Neighbors Federal Credit Union contributed a combined $21,383 to 11 participating schools during the 2017-18 school year.
The funds came from Neighbors Mascot Checking Program. The Mascot Checking Program invites schools within greater Baton Rouge to participate by allowing Neighbors to create a custom checking account for the school.
“It’s nice to see our Mascot Program making a positive impact,” Neighbors President and CEO Steve Webb said. “This program continues to see tremendous growth, and we are pleased to provide a consistent revenue source for local education.”
The checking accounts come with a school-branded debit card, and Neighbors contributes money to the school for each debit card swipe. After the school has 100 active Mascot Checking accounts, the school earns 10 cents per swipe, and the schools earn five cents per swipe before the first 100 active accounts.
Walker High School earned the most contributions this year with $10,120.
“I am very thankful to Neighbors for the Mascot Checking Account program,” Walker High School Principal Jason St. Pierre said. “We use this money to help fund various programs such as our drone and TV program.”
In addition to receiving contributions generated from the checking account program, the participating schools are invited to select a graduating student to receive college tuition assistance from the Neighbors Capital Area Foundation. Next year the foundation plans to grant $30,000 through the Neighbors Way Tuition Assistance Award.
The 11 participating schools include Baker High School, Baton Rouge Magnet High School, Central High School, Denham Springs High School, Lee High School, Live Oak High School, McKinley High School, Port Allen High School, Southern University Laboratory School, Walker High School and Woodlawn High School.
To learn about Neighbors Mascot Checking Program, visit neighborsfcu.org/personal/checking-account/mascot-checking/.