Students of Metro Tech’s Banking and Financial Services program are teaming up with Canyon State Credit Union to operate the first student-run, on-campus credit union in Arizona. With the theme of Building Smart Money Managers, the Metro Tech Branch will hold its Grand Opening, Tuesday, September 29 at 10:30 a.m.
The Metro Tech Branch will offer financial services for students, faculty and staff members served by student volunteers under the supervision of Canyon State management and personnel. These Career and Technical Education (CTE) students will receive On the Job Training (OJT) credit. Interested students were interviewed, and six students were “hired” and trained for the semester-long positions.
The branch will be open on days when Metro Tech is in session, but limited to eight hours per week: Monday and Wednesday, 1:30 - 4 p.m.; Tuesday and Friday, 11:30 a.m. - 12:30 p.m. and Thursday, 7:30 - 8:30 a.m.
Students can become credit union members by opening a savings account with at least a $5 deposit. Staff members can join with a $25 deposit. Free checking and ATM Debit cards are offered, however, students must have parent/guardian permission and credit approval. No loans will be processed at the campus branch, and withdrawals will be limited per day. However, members have access to five other Canyon State Credit Union branches in the Valley. The closest is the Osborn Branch, at 2440 W. Osborn Road, a few blocks from campus.
The Metro branch will also offer members entertainment discounts and club savings accounts so students can put money aside for such things as the prom, a class ring, college, computer or a car.
“I am thrilled to be able to give students this opportunity to gain work-based learning experience through on-the-job training at this branch,” Banking and Financial Services Instructor Barbara Renner said. “Part of this partnership will be a financial literacy program for the students at Metro Tech. The Banking students will be instrumental in educating the student body by teaching the benefits of having a savings account, the responsibility that accompanies having a checking account, and the basics of consumer lending.”
“Canyon State Credit Union is excited about the opportunity to open a branch at Metro Tech High School and help bring real world experience to the students,” Canyon State President Steve Dunham said. “Credit unions are committed to the philosophy of “People Helping People” and we look forward to a mutually rewarding relationship promoting financial education and helping the students prepare for their future.”
Metro Tech’s Banking and Financial Services is a two-year Career and Technical Education program that prepares students for entry-level positions in banks, credit unions, insurance companies and retail businesses.
Canyon State is a full-service, federally-insured state credit union with more than 23,000 members and over $140 million in assets. Now with seven branches, it has served Arizonans for 57 years.
Source: Phoenix Union High School District
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