Union Bank, in partnership with the Los Angeles Unified School District Board of Education, recently opened the bank’s first two Los Angeles student-run branches at Crenshaw High School and Abraham Lincoln High School. The branches are part of an innovative program designed to provide students with real-world financial education and work experience.
Located on the schools’ campuses, the full-service branches are staffed by student bankers who have an opportunity to acquire skills in finance as well as teamwork and leadership and the hands-on experience of working in a bank. Traditional banking products and services are available to students, school staff, school administrators and teachers. “As a responsible bank, Union Bank is dedicated to increasing financial awareness within our communities, and we know that educating our youth is critical to building and sustaining strong communities for the future,” said Union Bank Executive Vice President and Regional Executive Leticia Aguilar, who manages the bank’s branches in the Los Angeles and Central California divisions.
Union Bank opened its first student-run branch in 2011 in Fresno, California at McLane High School. Thirty student bankers have graduated from the program and five McLane graduates are currently employed by Union Bank in the Central Valley. “This program enables students to be career ready when they graduate and we’ve seen a 97 percent incidence of college enrollment in our student banker population,” said Union Bank Senior Vice President Jan Woolsey, a manager in the bank’s Corporate Social Responsibility division who helped launch the Los Angeles initiative. “Our goal is to replicate that success in Los Angeles.”
Congratulations Union Bank!