Second Annual Wise Student Savings Account Program Launched
St. John the Baptist Students Triple Money through First-of-its-Kind Savings Account
(Reserve, LA.) – The rush is on for 200 local students to be given free money through a one-of-a-kind savings account program sponsored by St. John Parish School Board Member Russ Wise, Capital One Bank and the Louisiana Federal Credit Union. For the second year in a row, students who sign up for the unique program will have their initial investment tripled.
The Second Annual Wise Student Savings Account Program kicked off today at a ceremony and news conference at East St. John High School attended by St. John School Board member Russ Wise, the innovator of the program, St. John Parish School Superintendent Courtney Millet, Capital One Vice President Ray Tyree and Louisiana Federal Credit Union CEO Rhonda Hotard, along with East St. John student leaders.
St. John Superintendent Courtney Millet said, “Encouraging our students to save for their future is one of the smartest lessons we can teach children today, and I am proud that this student savings program has been an overwhelming success and is expanding this year.”
The incentive program is available to up to 100 students in grades 8-12 at West St. John High School and up to 100 students in grades 9-12 at East St. John High School. The students’ first $10 investment will be matched by both Russ Wise and the credit union or the bank. Louisiana Federal Credit Union, which has a student branch at East St. John High School, will handle the account transactions on the east bank while Capital One will serve the west bank students at its Edgard branch.
“This is an excellent opportunity for our students to learn personal financial management firsthand as they are offered generous incentives by two of the community’s finest financial institutions,” said Wise, a member of the St. John Parish School Board since 1999.
Contact: Heidi Trosclair, Media and Communications Coordinator, 985-536-1106 x2251