Cook’s North Star Credit Union student workers visit St. Paul
Friday, June 10, 2016
Posted by: Laura Whittet
|Pictured (L to R) are Shane Deal, deputy commissioner
of Financial Institutions Division, MN Department of
Commerce; Anne O’Conner, deputy commissioner/chief
of staff, MN Department of Commerce; Samantha Barnett,
student; Mike Rothman, commissioner, MN Department
of Commerce; Kayla Bodri, student; Lillian Wheeler,
student; Charlie Davidson, student; Jody Feist,
community education coordinator, North Star Credit Union;
Casey Hagadorn, education and business development
coordinator, North Star Credit Union.
Hometown Focus (June 10, 2016) - Four students representing North Star Credit Union’s two student credit union branches – the Money Cave, a student-run branch at North Woods School, a K-12 school in Cook; and The Jungle, a student-run branch at K-12 South Ridge School in Culver – visited St. Paul last week. The trip was prompted by an invite from Minnesota Department of Commerce Commissioner Mike Rothman, who had visited the student branches last spring.
The students received a tour of the Department of Commerce, lunch at the Minnesota Credit Union Network and visits to two St. Paul area student credit unions – Ideal’s Student Credit Union at Tartan High School and Hiway Federal Credit Union’s Governors Branch at Johnson Senior High. The students learned about the credit union industry and how it is regulated, and then exchanged ideas and best practices with other students, learning similarities and differences among their school branches.
The trip was organized by the Department of Commerce, the Minnesota Credit Union Network, and the two Community Education Coordinators at North Star Credit Union – Casey Hagadorn and Jody Feist. All involved noted the value of the students networking and exchanging ideas.
“I was happy we were able to visit other student-led credit unions. I enjoyed seeing how they operate and the methods we could use to make our student credit union stronger,” North Woods School student Lillian Wheeler said.
“Visiting Johnson and Tartan High Schools was a great opportunity. While we all operate differently, we share the goal of encouraging saving at an early age and teaching financial literacy,” Samantha Barnett said.
School credit union branches are established as a financial education partnership between a credit union and a school or school district. They provide students with opportunities to learn money management skills, develop career skills, and encourage their peers to make wise decisions with their money. There are currently ten student credit union branches run by seven credit unions in Minnesota schools.