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NBD OPENS STUDENT BANK AT HUTCHINS MIDDLE SCHOOL; PILOT PROGRAM TEACHES STUDENTS MONEY MANAGEMENT SKILLS

 DETROIT, Dec. 8 /PRNewswire/ -- Sixteen eager seventh- and eighth- grade students have completed their teller training and are now ready to take savings deposits from their fellow classmates at NBD Bank's new student bank at Hutchins Middle School in Detroit. The Hutchins program is the second of NBD's two pilot In-School Banks. Trombly Elementary School in Grosse Pointe Park opened its bank on Nov. 18. The Hutchins bank will officially open at 9 a.m. on Tuesday, Dec. 14, 1993. Hutchins is at 8820 Woodrow Wilson.
 NBD's Woodward-Englewood branch in Detroit is representing the bank in this program.
 "Our goal is to provide students with hands-on experience in money management while teaching them about the role financial institutions play in their communities," said Gigi Mattison, assistant manager of the NBD branch and liaison for Hutchins.
 NBD has had a partnership with Hutchins through the Detroit Compact since 1990. Currently, 52 NBD employee volunteers serve as tutors or mentors at the school.
 "We are excited to be working with Hutchins again and believe the In-School Banking program is an excellent way to increase our community involvement," Mattison said.
 Hutchins Principal Jessye Franklin said the In-School Banking program is indicative of the close relationship between NBD and the school. "This program is just one of the many projects NBD has helped us with. The NBD Compact volunteers have almost become members of our staff, and the banking program is giving our kids real world experience that they rarely receive in the standard educational process."
 NBD's Mattison said, "This is a true teller operation accepting only savings deposits. Students will be opening actual NBD savings accounts using account opening cards, deposit slips and receipts, and individual deposit record books for the accounts. The student employees will also be keeping their own teller records."
 Parents will be involved throughout the learning process, she said. To open an account and make deposits, students must have signatures from their parents or guardians. Withdrawals from the accounts can only be made at an NBD branch by the parent or guardian with proper identification. Initially, only eighth-graders at Hutchins can participate in the savings program. NBD expects sixth- and seventh- graders to begin opening accounts in the future.
 NBD is supplying the branch materials, including employee vests and a modular branch set-up with three teller windows.
 Mattison said the program is also introducing students to job interview skills. Thirty-two students completed job applications for the bank's 16 positions. Only students who meet strict Detroit Compact "On Target" requirements for academics and attendance were allowed to apply. The positions include a branch manager, two assistant managers, two personnel assistants, two security officers and nine tellers. All 16 students received two hours of teller training.
 -0- 12/8/93
 /CONTACT: Robert J. Darmanin of NBD, 313-225-2831/
 (NBD)


CO: NBD; Hutchins Middle School ST: Michigan IN: FIN SU:

ML-KT -- DE028 -- 1914 12/08/93 16:36 EST
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Publication:PR Newswire
Date:Dec 8, 1993
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