Financial literacy is one of the highest priorities for FSR and its member companies. Financial literacy is a shared responsibility of the industry, government, and consumers. A broad understanding of financial concepts is crucial to maintaining financial stability. FSR strongly believes financial literacy should encompass the life cycle of an individual beginning in early childhood and moving well beyond retirement age.
Over the years, FSR and its member companies, working with non-profit partners have provided financial literacy resources and support to educate consumers in their local communities.
The Allstate Foundation’s Domestic Violence Program offers the “Moving Ahead Through Financial Management Curriculum” designed to help domestic violence victims reach personal financial security.
Bank of America partnered with the nonprofit Khan Academy to offer “Better Money Habits,” an online resource that offers videos on financial literacy topics such as understanding credit, home buying, and saving and
Bank Of Hawaii’s “Smart Money Seminars,” which are available to community members in Hawaii and the Pacific Islands, cover topics including fraud protection, budgeting and the basics of saving and investing.
Bank Of The West and the Corporation for Enterprise Development developed a financial education guide designed for taxpayers receiving assistance at Volunteer Income Tax Assistance (VITA) sites.
BB&T Corporation’s “Learn and Plan” webpage contains financial planning calculators, educational articles, and podcasts on topics like identify theft protection, maintaining a solid credit history, and taxes.
BMO Harris Bank’s “Helping Money Make Sense” webpage contains fact sheets to educate people on how to take control of their finances. It focuses on college savings plans, retirement, home insurance, and small business loans.
Capital One Financial Corporation’s “MoneyWi$e” combines multilingual online resources with community training and seminars to assist consumers at all income levels with financial decisions.
HSBC’s “YourMoneyCounts®” webpage offers resources for consumers including financial guides, calculators and quizzes on topics such as identify theft and establishing financial goals.
JP Morgan Chase & Co. developed the “Financial Education Library,” a series of financial education workbooks available online in English, Spanish, Chinese, Korean, and Vietnamese to guide consumers through banking, savings, managing credit, obtaining a mortgage and investing.
MasterCard’s “Priceless Pointers” interactive webpage provides financial planning
tools including a cash flow calculator, personal balance sheet, a glossary of financial terms, and video pointers on credit and personal finance.
Popular Community Bank participates in the “NYC Direct Deposit Program,”
which offers free checking accounts to employees who use direct deposit.
Principal Financial Group’s “Dream Again Planning Center,” a financial education campaign, delivers easy to use resources that aid people in creating a fi- nancial strategy during lifetime events such as marriage, college savings, and retirement planning and money management.
Raymond James Financial, Inc. partnered with “Project Prosper,” promoting successful economic and social integration for immigrants in Tampa Bay, Florida. Raymond James volunteers teach financial literacy courses and serve as mentors to immigrants as part of the loan application process.
RBS Citizen’s Financial Group, Inc.’s webpage “MoneyHelp®” is an online resource to help consumers gain control of their finances focusing on budgeting, credit, and insurance.
Regions Financial Corporation’s webpage “My GreenGuide®” offers money saving advice through an educational webinar series with financial experts, budgeting calculators, and articles.
State Farm participated in Financial Literacy Month in the April. It is a time when organizations place special emphasis on teaching and showcasing their financial literacy initiatives. It is one of many financial organizations that is engaging in financial literacy efforts year round.
TD Bank’s “Finance 101” webpage provides articles each month on money management strategies, saving, identity theft protection, and credit.
U.S. Bank’s “Credit Wellness Center” is an online tool that helps consumers take control of their credit score through tips about how to protect and maintain good credit scores.
Wells Fargo & Company’s “Hands on Banking® for Entrepreneurship Program”
is designed to help individuals learn and develop skills on how to best start, manage, and grow a business, as well as minimizing proper financial risk.
Bank of the West partnered with Operation HOPE, Inc. to create the “Banking on Our Future,” a financial literacy program for low-income students to teach banking basics. Once students complete the program, they are eligible to open a free savings account at Bank of the West.
Bank of the West also partnered with the National Theatre for Children to present “Mad About Money,” to teach students about the difference between a want and a need, as well as the importance of saving, budgeting and managing credit.
BBVA Compass’ “Team. Works. In Schools” is a joint effort with NBA Cares that guides elementary school students through fitness and basketball activities during a NBA FIT Clinic. BBVA Compass volunteers teach students in classrooms about good financial habits.
BBVA Compass’ “The Business of Sports Program” is the collaboration between Junior Achievement (JA), the Houston Dynamo and Dynamo Charities that gives high school students a behind the scenes look into the business of sports through panel discussions and networking opportunities with experts in the industry. Each student is required to complete a JA program as part of BBVA’s commitment to financial education.
