Suncoast Schools Federal Credit Union has announced the opening of four middle and elementary in-school branches in Hillsborough, Citrus and Collier counties, including FishHawk Creek Elementary School in Lithia.
These new branches bring the total number to 21 high school student-run branches and two middle school and eight elementary in-school branches in more than eight counties across the state.
Students from FishHawk Creek Elementary School, Cahoon Elementary Magnet School, Crystal River Middle School and Pine Ridge Middle School can look forward to cultivating money-saving habits and learning the value of cash.
While high school branches focus on a more hands-on financial and marketing experience, middle and elementary school branches offer programs that teach younger students the importance of saving, the advantages of having a checking and savings account, how to manage accounts with basic math skills and how to fill out deposit slips.
"We know there is a sense of accomplishment when youth learn about money management and we feel a sense of pride in being able to provide them with the necessary tools to become financially savvy," said Juli Lewis, youth marketing manager for Suncoast Schools Federal Credit Union. "These new branches allow us to teach students how to make smart financial decisions and get excited about saving money."
All high school, middle and elementary school branches offer a variety of incentives to participating students, including an automatic $5 deposit for any student opening an account with the credit union and the chance to enter various raffles throughout the year that reward both academic achievement and participation. In addition, students opening a new account or making a deposit at any of the in school or student-run branches will be able to enter a drawing for a free Kindle Fire.