Credit Union High School Branches Give Teens Access to Financial Education
February 1, 2011
March 1, 2011
Editor’s note: After this report initially ran on March 1, 2011, Northwest credit unions previously not counted in CUNA’s survey of high school branches notified Anthem staff to have their high school branches included in this report. If your credit union operates a school or youth center branch and it was not included in the CUNA survey, visit CUNA & Affiliates’ Youth Credit Union Branch Directory. You can use the form to update or correct errors in an existing directory entry or to add your in-school or youth center branches to the list. All CUNA branch information is self-reported by credit unions.
Northwest credit unions made it on to a distinguished top-10 list recently for the number of its credit unions operating in-school branches. Ranked seventh and ninth, respectively, Oregon boasts eight credit union operating branches in 34 schools, while there are 10 Washington credit unions operating branch offices in 26 schools across the state.
Nationally there are 248 credit unions maintaining branch offices in 940 schools, all of them student-run to some degree.
“The mission of credit unions is to serve their members; nothing more, nothing less,” said Northwest Credit Union Association President John Annaloro. “Sometimes that means adding additional financial products and services; other times serving members means opening new branches to add convenience.”
Any way you look at it, in the quest to serve members, credit unions will not tire, they will not falter, and they will not fail. This is why it comes as no surprise that Oregon and Washington credit unions have earned their way onto the extraordinary list of credit unions serving the needs of teens and young adults, as well as teachers, by partnering with local school districts to open high school credit union branches.
There are numerous benefits that these high school branches provide students and teachers, including access to credit union educators and complete financial education curriculum, access to jobs and job training, and of course a very convenient credit union branch.
“The partnerships between schools and credit unions serves mutual best interests,” added Annaloro. “In tight budgetary times when financial education classes are needed, school districts can count on their credit unions not only teaching expertise, but a complete financial education curriculum that is customizable according to the school’s needs.”
Oregon credit unions operating in-school branches include:
- Chetco Federal Credit Union: 9 elementary school branches, 1 middle school branch, 3 high school branches
- First Tech Federal Credit Union: 1 high school branch
- MaPS Credit Union: 3 high school branches, 1 college branch
- Northwest Credit Union: 3 high school branches
- Oregon Metro Federal Credit Union: 1 high school branch
- Rogue Federal Credit Union: 3 elementary school branches, 4 high school branches, 4 youth center branches
- St. Helens Community Federal Credit Union: 1 high school branch
- TLC Federal Credit Union: 1 high school branch
Washington credit unions operating in-school branches include:
- BECU: 1 high school branch
- Gesa Credit Union: 2 high school branches
- iQ Credit Union: 5 high school branches, 2 college branches
- Kitsap Credit Union: 3 high school branches
- Sno Falls Credit Union: 1 high school branch
- TwinStar Credit Union: 1 high school branch
- Washington Credit Union: 1 high school branch
- Woodstone Credit Union: 2 high school branches
- Yakima Valley Credit Union: 1 high school branch, 1 middle school branch
Posted in Federal.