Students are running a new credit union branch in Scottsboro

There’s a new credit union in Scottsboro, Alabama, but it’s not your typical bank. The Redstone Federal Credit Union Scottsboro High School Branch is a branch run by students and serving students. Here’s what you need to know.

The new student-led branch helps with financial literacy

While a high school bank may seem like a novel concept, this is actually Redstone Federal Credit Union’s eighth one in Alabama.

According to a report from WHNT, the new Scottsboro location is run by eight Scottsboro High School students, seven seniors and one sophomore. During the summer, these students trained to be able to run the branch under the supervision of Malinda Sommers, a teacher at Scottsboro High School.

These students will jump-start their careers with real experience and training. Plus, they’ll earn some money in the process. But this isn’t just a pretend branch.

Faculty and staff will be able to use the branch, and students will be able to visit during lunch to open accounts, cash checks and more.

Other high school branches in Alabama

Redstone Federal Credit Union’s student education financial program is robust, now with eight locations.

• Bob Jones High School
• Hazel Green High School
• Decatur High School
• Blackman High School
• James Clemens High School
• Hartselle High School
• Austin High School

“At these branches, students get hands-on experience to complement their classroom instruction.

Once they have successfully worked in their school branches, they also have the ability to be hired to work in our branches during the summer months or after graduation.’’

Joe Newberry, CEO, Redstone Federal Credit Union (press release, 2018)

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