Atomic Credit score Union, Fayette County’s latest monetary establishment, has partnered with the Washington Court docket Home Metropolis College District to carry a “student-run” credit score union into three of the district’s 4 educational buildings this college yr.

Cherry Hill could have a credit score union within the college, however it won’t be run by college students. Starting in fifth grade, college students can undergo an interview course of with an worker of Atomic Credit score Union. College students which might be employed will assist work on the college credit score union, the place their friends can deposit and withdraw actual cash to and from these accounts.

This proposal was handed at Monday’s college board assembly. WCHCS Superintendent Tom Bailey spoke about what this implies.

“Every of our buildings could have a credit score union inside it that may have banking hours as soon as every week. They are going to be actual financial institution accounts, so the scholars might go to any Atomic Credit score Union within the state. They are going to put employment purposes out on the colleges. So, fifth graders might apply after which sixth by way of eighth on the center college and ninth by way of 12th for highschool, Atomic Credit score Union will are available and do all of the interviews,” he mentioned.

Atomic Credit score Union has student-run credit score unions in near 50 college districts within the state, in keeping with Bailey.

He continued, “Atomic Credit score Union has the most important student-run Credit score Union within the state of any monetary establishment. It’s a fairly good deal, they supply all the things. They supply an worker to be there with the children to show the talents, so there’s actually no work, we simply have to offer the area. They supply the tellers; they supply the financial institution books. They supply an app for the scholars in order that they will do on-line banking. If the scholars have a birthday examine at house, they will make a deposit by taking an image of it. It’s an actual account, they usually even give them two {dollars} to open it up.”

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