Peabody High School Cleans Up at Annual Bankers Bowl

Win 1st In Marketing, 1st in Product Development, Win Student Essay Contest at Annual Mass Student Banking Association Conference

CHELSEA, Mass. (April 9, 2014) - Metro Credit Union, the largest state-chartered credit union in Massachusetts, today announced that the student interns from its branch at Peabody High School placed in each of the three competitive categories at the Massachusetts Student Banking Association’s (MSBA) annual Banking Conference this week, winning two of them. Metro Credit Union maintains branches at multiple high schools, including Peabody High School and Chelsea High School.  These branches are designed to afford students the opportunity to learn more about personal finance and the banking business, with the ultimate goal being to instill a lifelong pattern of saving and responsible money management.

At this year’s conference, held April 1st at the Boston Federal Reserve Bank, Peabody High students had a near-sweep in the competitive part of the conference, called the “Bankers’ Bowl.”  The team took home 1st place in “Product Development,” 1st place in “Marketing,” and 3rd place in “Trivia.” A student from the Peabody High team was one of three students that won the conference’s essay contest.

“All of us at Metro Credit Union are proud of the performance of the students representing both their schools and Metro,” said Robert Cashman, the credit union’s president and chief executive officer.  “The Product Development portion of the competition required months of hard work and business thinking, while the Marketing challenge required fast, creative thinking in a presentation style business environment.  All of the students did a wonderful job.”

Metro Credit Union, which has school branches in both Peabody and Chelsea High Schools, sponsored teams from both schools.  Metro works closely with faculty and staff at both schools throughout the year to ensure the presence of the school-based branches creates opportunities to teach children about the important value of savings and money management.

The Massachusetts School Bank Association is an organization that provides students with an opportunity to get hands on experience in the financial world. The purpose is to turn ordinary students into tomorrow’s financial leaders. Students will develop skills such as customer service, communication, leadership abilities, and financial literacy. Massachusetts School Bank Association helps to promote and enhance student’s success in financial literacy.

About Metro Credit Union

Metro Credit Union is the largest state-chartered credit union in Massachusetts with over $1.3 billion in assets, and serves more than 170,000 members. It is a growing, federally insured financial institution and a leading provider of a full range of financial services to anyone living or working in Essex, Middlesex, Suffolk, Norfolk, Plymouth, Barnstable or Worcester counties in Eastern Massachusetts, as well as Massachusetts state employees and retirees throughout the Commonwealth.

Founded in 1926, Metro Credit Union is a non-profit cooperative institution, owned by and operated for the people who use and benefit from its products and services. Metro uses superior customer service and technology to deliver a full range of financial products to consumers and businesses in eastern Massachusetts. Metro is well known for providing members with unlimited refunds of other banks’ ATM fees through its My Reward Checking account

Metro Credit Union has 15 branch offices conveniently located in Boston, Burlington, Chelsea, Framingham, Lawrence, Lynn, Melrose, Newton, Peabody, Salem, and Tewksbury, and is also a leader in workplace banking, serving over 1,800 companies throughout the state.