A celebration of the partnership between the East Syracuse Minoa Central School District and CORE Federal Credit Union was held Monday in conjunction with the grand re-opening of the student-run Spartan Branch of CORE.
Planned by ESM's Principles of Marketing class, the event celebrated the partnership and welcomed aboard newly-trained Money and Banking students, who will begin their work experience at the Branch. Public officials, as well as members of the Credit Union Association of New York and the National Credit Union Foundation attended the event to highlight the Spartan Branch initiative as an example of credit union outreach activities in local communities.
Handling nearly 2,000 financial transactions a year, the student-run Spartan Branch is located inside ESM Central High School and opened 6 years ago as the first in Central New York. Providing relevant hands-on experience has been the foundation of this partnership between the District and CORE. The branch is operated by ESM's Money and Banking class, while the District's Principles of Marketing class organizes all promotion and advertising of the Branch-all under the guidance of CORE officials and ESM Business Teachers.
Financial literacy has been identified nationally as a 21st century learning theme. Embracing this concept, ESM and CORE use a unique "Students as Educators" model. ESM and CORE use a unique "Students as Educators" model. In addition to the Spartan Branch, students help run a K through 8 school banking program and last year hosted a youth financial fun night and a teen financial forum for area schools. High school business students also have the opportunity teach their peers and serve as role models for younger ESM students as well as team-teach adult education sessions.
This summer CORE received the prestigious 2010 Desjardins Youth Financial Education Award from the Credit Union Association of New York. The award recognizes credit unions that demonstrate a significant commitment to youth financial education.