Estimated read time: Less than a minute
PROVO, Utah (AP) -- Students at Provo High School can now get experience running a credit union without leaving school.
Utah Community Credit Union is opening a student-run branch at the school today.
The educational branch is the first of its kind in Utah County, and will be run by students for students. Brad Norton, vice president of marketing at UCCU, says the goal is to help students learn fiscal responsibility and lower future bankruptcy rates.
The in-school credit union will be open for an hour each day during the lunch hour.
Students will be able to open checking, savings and money market accounts, and can also receive a check card. Parental consent is necessary for checking accounts and check cards.
Norton says the students also can't apply for a loan or credit card through the branch.
Information from: Daily Herald
(Copyright 2007 by The Associated Press. All Rights Reserved.)