Northwest Bank Celebrates Financial Literacy Month with Local Students!
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on Wednesday, May 1, 2024
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Community News
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Image of: Estherville Lincoln Central Elementary Students
Northwest Bank employees are truly committed to the communities we serve, and it is our privilege as bank leaders to have the opportunity to share our knowledge and teach our youth the value of becoming lifelong savers. We encourage financial responsibility at a young age, which in turn will strengthen and maintain our thriving communities for years to come.
Throughout the month of April, our employees shared important lessons on saving money with local community students as part of the American Bankers Associations’ (ABA) National Teach Children to Save Program. Since becoming Teach Children to Save Champions in 2012, we have had the privilege of educating almost 21,000 students in partnership with the ABA through this national program. The educational presentations allow our bankers the opportunity to teach students financial skills through activities, interactive scenarios and sharing real-life experiences. The lessons we teach cover the basics of saving, how interest makes money grow, how to cut spending, and how to distinguish needs from wants.
The ABA Education Foundation’s Teach Children to Save Program along with other financial education initiatives have reached 11.6 million young people with the help of more than 275,000 bankers who increase financial literacy through hands-on learning and raise awareness about the important role that banks, and bankers play in helping young people develop lifelong saving habits.
“Familiarizing students with financial education fundamentals at an early age puts them on a path to becoming smart money-managing adults,” said Joe Conover, President of Northwest Bank. “Teach Children to Save is a great opportunity for us to share our passion for financial education and improve our local community.”
This year we had the privilege of educating over 2,000 students. We have a passion for educating our youth about financial literacy and look forward to these special events each year giving our youth a foundation for financial success in the future.
Northwest Bank is a $2.9 billion community bank that offers a full line of business, agricultural, mortgage, consumer deposit and lending services as well as wealth management and insurance services. Northwest Bank has offices located in Afton, Algona, Ames, Arnolds Park, Ankeny, Creston, Estherville, Fort Dodge, Humboldt, Le Mars, Milford, Shenandoah, Sioux Center, Sioux City, Spencer, Spirit Lake, West Des Moines, Iowa and Omaha and La Vista, Nebraska.