BBVA Compass utilizes the FDIC’s “Money Smart” program, designed to help individuals develop financial knowledge and create positive banking relationships. It also utilizes the ABA’s “Teach Children to Save” and “Get Smart About Credit” curriculum for K-12 students and young adults.
Capital One Financial Corporation’s “Student Banker Program” provides high school seniors with the opportunity to operate a bank branch in their schools as student tellers and teach their peers about the importance of budgeting and saving. Students are trained by Capital One’s management and participate in a college application program.
Capital One Financial Corporation’s “Bank It,” a bilingual collaboration with the Search Institute, is designed to encourage students and parents to talk about the importance of personal finance and enhance their money management skills
Capital One Financial Corporation’s Junior Achievement’s joint online simulation, “JA Finance Virtual” allows secondary school students to role play and become “adults for a day,” by offering a variety of real-world financial scenarios such as developing a budget while maintaining a household.
Citi Community Development in collaboration with New York City immigration and education organizations developed “Your Children Can Go to College. Yes They Can!” a multi-lingual guide for parents that promotes college readiness and provides information about how to apply for scholarships and financial aid.
Citi Community Development offers a financial education curriculum with interactive online lessons, available in English and Spanish, for K-8 students, and classroom lesson plans for teachers on money management. The website offers financial management tools such as calculators, a glossary and a database of online resources.
Citibank opens college savings accounts with a $50 deposit for all students entering kindergarten in San Francisco as part of the citywide “Kindergarten to College Program.”
The Citi Foundation funds the “KIPP College Account Program (KCA),” an initiative that helps low-income students attend college. KCA provides assistance with opening college savings accounts and applying for merit based college scholarships, and includes financial education courses for participants from sixth grade to college.
Discover’s national “Pathway to Financial Success” program brings financial education into K-12 classrooms by providing underwriting support for The Council of Economic Education’s Learning, Earning, and Investing curriculum.
Fifth Third Bank’s “Young Bankers Club” is the company’s financial education curriculum that teaches money management fundamentals to fifth grade students.
Genworth Foundation’s statewide K-12 education initiative, “My Money My FutureSM” helps students in Virginia understand personal finance and economics with professional training for teachers and innovative online resources for the classroom.
M&T Bank offers “M&T@Work” which includes financial education seminars and individual consultations with financial professionals on topics such as buying a home, saving for college, planning for retirement and understanding financing options.
Popular Community Bank partners with Operation HOPE, Inc. to teach the “Banking on Our Future.” a financial literacy program for low-income students that teaches the basics of banking. The Popular Community Bank Foundation contributed funding to support this program in the Los Angeles, California area.
Principal Financial Group funds The “Iowa Financial Literacy EverFi Program,” a 10 unit course which helps K-12 students develop skills and knowledge in personal finance to make informed and effective decisions across Des Moines, Iowa.
Raymond James Financial, Inc. teaches economics and basic money management to eighth grade students at Academy Prep in St. Petersburg, Florida. Students engage in activities at a school-based Finance Park, an interactive simulation where each student is given a set of life circumstances that allows them to practice managing their finances.
Regions sponsors an interactive web-based “Financial Scholars Program” designed to help high school and undergraduate students develop essential skills needed to make good financial decisions, such as saving for higher education.
State Farm Insurance Company’s “Make It Possible Program” hosts “A Slice of L.I.F.E.™” financial education workshops for under served young adults, covering topics including the home buying process, the importance of credit, buying a car and making financial goals.
SunTrust Banks, Inc. partners with Operation HOPE to teach the “Banking on Our Future” program about financial literacy in Atlanta, Baltimore, and Washington D.C.
TD Bank’s “Wow!Zone” is an online learning tool designed to help students develop strong financial skills.
TD Bank’s “Summer Reading Program”rewards children who read 10 books with a $10 deposit into a new or existing Young Saver account.
Union Bank’s “Financial Scholars Program”teaches students about banking and money management.
U.S. Bank partnered with Nebraska Omaha(UNO) Center for Economic Education to deliver the “Bank in School Program,”a money management and interactive banking experience for elementary school students
U.S. Bank’s “Economic Empowerment Program” trains teachers on financial literacy through California State University Fullerton’s Center for Economic Education. It also offers the Youth Individual Development Account (IDA) program, so low and moderate income high school students can save money for post-secondary education.
