WORCESTER, Mass. (1/7/14)--Worcester (Mass.) CU has formed a partnership with Worcester Technical High School (WTHS) and Quinsigamond Community College to provide college credits to WTHS students who complete coursework in conjunction with an internship at the credit union.
Since WTHS opened in 2006, 105 students in the school's finance and marketing program have become employees at WCU's WTHS branch, the Massachusetts Credit Union League said (Values & Visions Jan. 6).
"The students at our WTHS branch learn so much more than just how to cash a check," said Karen E. Duffy, president/CEO of $82 million-asset WCU.
Students learn all aspects of retail banking, including deposits, lending and compliance, Duffy said. The branch is also open to the general public.
Many students have gone on to regular employment at WCU and other local financial institutions. Duffy looked for a way to recognize training and financial education students undertook at the in-school branch.
WTHS offers a personal finance course that runs for a full school year, meets all high school requirements, and includes a Worcester CU teller internship.
If students complete the course, meet the course criteria for acceptance, and enroll at QCC, they receive three QCC college credits for FIN 111-Personal Financial Planning, an elective within QCCU's business administration curriculum. The course examines the tools, terms, and applications necessary to successfully manage financial matters in daily life, including consumer credit, financial planning, money management and personal taxation.
"The agreement with QCC to provide college credit will give these students a further stepping stone into their future," Duffy said.
Each semester five students intern at the WCU school branch. Also, two additional seniors work at the branch through the school's co-op program.