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Student loan club at Homewood Flossmoor High holds funds
Homewood Flossmoor High School students run a unique credit union that lends up to 500 dollars to peers who cannot access bank loans. Kenn Bloom, the senior president, reports assets near 20 thousand dollars and 7 percent deposits for savers while loans face tightened terms and more aggressive collection efforts. The club offers benefits like travelers checks and White Sox game tickets, with new share draft accounts planned.
MENTIONED IN THIS ARTICLE
Gary Wilby
Chicago Sun-Times
Chicago
Homewood-Flossmoor High School
Illinois
Savings and Loan Association
Kenn Bloom
Bloom
White Sox
U.S
Sea Guard
Art Endres