Student-Powered Credit Union Holds Ribbon-Cutting, Highlights Real-World Experience
Video by Bobby Oliver/Marist University.
September 16, 2025 鈥� Excitement filled the Dyson Center as Marist students shared how they鈥檙e gaining real-world experience through the student-powered credit union they conceived, Red Fox Financial (RFF). Last week鈥檚 ribbon-cutting ceremony, hosted by Marist University and Hudson Valley Credit Union (HVCU), celebrated the launch of the on-campus credit union, where hands-on learning drives the future of finance.
鈥淥ur students, faculty, and staff have worked incredibly hard to support this launch and make this new hands-on learning experience possible,鈥� said Dr. William Lamb, Dean of Marist鈥檚 School of Management. 鈥淚鈥檇 especially like to thank our partners at HVCU for the enormous investment in time, thought, and resources they have made in this project. They鈥檝e shown so much dedication to creating a positive learning experience for Marist students.鈥�
Although the ribbon cutting kicked off the fall semester, Marist Red Fox Financial officially opened for business in February and has been serving the Marist community since. Marist Red Fox Financial has already welcomed more than 50 members and reached nearly $3.1 million in deposits, putting it close to its annual goal of $3.34 million.
Students, faculty, staff, and alumni have already begun taking advantage of its offerings, which include savings, checking, and money market accounts, as well as loan and credit options and digital banking solutions鈥攁ll delivered through a cashless, model.
"It was really special being a part of the ribbon cutting and what it represents," said Shyamal Amin '26, RFF Club President. "When we set out to create Marist Red Fox Financial, the goal was always bigger than just managing accounts. We wanted to build a platform where students could gain financial experience, practice leadership, and make a creative impact on the community. A credit union by students, for students.鈥�
A look inside Marist Red Fox Financial student-powered credit union in the Dyson Center. Photo by Nelson Echeverria/Marist University.
The branch has hired 12 students, including seven this fall, and stands out as Hudson Valley Credit Union鈥檚 first fully cashless branch and the first to feature an Interactive Teller Machine (ITM) with a live agent. A student mock board and new internship opportunities have also been established, ensuring Red Fox Financial continues to grow as both a service to the Marist community and a training ground for student leaders.
鈥淲e started Marist Red Fox Financial because we wanted there to be a place on campus where students could learn the basics of managing their finances and leave college feeling independent and knowledgeable enough to handle things on their own,鈥� said Layla Keen 鈥�25, Red Fox Financial Co-Founder. 鈥淲e also wanted to create opportunities for students to get jobs on campus and educate each other.鈥�
University leaders, HVCU executives, HVCU board members, student representatives, and members of the Marist community all gathered to commemorate the launch. Staffed by student relationship advisors, the branch gives students opportunities in financial management, marketing, HR, and operations.
鈥淲e鈥檙e proud to partner with Marist University on this groundbreaking initiative that empowers students to take charge of their financial futures,鈥� said Rick Lionhood, Executive Vice President and Chief Banking Officer at Hudson Valley Credit Union. 鈥淢arist Red Fox Financial is more than a branch 鈥� it鈥檚 a living classroom where students gain real-world experience while serving their campus community. This collaboration reflects our shared commitment to education, innovation, and financial wellness.鈥�
Located on the first floor of the Dyson Center, the credit union is supported by HVCU professionals who mentor students through real-world financial projects. Many of the student advisors are members of the Marist Red Fox Financial Club and employees of HVCU, bridging academic learning with professional development.
鈥淭he partnership is something completely new, and I鈥檝e never experienced anything like it,鈥� said Madison Chan '26, MRFF Club Vice President. 鈥淲orking with an outside credit union means it isn鈥檛 just a club鈥攊t鈥檚 an opportunity I can put on my resume and gain real-world experience from.鈥�
Marist Red Fox Financial students and Hudson Valley Credit Union employees. Photo by Nelson Echeverria/Marist University.
鈥淭here are only a handful of student-run credit unions in the country, and 蜜月直播 is now part of that very select group,鈥� said Jonathan Roberts, President and CEO of Hudson Valley Credit Union. 鈥淎s a member-owned cooperative, our mission is to provide value to our members and our community, and Red Fox Financial is a unique way to invest in the next generation of leaders.鈥�
A Hub for Experiential Learning
Marist Red Fox Financial is the latest addition to the University鈥檚 expanding portfolio of , joining initiatives such as the , , and . Through these initiatives, Marist students engage in hands-on experiences鈥攆rom research and study abroad to service learning and internships鈥攖hat enrich their education, deepen their understanding, and broaden their global perspectives.
