CUW Awards 2020: School Partnership


Credit Unions of Wales Awards 2020: School Partnership.

The third Credit Unions of Wales Awards will take place on Friday 2 October 2020.

The awards celebrate the payroll partners, volunteers, members and schools whose exceptional work within the credit union movement has a positive impact on communities across Wales.

The School Partnership category recognises those schools who work with their local credit union to provide savings clubs to pupils.

The award celebrates the partnerships that benefit the school, credit union and the local community at large.

The nominations for this award are:

Corneli Primary School, Bridgend (Bridgend Lifesavers Credit Union)
The savings club opened in 2015 with 63 members before being re-launched with teaching staff, governors and LSO’s taking lead roles.

Bankers were enlisted from Years 4-6, posters were designed and children gave presentations to classes on the benefits of saving.

A weekly raffle has been established in assembly for children who save each week. However little they save an annual certificate is presented at the assembly.

Corneli Primary has won a CU Wales award for their video entry and now has an active membership of 142 (54.83% of school roll). 18 staff have also joined. 

Weekly savers average at 52, with a high of 64. The school has introduced 204 young children and adults to membership of the credit union.

 

St Patrick’s RC Primary School, Newport (Newport Credit Union)
St Patrick’s is a new saver’s club but have been nominated due to the conscientious and enthusiastic way in which they have encouraged parents and children alike to start saving.

The planning beforehand and the partnership between the school and Newport Credit Union has been exciting. 

All parents were sent an invitation to join with an initial saving donation to all participating children of £1. 

The school has given all participating children small purses with their names on and a competition is being held to design a new credit union coin.

The first day generated 43 new junior members with more anticipated over the coming months.

 

Hywel Dda Primary School, Ely (Cardiff and Vale Credit Union)
The school savers clubs is run by a team of five parent volunteers on a weekly basis.

Currently there are 110 savers, with up to 50 children saving each week and new membership applications are received regularly.

Volunteers are always coming up with new ideas to make sure the savers come back week after week. Small treats are given at the end of every half term and the children set themselves goals to achieve.

To encourage the pupils and parents, the volunteers are regularly arranging meetings and attend coffee mornings at the school to promote credit union services.

Volunteers use school social media as a weekly reminder about the savers club and importance of financial wellbeing. This has led to staff and parents becoming members. 

 

Our Lady of the Angels RC Primary, Cwmbran (Gateway Credit Union)
The savers club was recently launched with 39 children and several teachers signing up in the first few weeks.

The school has been very keen to engage with Gateway Credit Union, and have launched the savings club with an assembly, letters to parents and an invitation to speak to the staff about payroll savings.

Children have produced posters and several families came in to the Cwmbran branch to open Christmas accounts as a result of the launch.

 

Pembroke Dock Community School (SaveEasy Credit Union)
Every week a member of staff runs a collection at the school, starting at 8am for breakfast club before moving to reception.

The children pay directly into their accounts and sign their deposit cards and are given a sticker for attending.

51 Children are currently saving, a number which is increasing weekly since starting in November 2019.

The club has given children an appreciation for saving money and the benefits this brings.The Credit Union and has attended School Christmas assembly where every saver received a piggy bank, certificate of achievement and school bag.

Six teachers have also become members of the Credit Union and save regularly alongside the children.

 

Heolgerrig Primary School (Merthyr Tydfil Borough Credit Union)
The school savings scheme is run every Thursday at the main foyer. There are two loyal volunteers at this collection point – Pat Lewis and Susan Cumming – who sit and welcome the children.

All pupils are encouraged to get involved with the collection; and membership has increased to 40 pupils and it’s growing every week.

Students are very pro-active with the collection with many creating posters to display in classrooms, while others enjoy chatting to their friends about what they will buy out of their savings.

The collection has had a significant impact on the school; children of all ages have started understanding budgeting and the value of money.

Teachers have also seen the benefit of the collection and have begun incorporating ‘savings’ into math’s lessons.
The school saving scheme has also encouraged the wider community to start saving, with 13 adult savers at the collection including parents and teachers

 
 

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