Chesterfield Federal Credit Union to open student branch at James River High School

CHESTERFIELD, VA (January 8, 2016) — Chesterfield Federal Credit Union and Chesterfield County Public Schools have formed a partnership to promote financial literacy and to prepare students for the work force through a student-operated branch of the credit union opening at James River High School in January.

The branch will be staffed by four paid student interns who will receive valuable work experience. These students will run a fully operational branch, develop and execute business plans and teach their members the value of sound financial management. With this commitment, the branch will provide students a real world financial experience with real money and real accounts so they can better manage their financial lives as adults. Chesterfield Federal Credit Union will provide support and assistance to the students who will be operating and marketing the branch. A teacher liaison will supervise the students and provide additional educational opportunities. “Community partnerships are a critical component to our work. Thanks to partnerships like the ongoing work we do with the Chesterfield Federal Credit Union, our students see that the community cares about them and wants them to succeed. Projects like the student-run credit union branch are preparing students for success in the real world.” CCPS Superintendent Dr. Marcus Newsome said.

Additionally, Chesterfield FCU has accepted responsibility for all costs associated with the branch and is providing all the necessary equipment for its operations, creating a new educational experience for students without cost to tax-payers.

“We are thrilled to partner with Chesterfield County Public Schools in opening the first student-branch in Chesterfield County,” Chesterfield Federal Credit Union CEO Jeanne H. Dotson said. “This unique opportunity for students is reflective of our commitment to financial education in Chesterfield County.”

A ribbon-cutting celebration and tour of the new facility will be held for invited guests and media on Friday, January 15th at 1pm at James River High School 3700 James River Road in Midlothian.  “I am so excited to begin this partnership with the Chesterfield Federal Credit Union by opening the first student-run-branch in Chesterfield County Public Schools,” James River High School Principal, Jeff Ellick, said.  “This trailblazing partnership has been a work-in-progress for many years and will make a difference for students while supporting our commitment to financial literacy at James River High School.”

About Chesterfield Federal Credit Union

Chesterfield Federal Credit Union is a not-for-profit financial cooperative organized by and for employees and students of Chesterfield County Public Schools and employees of Chesterfield County Government as well as others with whom we share a common bond in our community. CFCU has three branch locations: in Chesterfield on Public Safety Way, in Brandermill in the Market Square Shopping Center, and on Midlothian Turnpike in the Midlothian Station Shopping Center. Members can also access the Credit Union through over 4,000 shared branches and 50,000 free ATMs nationwide.


Chris Miller

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