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CU System
Pa. Foundation partners with CU to promote student branches
HARRISBURG, Pa. (12/17/08)--The Pennsylvania Credit Union Foundation and Meadville (Pa.) Area FCU presented and promoted the benefits of student credit union branches to representatives of three school districts in northwest Pennsylvania-- Penncrest, Conneaut and Crawford Central. Joe Wambach, foundation executive director, discussed classroom education, Web site development, Train the Trainers, and student branch components that represent the foundation’s financial literacy portfolio (Life is a Highway Dec. 16). Heather Clancy-Young, CEO of the $43.2 million asset Meadville Area FCU, emphasized community benefits and the attraction of younger credit union members as reasons for credit union interest in developing a student branch program. Georgeann Chamberlain, CEO, Wacopse FCU, Warren, Pa., and a former association board member, discussed the two branches maintained by her credit union in Warren, as well as liability issues that can impact student branch development. The session was organized and coordinated by Christina Reynolds, business development representative for Meadville Area FCU. Decisions by the three school districts are expected during the first quarter of 2009. There are 17 student credit union branches in Pennsylvania.
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