BROOMALL, Pa. — Franklin Mint Federal Credit Union has recently opened the doors to its fifth student-operated branch in the Wallingford-Swarthmore School District at Strath Haven High School.
Attending the ribbon-cutting ceremony were Pennsylvania State Representative Bryan Lentz, Pennsylvania Senator Ted Erickson and Hilary Hunt, director of the Pennsylvania Office of Financial Education.
Seven Strath Haven High School students operate the full service financial institution three days a week under the supervision of FMFCU branch personnel. The six seniors and one junior are fully trained to process deposits and open free member checking and savings accounts. In addition, they promote the branch to their peers, faculty and staff through table day events where they distribute FMFCU literature and giveaways.
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"This is a day to celebrate," Hunt said from the podium. She conveyed that programs such as having student-operated branches in schools help prepare individuals for the real world because 19 to 24 year-olds are the fastest group heading into bankruptcy.
The high school branch is only open to those who normally have access to the school.
FMFCU's student-operated branches are part of its Partners In Learning program.
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