Six transition year students from Presentation Secondary School and St Patricks Secondary School, here in Castleisland, have joined forces to launch their own branch of Tralee Credit Union.
The branch, which will be run by the students, aims to provide a savings service to the students and teachers of both schools.
They unveiled the initiative with the support of the management and staff of both schools and management of Tralee Credit Union itself.
Speaking at the launch on Thursday morning, branch manager, Ciara Murphy said that they were delighted with the number of students who attended the launch.
"The buzz around was unreal. The amount of students who expressed an interest in supporting us was phenomenal," she said.
The students had volunteered to operate the initiative hoping to get experience in the business while also providing a worthwhile service.
They will receive training and support from Tralee Credit Union and have been given roles such as manager, assistant manager, member services representatives and marketing officers.
"We are delighted with the calibre and enthusiasm of the students and we think that the branch is in very good hands. This is a great opportunity for Tralee Credit Union to get straight to its young members. Many of them would have had access to savings schemes while in their primary schools," said Fintan Ryan, manager of Tralee Credit Union.
The school Credit Union will open for business every Thursday during break time from 10.50am to 11.10am in the Presentation Secondary School. The branch is open to all students from first to sixth year.
For students who are not already members, they can join and lodge money into their savings account or purchase Ellie Stamps each week.
The scheme will be run under the watchful eye of Orla O'Shea, who is a former student of St. Joseph's Presentation and a youth development worker with Tralee Credit Union.