ARNOLD, Mo. (6/18/14)--Arsenal CU opened the doors of its main office in late May and early June to five high school student interns.
St. Mary's High School students (from left to right) Andrew Nowak, Mike Ulsas, Tim Kroger, Matt Jones and Jake Adler pose with Arsenal CU Marketing VP Ken Moser. The students learned about marketing and accounting in an internship that took place in late May and early June. (Arsenal CU photo)
Three members of the quintet--Jake Adler, Matt Jones and Mike Ulsas--spent four days at the Arnold, Mo. office learning about marketing, branding and advertising. The other two--Tim Kroger and Andrew Nowak--spent five days learning about basic accounting principles and practices. All five are rising seniors at St. Mary's High school in St. Louis.
The marketing interns learned how member and customer surveys are performed. They also discussed marketing campaigns, conducted online research, and developed a direct-mail marketing piece of their own.
The accounting interns received an overview of accounts payable and the automated clearinghouse that posts and rejects credit and debit transactions in real time. They also reviewed financial statements and helped with Arsenal's charity outreach on their last day by making bag lunches for the homeless. All five received a crash course in financial commodities, credit, saving, investing, the history of the credit unions and the difference between credit unions and banks.
"We enjoyed serving as a host site for these students and assisting them with not only their post-secondary plans, but also helping them become more financially literate while they spent time with us," said Arsenal CU vice president of marketing, Ken Moser.
St. Mary's, an all-boys Catholic high school in St. Louis, has made internship programs a graduation requirement. Arsenal also participated in the program last year--the St. Mary's internship program's inaugural year.
Arsenal CU has about $200 million in assets.