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Student-Run Branches

MUFG Union Bank (Honorable Mention) - Los Angeles, California

2020 Community Commitment Awards Submission

  • Entry Category: Financial Education
  • Asset Size: Large

MUFG Union Bank operates a total of five student-run branches in California. All are located in Title 1 schools, which target low-to-moderate income youth. The branches operate on closed campuses (limited access branch). Each branch is run by 10-12 student interns with support of a branch manager and a branch service manager. The branches are:1. McLane High School in Fresno, CA2. Crenshaw High School in Los Angeles, CA3. Abraham Lincoln High School in Los Angeles, CA4. Loara High School in Anaheim, CA5. Mountain View High School in El Monte, CA Student interns receive classroom credit, and the curriculum has been approved as an accredited A-G certified class (required for University of California education consideration). Students are paid up to ,500 in educational stipends. Student interns as "banker" provides an innovative "hand on" learning environment. The program promote financial education to students, parents and the community. Union Bank is the only OCC supervised bank in California with student-run branches. Over 380 students have participated in the program, with over 99% graduating from high school and a vast majority going on to college. The bank has hired 39 students once they have graduated from the program. Five of these former interns are now officers of the bank. One is a branch manager, one is an assistant branch manager, two are branch service officers and one is an IT project management professional. https://youtu.be/Mz