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Student Run Credit Union Branch re-Opens at New Dundalk High School

Tue, Nov 5, 2013

Lutherville, Maryland

A ribbon cutting ceremony was recently held at the new Dundalk High School in Baltimore County to mark the official re-opening of the first student run branch of First Financial of Maryland Federal Credit Union.  The original branch was opened inside the former school building in 2006 and gives high school students the real world experience of working at a credit union and learning important financial literacy lessons.

The Owl Branch, named for the Dundalk High School mascot, serves students, faculty and staff of the High School.  It is open for business every day, during lunch hours and is run by 6 senior classmen and a faculty advisor.   The services available at the branch include account opening, deposits, limited cash withdrawals and information about the services of First Financial FCU.   The student-run branch operates in an off-line environment with final processing of transactions taking place at a nearby full service branch of the Credit Union.   “This is a great opportunity to work with high school students and the school system to teach the importance of basic personal finance skills,” said Rob Windsor, President/CEO of First Financial FCU.  This initiative is one of many youth programs First Financial FCU has in place to address the growing need for financial literacy among high school students.  First Financial currently has four other student run branches inside schools within their field of membership.  The Credit Union also works in conjunction with all high schools within their field of membership to teach classes on financial matters such as credit management, maintaining a checking account, understanding credit & debit cards and choosing a financial institution.  They are also the sponsor for the Woodlawn High School Millionaires Club.

First Financial of Maryland Federal Credit Union is the Credit Union for the Baltimore and Carroll County Public School systems (employees, students & their parents) as well as many private schools, colleges and businesses in the Baltimore and Carroll County areas.  Established in 1953, First Financial FCU currently serves more than 59,000 members with nine branch locations.                                                                 

Photo: The ribbon cutting ceremony officially re-opened the new high school branch. (Pictured from left to right: Page Menefee (Owl Branch faculty advisor), Tyler Trojan, Kateland Otano, Carl Moss and Jacob Bass (student interns), Rob Windsor (First Financial FCU President/CEO), Carla Lopez and Vanessa Ward (student interns), and Tom Shouldice (Dundalk High School Principal)