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Students, Educators and CUs Collaborate in Cornerstone Credit Union Foundation BizKid$ Entrepreneur Contest
Friday, April 17, 2015 7:55 AM

BizKid$ Contest

The votes have been tallied and a winner has been selected in the Cornerstone Credit Union Foundation’s BizKid$ Entrepreneur Contest. According to Foundation Executive Director Courtney Moran, FivePoint FCU and its partnering school, Hamshire-Fannett Middle School, won for “The Pencil Pouch”.  Led by Tamra Basye, the students put their heart and soul into their school-sponsored and student run school supply business.  After conducting a survey of students and teachers, it was determined that running out of school supplies, forgetting to bring pencils, note cards, or poster-boards were all very common daily problems in their school.  The Pencil Pouch’s inventory consists of paper, erasers, pencils, scented bookmarkers, bobby pins, ponytail holders, and much more.  The students saw a need in their community and acted accordingly, just as a true entrepreneur would!

“The Cornerstone Credit Union Foundation BizKid$ Entrepreneur Contest gave my class the opportunity to learn about starting a business.  My students were given the chance to work “hands-on” in a business.  The experiences they encountered throughout the business plan far exceeded any learning a textbook could offer.  We are very excited to announce that our business, “The Pencil Pouch” is still operating daily on our campus!”, states Tamra Basye, Hamshire Fannett MS winning educator.

FivePoint FCU and Beacon FCU participated in this year’s program, funded by a grant from the National Credit Union Foundation. Both credit unions collaborated with a local school for the pilot program where they selected up to three teachers each to work with for the program.  Select classrooms worked with their partner credit union to create a complete business plan, and then present those plans to an impartial local panel of judges. Only one presentation from each credit union could be submitted for final competition. The Hamshire-Fannett Middle School team in partnership with FivePoint FCU submitted “The Pencil Pouch,” while the Horace Mann Junior School in partnership with Beacon FCU submitted “Sneaker Saviors”, a business that takes old sneakers and restores them or customizes sneakers to the customers’ desire. 

“I cannot begin to describe what an amazing experience this has been and how thankful I am for the Cornerstone Credit Union Foundation BizKid$ Entrepreneur Contest.  The Biz Kid$ program not only teaches them about preparing a business plan and starting & running a business, it also teaches them collaboration and confidence to believe in themselves and their dreams that anything is possible. I’m so proud of the students at Hamshire-Fannett Middle School and can’t wait to see The Pencil Pouch flourish!” said Mandy Clayton, Five Point FCU director of financial education.   

Pencil PouchAs the winner, the Hamshire-Fannett Middle School class will receive the following:

  • A field trip to FivePoint FCU, including lunch at the restaurant of their choice;
  • Funds to purchase the company’s copyright;
  • A tablecloth personalized with the company’s logo (The Pencil Pouch)
  • A celebratory banner for the classroom;
  • Certificates;
  • Trophies.

Educator Tamra Basye will also receive a $500 gift card to Office Depot or the office supply company of her choice.  FivePoint FCU will receive a $1,500 grant to purchase BizKid$ box set DVDs, in turn donating to libraries, schools, after-school programs, etc. on their behalf.

“We are thrilled with the success of this pilot program and grateful to the National Credit Union Foundation for the opportunity. Students, educators and credit unions collaborated in a meaningful way. And drawing on each other’s strengths, all classrooms came up with creative and detailed business plans,” notes Moran. “I’m confident that this experience made an impression on students, and having gone through this exercise, they have a better sense of what it takes to be a successful entrepreneur. And perhaps more importantly, they understand how important it is as a consumer, and small business owner, to have that credit union relationship.”