DECA students to learn the business of banking in real life
DECA students will get the opportunity to learn real-world banking skills with the new, functional banking window the High School hopes to have installed in its school store by the end of August.
The School Committee granted DECA advisors Cindy Sylvia and Monice Maurice permission to alter the school’s store, located in the school cafeteria, at its Wednesday night meeting. Sylvia said Plymouth County Teachers Federal Credit Union will provide the funding to install the window, as well as the personnel to man the window.
“It’s not going to be a simulation,” Sylvia said. “Teachers can come in and cash checks.”
Sylvia said the window will provide the students with a great opportunity to learn the career of banking, as well as have a school-time internship they may use to decide their career path.
“It’s a chance for kids to say, ‘Wow, I didn’t know this was my thing,’ but it’s also a good way to say, ‘This isn’t my thing,’ and not waste time on a business major in college,” Sylvia said.
The students will be learning all aspects of banking, from learning how to balance a drawer and taking loan applications, to processing mortgages and helping customers get a second line of credit, Sylvia said.
“This might prepare them to work in a mortgage company, or work with securities, some day,” Sylvia said. “It could also prepare them to work in investments, or savings and annuities.”
Sylvia said she is very grateful to the credit union for providing this opportunity to the students. She said she sees the arrangement as more of a community-minded gesture on the part of the credit union.
“They are doing it because they are a vested part of our community,” she said.