FCBank determined many years ago that there was a need to help area schools with the critical task of providing financial literacy programming for students in its communities. According to the American Dream Education Campaign, “Students between the ages fifteen to twenty-one report that they feel unprepared to face the complex world of the twenty-first Century.”
During the 2016-2017 academic school year, FCBank continued its tradition of teaching students the importance of financial literacy. To date, more than 1,560 high school students in 20 schools throughout the FCBank market area have taken the How To Do Your Banking program. In addition, more than 1,000 elementary students in 41 schools throughout the FCBank market participated in the Saving with Mandy and Randy program.
Both programs focus on financial literacy and were first introduced to area students by FCBank in 2013. How to Do Your Banking uses interactive video to teach high school students the value of good credit, how to determine their own capacity to borrow and repay, and what they can do as young adults to build good credit.”
Saving with Mandy and Randy is developed for second graders and focuses on basic money skills and savings principles. Students learn vocabulary words related to savings, identify and count coins, add and subtract dollars and cents, complete activity sheets and practice savings skills, even completing deposit tickets for savings accounts. For each program, a bank representative is made available to the classroom to support the teacher, facilitate discussion and answer questions.
“By sponsoring this program, we are reaching children at an impressionable age. If we can help them learn good money habits right from the start and raise their level of financial responsibility, it will be advantageous for them and the community alike as they grow into adulthood,” stated Tracy Cleland, FCBank Universal Associate and school representative.
A teacher from Crestline Elementary School commented, “We love having the guest speakers!”
“Research shows that young people’s attitudes about handling money are determined by the time they finish 5th grade,” said Annette Lester, FCBank Community Office Manager and school representative. “As the area’s leading community bank, we are committed to working with our schools to provide students with the tools they need to become fiscally responsible adults.”
FCBank, a division of CNB Bank, is a $2.6 billion bank that has been and will continue to be developed in Central Ohio by local business people. The local decision-making provided at FCBank offers a high level of dedication and service to the communities within the Columbus and Central Ohio region.