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Bank Offers Opportunities for Students

Yanely Luna and Sekota Chaput

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The Red Raider Bank is open all three lunches and every weekday except Wednesday.

The bank is located past the cafeteria, past the art hall. It is open to all students, as long as they are willing to pay off loans on time. To open a savings account, students must go to the bank and ask for a savings account form. Students need $5 to open an account, and the sponsoring bank will match the first $5. So, just by opening an account, students can double the $5. Savings accounts have no other interest rate.

If a student takes out a $3 or $5 loan, the interest on the loan is 

$0.25, so everyday that the bank is open, students will have to pay $0.25 more. It is most beneficial for students to pay their loans as soon as possible.

The bank is sponsored by three banks, while most other schools have only one bank sponsor. These banks are Coffee County Bank, People’s Bank and Trust Company, and First National Bank.

The bank also sells homecoming tickets and prom tickets prior to those events.

The bank is managed by students in the Banking and Finance class. It offers the opportunity to learn how to manage money and handle customers.  As a result of this experience, alumna, Ashley Thomas  acquired a job with  Coffee County Bank as a teller this past summer. 

The members of the banking class are as follows:

Alexcia Barnes – Teller 

Brianna Cardenal – Accounting department

Kelsie Carter – Loan Officer

Tyana Fenton – Teller

Taylor Hulvey – Loan Officer

Vanessa Pedroza – Receptionist

Katy Shelton – Accounting department

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