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Bullitt County Public Schools: The Leader in Educational Excellence

Bullitt East High School Opens Charger Bank

The ribbon cutting for Charger Bank

Investing in the future is possible for students and staff at Bullitt East High School thanks to the opening of Charger Bank Savings and Loan.

Sponsored by the Peoples Bank of Mt. Washington, Charger Bank is open on school weekdays during fourth and fifth periods to accommodate all student lunches. The bank is staffed by 30 juniors and seniors.

Business teacher Daniel Rock worked on multiple occasions with Senior Vice President Rhonda Wyrick of The Peoples Bank of Mt. Washington to discuss the creation and operations for the student banking center.

“The students conducted a self-assessment on various roles at the bank followed by interviews at PBMW with Ms. Wyrick for their prospective positions,” he said. “Students learned a curriculum including customer service, cash handling, balancing procedures, cash disbursement, transactions, bank protection, dual control, lending policy, loan types, loan terms, marketing strategies, deposit operations, interviewing, and resumes.”

In addition, Rock met with fellow business educator Jeff Bowles during the last six months to discuss and review best practices for the bank. Rock was also able to speak with another teacher from LaRue County Schools that runs a school bank to check for recommendations for best practices.

Rock said The Peoples Bank Mt. Washington is very helpful in the participation of the program.

“PBMW has met with me to discuss daily operations and trained both the students and myself on making sure account balances and cash is reconciled daily,” he said.

Charger Bank has controls in place for teller & vault cash amounts. As balances exceed control amounts, deposits are taken to PBMW.

Checks deposited by students are taken to PBMW the same day as they are deposited. Withdrawals are verified by the tellers & proof department to make sure funds are available in the account.

Since opening Sept. 19th, there have been 90 savings accounts (83 students and seven teachers) along with one outstanding loan.

Rock said watching the students build from start-up and operate a banking center is one of the coolest things he has ever seen students do in his five years of teaching.

“I previously worked in banking for ten years (consumer & commercial lending) and it’s incredible to watch the students run a bank here at school because their daily activities mirror what happens in a real financial institution,” he observed. “Students will benefit by sharpening their soft-skills (communication, customer service, work ethic, follow-thru, setting & accomplishing goals, and solving real-world problems). The students will also see and know the significance in budgeting, borrowing, and saving money.”

Student bank operators during fourth period are President Mark Murphy; Senior Vice-President Christian Foster; Vice-President of Operations Kirstie Henn; Senior Lender and Loan Officer Michael Lobred; Vice-President of Marketing Jake Reece; Vice-President of Bookkeeping Raegan William; Head Teller Lucas Adkins; Tellers Colin Shepherd, Taylor Hardy and Jenna Rueve; Bookkeeper/Proof Dept. Austin Hess, Maxwell Burt, Raegan Williams and Kirstie Henn; and Loan Officers Peyton Meredith, Zach Jones and Jake Reece.

Student bank operators during fifth period are President Zachary Taylor; Senior Vice-President Michael Harp; Vice-President of Operations Zach Wooten; Senior Lender & Loan Officer Jared Riordan; Vice-President of Marketing Brooke Stivers; Vice-President of Bookkeeping Jarret O'Neill; Head Teller Taylor Ethington; Tellers Ian Holehan, Abby Rodgers and Nick Leslie; Bookkeeper/Proof Dept. Cooper Mahoney, Bella King, Zach Wooten and Jarret O'Neill; and Loan Officers Steven Peak, Jacob Darnell, Derek Rogers and Bryce Stewart.





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