Pennsylvania Bankers Association President & CEO Duncan Campbell joined Orrstown Bank Executive Vice President/Chief Retail/Communications Officer Luke Bernstein at Harrisburg Academy to celebrate Teach Children to Save (TCTS) Day, a national campaign to strengthen Americans’ financial literacy. During a visit with students in a junior kindergarten classroom, Bernstein unveiled Orrstown’s new Kids Banking initiative designed to encourage children and young people to adopt smart financial habits. On behalf of PA Bankers, Campbell donated financial literacy books to each of the children and to the school’s library.
Throughout April, National Financial Literacy Month and Financial Capability Month in Pennsylvania, more than 443 member bankers will present savings lessons to more than 11,200 students in grades K-8 across the commonwealth.
“When we take the time to teach our children about sound money-management principles like how to invest, save and spend wisely, we empower them to become knowledgeable consumers,” said Campbell. “Financial capability is a skill we need to nurture in young children, and it is incredibly energizing to see how eager these students are to learn good financial habits.”
Orrstown Bank shared their new Kids Banking program with the students (age 5) and introduced their new dog mascot. The bank is holding a dog-naming contest and accepted votes from the students.
“With Orrstown’s Kids Banking program, we make learning the basics of money and how to manage it a lot of fun for kids and we give parents interactive ideas on how to continue the learning at home as part of their family’s daily routines,” said Bernstein.
In addition to the more than 400 classroom visits PA bankers will make this month, the association offers several tools to help its members bolster their customers’ understanding of personal finances. The association commissioned a book, “My Savings Book and Journal,” that banks can use to foster financial awareness among young students and families while providing motivation, education and tips to help children understand the basics of good savings practices.
PA Bankers also offers consumers “My Money and Me,” a tool that assists families in keeping their financial know-how up-to-date. Teenagers and young adults can use it as a foundation to create healthy savings and spending habits. Topics include budgeting, saving for education, banking and building credit.
The association also joins with EverFi and the American Bankers Association (ABA) Education Foundation to offer financial literacy opportunities throughout the commonwealth. Bankers visit local schools in October when they present “Get Smart About Credit,” presentations that emphasize the importance of establishing and maintaining good credit. And, PA Bankers and its members help students earn financial literacy badges through activities with Boy Scouts/Girl Scouts programs.
Established by the ABA Foundation in 1997, Teach Children to Save Day and the Foundation’s other financial education initiatives have helped to reach 9.1 million young people through the commitment of more than 225,000 banker volunteers.