Student-Run Branch Is N.Y. Capital'sFirst

SCHENECTADY, N.Y. - (03/14/05) -- First New York FCU opened a branchin Schenectady High School last week, the first student run branchin the New York capital region under a new law enabling suchfacilities. The in-school branch will be run by six studentvolunteers and will serve, students and teachers of the school. Thebranch will be open for three hours on Fridays and will takedeposits, allow withdrawals and open new accounts. The creditunion, formerly known as Schenectady Teachers FCU, has had a longrelationship with the school district as it was chartered in 1937by a teacher who ran the credit union from his home.