Lake Catholic High School students in Mentor, Ohio, are receiving a bottom-line lesson in finance by co-operating a credit union on-site at their school thanks to the $166 million Cardinal Community Credit Union.
The branch, which the credit union said is the first of its kind in Northeast Ohio, will offer students a chance to not only frequent a credit union on their campus, but it will teach them about financial literacy, said Cardinal CEO Christine Blake. "We want the students to be able to have a hands-on experience and introduce them to the mindset that being financially smart is more than learning to balance a checkbook."
Officially co-branded as the SmartStart Cougar Branch, the operation is located in a kiosk on the campus of about 800 and will be staffed by Lake Catholic student volunteers. The campus CU will be under the supervision of Cardinal and run by teens who applied for the job with Cardinal's human resource department.
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