HomeTown CU Student Branch featured in Senate hearing
OWATONNA, MN (December 18, 2014) — Minnesota’s Senate Commerce Committee hosted leaders of a student-run, in-school credit union branch last week to learn about the success of the financial education program.
Mike Rothman, commissioner of the state department of commerce, began the hearing with a discussion on the importance of building financial capability in all citizens, and found the partnership between HomeTown CU, Owatonna, Minn., with $113 million in assets, and Owatonna High School to be a great example of how to accomplish this.
“They are on the front line of financial education and are helping Minnesotans build financial security starting in kindergarten and throughout their lives,” Rothman said of HomeTown and the school.
Committee members learned from one student employee who attended the hearing how the experience of working at the in-school branch has helped encourage financial literacy among his peers.