Banking interests Elmer Wolfe pupils

NEIGHBORS

October 10, 2002|By Jean Marie Beall | Jean Marie Beall,SPECIAL TO THE SUN

IT LOOKED LIKE a run on the bank during a recent Monday morning at Elmer Wolfe Elementary School.

But the pupils were in the school's cafeteria making deposits in their savings accounts at the Big Bad Wolfe Bank.

It wasn't play money, either.

"It's their money and they are proud of it," said Lisa Monthley, who helps coordinate the program for New Windsor State Bank. "It's different banking with your peers."

The program helps pupils understand the meaning of saving money, Monthley said. And tellers - fifth-grade pupils - learn to count and tally it. All pupils in first through fifth grades may open a regular statement savings account.

Anyone who has an account may go to the cafeteria each Monday morning and make a deposit. However, they must go to a regular bank branch to withdraw from the account.

"The parents are very supportive of [the program] because it's important for students to learn the value of savings," she said.

Monthley started the program eight years ago when she worked at Carroll County Bank & Trust (now BB&T). That bank had set up a similar program at Manchester Elementary School. Subsequent publicity sparked interest at Elmer Wolfe - and linked Monthley with Suzanne Stultz, activities coordinator at the school.

"I was looking for a bank and she was looking for a school," said Stultz, liaison between the program and New Windsor State Bank.

So was born Big Bad Wolfe Bank, which opened for business Sept. 30. About 20 pupils lined up to open accounts, Stultz said.

Dozens of others were back to add to their accounts.

"Even if you have only one student who comes in every week, you're teaching something," Monthley said.

Added Stultz about that first Monday, "They're always a little quiet on the first day. They're not always sure what they're doing."

One of the real joys for some pupils is to become a teller, Stultz said.

"It gives the younger ones something to look forward to," Stultz said.

One of those tellers is Brett Blizzard, who said he volunteered as teller to learn how a bank works.

"I am learning that you should always get to the bank on time," Brett said. "Also, the amount of money recorded on the teller log must balance with the cash in the drawer."

Teller Jennifer Pivar has participated in the banking program since she was in first grade.

"My mom wanted me to learn how to save money," Jennifer said of her early years as a customer.

"I have learned that I should save my own money for buying a special birthday present for someone," Jennifer said. "Also if I wanted to buy something, I would have the money."

But the best thing of all, according to Jennifer, is that banking is fun.

Basketball registration

Taneytown Area Recreation Council will hold basketball registration from 6 to 8 tonight and tomorrow night at the cafeteria of Northwest Middle School.

The league is for boys and girls fifth through eighth grades. Parents of children in the fourth grade who feel their children are advanced enough may register them. The cost is $40.

Information: 410-756-2809.

More basketball

Charles Carroll Recreation Council will hold its 2002-2003 basketball registration from 9 a.m. to noon Oct. 19 at Charles Carroll Elementary School.

The council will have an after-school clinic for second- and third-grade boys and girls and one for fourth- and fifth-grade boys and girls. Leagues also will be available for girls and boys in grades five through eight.

The cost is $40.

Information: Johnny Hoover, 410-346-7882.

Jean Marie Beall's Northwest neighborhood column appears each Thursday in the Carroll County edition of The Sun.

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