School's student-run credit union teaches financial literacy
COLUMBIA, Miss. (AP) — A Mississippi high school is allowing some students to run an on-campus credit union in the hopes of teaching financial literacy at an early age.
WDAM-TV reports Columbia High School has partnered with Ferguson Credit Union to provide the union, which is one of only two student-run federal credit unions in the state. The president of the credit union's board of directors, Lynell James, says the business wants to help students learn about finance management before graduation.
Students in the program say they've learned valuable lessons regarding money management, confidentiality and professionalism. Principal Braxton Stowe says he hopes the approach inspires similar financial literacy programs throughout the state.
Information from: WDAM-TV, http://www.wdam.com