Student credit union shows growth in just three months - WBTV 3 News, Weather, Sports, and Traffic for Charlotte, NC

Student credit union shows growth in just three months

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CHARLOTTE, NC (WBTV) -

West Mecklenburg High School senior Jordan Rice couldn't believe it.

"I was really surprised and happy that it was so successful," Rice said.

He was chosen as the branch manager of the student run credit union on campus back in February.  We first told you, on the day it opened, 14 students signed up for credit union accounts.

As of this afternoon, the last day the union would be open for this school year, there were 56 accounts and roughly $5,000 saved.

"They have far exceeded other similar programs and in such a short amount of time," said Shirley Floyd with Charlotte Metro Credit Union which partnered with West Meck on the project.

CMCU has partnered with Garinger, Olympic and Harding University High Schools in the past.   Each student is assigned a job that is the equivalent of jobs in a real bank.  There are adult advisors but the students run the show.

"It is an actual job.  The students do collect money and have to follow security procedures.  There's no goofing off," Floyd said.

Rice received a scholarship from CMCU for a job well-done.  It will help this college-bound senior.

"I'm going to study finance at East Carolina University.  This really helped me learn a little about the banking business," Rice said.

The hope is the Hawks Metro Credit Union will reopen next school year.

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