First New York Federal Credit Union has opened a new in-school branch at Burnt Hills-Ballston Lake High School.
The new branch is staffed by student volunteers, who will gain valuable experience by providing basic banking services to their fellow students and staff from the school and district, officials said.
The Spartan Branch joins Schenectady High School’s Patriot Branch as area high schools that now have First New York branches. Bank officials said the in-school branches provide a safe environment for student volunteers to practice real-world skills in banking, marketing, business and more.
Students in the Personal Finance Management and Investing 101 classes, which are focused on teaching financial literacy, money management and responsibility as well as how to be financial savvy with investments, will run the bank for their peers and BH-BL staff.
Banking practices can begin for many students at the elementary schools where student banking options are available. And, in sixth grade, students take a financial literacy course that touches upon money saving, how to manage a checking account, interest rates, taxes and much more.