MEQUON — Kohler Credit Union will locate a small branch
in the lobby of the Homestead High School field house as
part of a sponsorship agreement that could funnel
$150,000 to the school district over 15 years.
Mequon-Thiensville School Board unanimously approved a
contract with KCU Monday that permits the branch for use
by students and staff, installation of an ATM in the
lobby and a variety of financial education resources for
part of the agreement, Homestead’s smaller main gym –
where most varsity basketball games are played – will be
named for Kohler Community Credit Union for the duration
of the sponsorship agreement.
Superintendent Demond Means called the agreement an
“innovative proposal” that has been nearly a year in the
making. He said the small branch – which will be built
over the summer at KCU’s expense – will provide valuable
experience to students who can be hired to work there in
tandem with a KCU employee.
credit union branch will be the first in a school in the
Milwaukee area, although they exist elsewhere, Means
said. This will be KCU’s fifth branch located in a
school. Others are in Sheboygan North, South and Central
high schools and Howards Grove High School, said Laura
Gabrielse, KCU’s vice president of communications.
Means said the relationship is about much more than
receiving income from naming rights. The school district
adopted a policy several years ago authorizing the
granting of naming rights for various school facilities.
A facility adjacent to the football stadium with team
rooms and a concession stand was named the Sommer’s
Automotive Pavilion last year.
will supply supplemental financial literacy materials to
support courses offered at Homestead High School and the
two middle schools. KCU also will supply guest speakers
for those classes.
President Tony Klockow said the credit union is
committed to supporting programs and initiatives that
strengthen the financial knowledge of its members and
pursuing our dedication to financial literacy, it became
apparent that working with our local school systems and
educators was a natural fit,” he said. “Having a branch
in a school setting sets the stage for real-world
exposure to financial management.”
Klockow added he and others at KCU look forward to the
new partnership with the M-T schools.
Homestead High School administration and School Board
recognize the importance of financial education,” he
said. “We’re honored and excited to help support their
desire to make sure their students have solid financial
Under the 15-year naming rights agreement, KCU will
provide $50,000 for the first five years and an
additional $50,000 in the second and third five-year
revenue will be used to “offset costs in operational
areas,” such as reducing class sizes, hiring additional
paraprofessional staff, assisting with areas that are
under-budgeted, paying construction costs or adding to
the district’s fund balance, according to a memo to
board members written by Means.
Board member Wendy Francour praised the arrangement,
calling it “generous, exciting and innovative.” She
added that having an ATM on campus will be a convenience
for students, staff and visitors.
think it’s a huge win for our staff, our students and
our district,” she said.
is a $340 million not-for-profit financial cooperative
owned and governed by its members. Membership is open to
anyone who lives or works in Ozaukee, Sheboygan,
Calumet, Fond du Lac, Manitowoc, Milwaukee, Washington
and Waukesha counties. Locally, KCU has branches in
Mequon and Grafton.
While administrators and board members touted the
variety of benefits of the arrangement, member Stephanie
Clark jokingly pointed to a potential down-side of
having a branch and ATM in the field house lobby.
this is approved, parents will no longer be able to say,
‘I’m out of money’ at the concession stand,” she said.