February 13, 2015 – Broomall, PA – Franklin Mint Federal Credit Union and Interboro School District celebrated the 10-year anniversary of the Interboro High School student-operated branch with a rededication ceremony. Those in attendance included FMFCU board members and employees, school district and high school officials, former and current student interns, and other dignitaries.
The School District began a partnership with FMFCU a decade ago to promote financial literacy and provide students with real life work experience. Student interns are trained like allredit Union employees. Under the supervision of an on-site FMFCU student branch coordinator, students are responsible for opening accounts, accepting check deposits, and promoting the branch within the school.
“Few of us learn how to manage our finances prior to adulthood,” noted Rick Durante, FMFCU vice president of education. “Our high school branches serve as financial laboratories where students learn about financial literacy, money management, banking, and job skills.”
The Interboro High School branch, located in Prospect Park, is open two days a week to faculty, staff, and students. It was the first of its kind and served as the prototype for the current six other high school student-operated FMFCU branches in Delaware and Chester counties.
“Having a branch within the high school raises awareness among students about the need for money management skills,” explained Bernadette Reiley, Interboro School District superintendent. “It offers a level of convenience and trust. Students and faculty know they are speaking with representatives trained to answer financial questions and provide helpful information.”