned financial institution in Alabama and one of the largest federal credit unions in the nation by assets. Redstone is based in Huntsville, Alabama, and serves more than 780,600 members nationwide.
Chartered on November 28, 1951, Redstone Federal Credit Union has proudly served its members for 70 years and has 27 conveniently located branches across North Alabama and Tennessee.
Redstone Federal Credit Union provides a level of service that is not generally available at other financial institutions through its philosophy of – People Helping People.
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