Monday, November 20, 2006
Banking at school
Holy Rosary branch opens at Spaulding High; first in state
By AMANDA DUMOND
Fosters Daily Democrat Staff Writeer
adumond@fosters.com
http://www.fosters.com/apps/pbcs.dll/article?AID=/20061120/NEWS10/111200100
Kim Bruce, Amelia Arel and Haydee Capellan watch Ben Roberts as
the Spaulding High School students brush up on how to deposit money
into accounts at the new Holy Rosary Credit Union at the school.
(Aaron Rohde/Staff photographer)
* Order a print of this photo
ROCHESTER — Haydee Capellan was nervous when she first started
working for the Holy Rosary Credit Union as an entry level employee
this fall.
"It's a lot easier than I thought," the Spaulding High
School senior said. "There is a lot done on the computer."
Many of her high school classmates stop by for the ATM or to make
a deposit, which has also helped to calm her nerves.
Those students don't have far to walk anymore to get cash for lunch
money as an HRCU branch recently opened in the high school's Richard
W. Creteau Technology Center. Teachers and residents also have found
the new location beneficial, school and credit union officials said.
The school, credit union and Chamber of Commerce celebrated the
school and business partnership Oct. 31 with a ribbon cutting and
grand opening. The arrangement is considered the first of its kind
in the state — programs at Nashua and Alvirne high schools
are similar but do not have an actual bank branch at their facilities.
The credit union approached the school more than a year ago about
the project because they wanted to do community outreach at the
high school level, having already implemented programs at the elementary
and middle school levels, said Jane Gettens, senior vice president
of operations.
The technology center provided the space and the credit union the
equipment and an employee to teach the students about banking.
The community effort didn't stop there. Rainer Schwake of Artstream
designed the credit union branch — the former engine repair
room now sports bold orange and yellowish-green walls and the credit
union's logo. Mike Witcher of Witcher Builders also helped renovate
the space.
"This is impressive," Assistant Superintendent Kent Hemingway
said as he walked around the branch. "This is what career and
technical education is supposed to be."
It's good timing for the technology center because the state now
requires technical schools to focus on career and technology education
rather than vocational education, Technology Center Director Richard
Towne said. The intent is to get students on a path to a career
rather than just locating entry-level jobs.
Peter Hildreth, state banking commissioner, who read a commendation
letter from Gov. John Lynch at the grand opening, said it's crucial
that tomorrow's work force gain the skills needed to run their personal
finances and keep the banking industry strong.
"It's important to find capable employees," he added.
"We need not only entry level workers but also leadership for
the banks."
The bank branch is primarily a classroom, with a computer work
station that is on wheels. Instructor Leah Esslinger, a 1996 Spaulding
graduate who just moved back to the area, has an office nearby so
she can supervise students when they complete a transaction for
a customer.
Because the students are still new at the banking business, Esslinger
handles all cash transactions. The students also do not have access
to people's account information when they do computer transactions
at the teller's area. That measure ensures security for both the
school and credit union.
Students go through a lengthy application process to participate,
which includes taking prerequisite courses and having a teacher's
letter of recommendation.
Classes with the banking program are no bigger than four students
each, so everyone gets a lot of individual attention, Esslinger
said. This semester there are seven students, with next semester
at nearly 16 students, the maximum for the capstone course.
Towne said the technology center is close to receiving approval
for an Academy of Finance, which includes the banking course as
well as accounting and business management courses. That means students
will be able to receive college credit for the work they complete
with the program.
Besides basic teller duties, students also learn about credit union
history and its structure and are working on a membership drive
to encourage classmates to open accounts with the financial institution.
They'll also spend a few days at the actual credit union.
Senior Ben Roberts said he has an interest in business and decided
the banking course was a good way to give him a better understanding
of the financial world as well as help him develop a good plan for
his personal finances.
"It's a good way for me to figure out (what I want to do)
before I go to college," he said.
Esslinger said the students have picked up on basic banking skills
quickly, and fellow students and their teachers are excited to see
familiar faces at the branch.
"I think everyone likes having them work here, including the
community members because they know the students are here because
they want to work," she added.
The branch is open to the public from 8 a.m. to 2 p.m. Monday,
Tuesday, Thursday and Friday; and from 8 a.m. to 12:30 p.m. on Wednesday.
The branch is best accessed from the Chestnut Hill Road entrance
of the technology center.
Students or parents with questions can contact the technology center
at 332-0757. Customers with questions on the branch's offerings
can call 332-6840.
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