• 46°

Redstone opens student-run branch at Bob Jones High School

Update: It’s official — Madison City Schools now offers a banking branch to serve students and help broaden financial literacy in the schools. Madison City Schools Superintendent Robby Parker, Bob Jones Principal Sylvia Lambert, Madison Mayor Paul Finley, Madison City Board of Education President Ranae Bartlett and Madison Chamber of Commerce director Pam Honeycutt joined Redstone Federal Credit Union President-CEO Joe Newberry for a ceremonial ribbon cutting today.

 

MADISON – Madison City Schools has some of the best learning opportunities in the state. A recently addition to the school has expanded the potential for students to get a real-world, hands-on lesson in finances.

Redstone Federal Credit Union is celebrating its first credit union branch inside a Madison City School.

The Bob Jones High School branch opened in late August. A grand opening celebration and ribbon cutting will be held Wednesday at the school branch with local education and civic leaders.

Bob Jones is Redstone’s fourth high school branch and is operated by Bob Jones students with a teacher advisor. The students gain real-life work experience, increase their financial literacy and become eligible for a college scholarship from Redstone.

Student tellers take deposits, cash checks, handle cash withdrawals, and make money transfers.

“We are thrilled to open our first branch in Madison City Schools and from all indications, it is already a great success with an above-average number of transactions during its first week,’’ said Joe Newberry, Redstone’s President and CEO. “Once they have successfully worked in their school branches, students also have the ability to be hired to work in our branches during the summer months or after graduation.’’

Newberry credits the leadership of Madison City Schools Superintendent Robby Parker and his team for the branch opening.

“Superintendent Parker saw what this could mean for the students and partnered with us to make it happen,’’ Newberry said. “We’re looking forward to all the great things to come.’’

Parker said the in-school branch will help strengthen financial literacy for all students as they transition to life after high school, while also generating funds for the school system through Madison City Schools’ affinity debit card provided by Redstone.

Each time the specialty card is used, Madison City Schools earn money back.  Any Redstone member can request a debit card from their branch or online at redfcu.org.

“In addition to the banking service provided, this hands-on learning laboratory will expose students to careers in the business and financial services sector,” Parker said. “It’s exciting – not only for the students who will get real life work experience, but for the rest of the school in how it will help raise awareness in financial literacy.”

Redstone and Madison City schools hope to open a branch inside James Clemens, perhaps next year, to serve students and support the school district.

About Redstone Federal Credit Union  

With more than $5.1 billion in assets, Redstone Federal Credit Union is the largest member-owned financial institution in Alabama and one of the largest federal credit unions in the nation by assets. Based in Huntsville, Alabama, Redstone Federal Credit Union serves more than 453,000 members. Chartered on November 28, 1951, Redstone Federal Credit Union has 27 conveniently located branches across North Alabama and Tennessee.

 

James Clemens High School

Students explore U.S. Constitution in American Legion’s oratorical contest

Bob Jones High School

Ian Clough Explore the World Foundation perpetuates his philosophy

Bob Jones High School

“A Place I Wanted To Be”: Kelvis White Named Head Football Coach At Bob Jones

Business

March 14-15 Set For Trash Pandas Open Ticket Sales At Toyota Field

Lifestyles

A Valentine Story: Love can endure and never fails

Madison

Armed robbery committed at Arlington Park Apartments, suspect sought

Madison

Congressman Bradley Byrne to speak to Republican Women of Madison

Madison

WEEKEND WEATHER: Dry conditions expected over next few days

Madison

ATF offers reward in gun store burglary

Harvest

Gardener workshop to examine ‘Birds, Bats and Bees’

FRONT PAGE FEATURED

Madison Academy Has A Trio Of Football Signings

Huntsville

Innovate Huntsville 2020 to feature Technology Roadshow, entrepreneur options

Madison

$30,000 grant helping MCS gifted students explore the world of virtual reality

Madison

A Madison love story by historian John Rankin

Madison

Expected severe weather today raising concerns for flash floods

Madison

Madison Tractor Supply to host “Get Growing with Plant-A-Seed” event for area youth

Bob Jones High School

Bob Jones cadets earn scholarships for pilot training

Madison

Mayor Finley, city council celebrates women-owned businesses in Madison

Bob Jones High School

Local Wrestlers Qualify For State Tournament

Madison

Madison Police receiving several calls regarding residential mail theft

Harvest

Evanko explores changing landscape of families

Madison

Registration opens for ‘drawing’ of pre-kindergarten slots in MCS

Bob Jones High School

Former Bob Jones Star Athlete Named Interim Athletic Director At Vanderbilt University

Madison

Flood concerns heighten this week with expected rainfall and severe storms

x