By: Cas Powell
Headed by Marketing/Business Teacher Stacy Perkins, the Cardinal Security Bank offers banking services to the students of Wayne County High School. Located upstairs, in Perkins’ room, the bank is open from 11:05 a.m. to 1:20 p.m. on school days. Students can go there to take out “lunch loans,” general loans, and to open a savings account. Accounts will earn interest and incur late fees depending on what service is being used, much like a real bank.
The Cardinal Security Bank is useful for students on two separate fronts. Students working in the bank learn how to manage money and operate as staff in preparation for potential future careers. Students utilizing the bank’s services also learn how to manage money. On top of that, they learn how to act as a patron of the bank they will be using in the future as an adult. Students learn how to work with loans, about interest, and how to be responsible to avoid late fees.
The Cardinal Security Bank’s Mission Statement is as follows:
“The mission of Cardinal Security Bank is to educate students about banking procedures by offering small loans and savings accounts to the students and faculty at Wayne County High School. The purpose of the student bank is not to earn a large profit, but to learn to operate in an efficient manner in order to teach sound business practices.
“The student bankers are to be aware of the responsibility that comes with the office in which they hold. All accounts will be handled with integrity, maturity, and confidentiality.”
The student staff of the Cardinal Security Bank consists of a variety of student officers. They are Reese Sexton and Grayson Roberts, Presidents; William Wright, Vice President; Davyd Phillips and Emily Jackson, CFOs; Kayley Stringer and Danielle Bell, Bookkeepers; Evelyn Rosales and Jacob Hopper, Auditors; Destiny Rose, Head Teller; Cameron Hutton and Anthony Gregory, Tellers; and Savannah Turner, Marketing.
The bank works closely with the local Monticello Banking Company. Three of their team serves as Bank Advisors for Cardinal Security Bank: Dawn Harmon, Sandra Frost, and Pattie Corder. With the help of MBC, the bank threw an open house to spread the word about Cardinal Security Bank’s services. Refreshments were provided, and representatives both MBC and the student staff spoke to the attending students about the provided services. The Monticello Banking Company representatives also spoke with the student staff to help them better learn the tasks they faced running the Cardinal Security Bank.
Monticello Banking Company Representative Perry Elam, talking to students Bridgett Hall and Naomi Hall
WCHS student Monce Bravo picking up refreshments
Student Cameron Hutton (teller) participating in a drawing. (L-R) Destiny Rose (Head Teller), Savannah Turner (Marketing), and Mackensie Bone ran the drawing spot
WCHS student Jacob Small speaking with Stacey Perkins, teacher of the Marketing class
Students getting chips and a cookie provided by the Security Bank
Student Savannah Turner speaking with Monticello Banking Company Representative Perry Elam about filling out a bank receipt