Redstone Opens Second High School Branch in Murfreesboro

Redstone Federal Credit Union joined with Murfreesboro school leaders Thursday to celebrate the opening of a branch inside Siegel High School that is fully operated by students.

Student staffers will gain real-life work experience, improve their financial literacy, and earn money while training. The branch is open to students, faculty, and staff at the school.

“We are grateful for our expanding partnership with Redstone Federal Credit Union,” Director of Schools Dr. Jimmy Sullivan said. “We are big believers in offering hands-on learning opportunities for our students so they can put into practice the skills they are learning in the classroom.”

Joe Newberry, Redstone’s President and CEO, said the Credit Union is excited that the partnership and collaboration with Rutherford school leaders have resulted in a second student-run branch. The program already operates at Blackman High School to great success.” Mike Panesi, Redstone’am is a win-win for everyone!

“When you think about how much the students get from this partnership and how much revenue the schools can earn, it’s a win-win for everyone involved,’’ said Panesi.

Redstone has installed branches in eight high schools in North Alabama and Murfreesboro, TN. The Schools Program has won several state and regional awards for its innovative and practical approach to financial literacy.

In addition to promoting financial literacy, Siegel receives a specially designed debit card which allows students, staff, alumni, and fans to financially support the school. Each time a Redstone member swipes the Siegel debit card, Redstone gives money back to the school. So far, schools and community partners in the
program have earned over $742,000 in revenue.