U.S. Bank’s “Financial Genius Program,” guides 17 to 22-year-olds through online modules on topics such as financing higher education and understanding the NYSE. Teachers are provided with resources and training tools to motivate students to make positive financial decisions.
U.S.Bank’s “Center for Economic Education” at Dominican University works to improve the level of economic education for K-12 students in Chicago by providing professional development programs for teachers. U.S. Bank also works with local non-profit organizations to offer classes and seminars for adults
U.S. Bank partnered with Build-A-Bear Workshop® to provide virtual games and online activities for K-6 students.The virtual world “Bearville” represents real bank branches where students can make deposits, earn interest, work as tellers and count currency to broaden their financial literacy.
Visa’s “Practical Money Skills for Life Program” helps teach the fundamentals of personal finance through interactive resources that educate parents and consumers. The program also offers a comprehensive classroom curriculum for pre-K through college educators, with teacher guides and student activities.
Visa and the National Football League teamed up to develop “Financial Football,”an online NFL themed video game that allows people to test their money management skills by answering financial questions
Wells Fargo & Company’s “Hands on Banking®Program” offers interactive online resources and free instructor guides with classroom lessons designed to guide students through real life scenarios, group discussions and other activities about money management.
AXA Financial, Inc.’s “Women’s Guide to Retirement & Retirement Planning”is an online resource containing articles, budgeting tools and videos on topics such as college savings, debt, social security and life insurance.
Bank of America developed “Savvy Saving Seniors, Steps to Avoid Scams,”an easy-to-use guide for seniors citizens, informing them of common scams, ways to protect themselves from fraud, and tips to protect their identity.
Bank of Hawaii “Smart Money Seminars” – One of the “Smart Money Seminars” focuses specifically on Elder Financial Exploitation. They have been held at senior care homes, retirement homes, senior clubs, church groups, senior fairs, senior community events, local government groups, etc.
Bank of the West and the non-profit Elder Financial Protection Network offer nationwide “Be Aware, Protect Your Assets” seminars for senior citizens, family members and caregivers.
Capital One Financial Corporation’s “Money Wi$e” offers an online resource to help senior citizens avoid elder fraud.
Comerica Bank Elder Abuse Campaign – Comerica launched its own campaign for “World Elder Abuse Awareness Day” in order to educate and spread awareness about elder abuse in America. They held a series of seminars in order to warn and protect Elder Americans. Comerica also created an “8 Question” pamphlet detailing the most common scenarios Elder Americans encounter with fraudsters.
Edward Jones Informational Sessions – Edward Jones created a series of handouts describing a multitude of common scams that target seniors, including common scenarios, red flags and prevention tips for each. Additionally, financial advisors conduct informational sessions to educate investors on recognizing possible issues and protecting themselves and their loved ones from falling prey to fraud.
HSBC Bank Campaign – A HSBC bank-wide Financial Elder Abuse Awareness Campaign was launched in partnership with the Manhattan District Attorney’s Office and Adult Protective Services (APS).
M&T Bank “Hints and Tips” and eLearning Course – M&T Bank created a “Hints and Tips” fact sheet for older Americans explaining some possible warning signs before they become victims of fraud and abuse. M&T Bank also created an eLearning course for its employees on how to properly detect and address fraud and abuse against older Americans.
Regions Bank Online Resources – Regions Bank created handouts as well as online resources to educate their older American customers on financial abuse. They also provide hotlines and services for those wanting more financial education regarding how to protect themselves from scammers and fraudsters.
Union Bank Volunteerism with the Elderly – “Our Gang” Travel & Enrichment member-based Club, Union Bank client-members aged 50 and up, have the opportunity to participate in the bank’s Elder Financial Fraud Protection Seminars.
Webster Bank 2014 Free Elder Abuse Seminars –Webster Bank is showing its commitment to the seniors by continuing their year-long initiative to prevent elder financial abuse. Special seminars for seniors and their families are being held to understand, identify, and respond to fraud. Webster is holding a total of 80 seminars.
Wells Fargo & Company’s “Hands on Banking® for Seniors Program” teaches seniors healthy financial habits, as well as how to avoid financial abuse. Topics include retirement planning, spending management and healthcare cost issues.
Bank of Hawaii BOH partners with the Military Family Resource Center to align with its mission of providing financial education to active, retired and military family members. BOH offers SmartMoney Seminars—Military Series up to twice per quarter. Topics include estate planning, long-term care, fraud protection/identity theft and budgeting and credit. Various bankers support the Military Series by presenting financial topics at the Military Family Resource Center. BOH also provides a similar program to the Marines at the Kaneohe Marine Corps Base Hawaii.
Citi Community Development’s “CredAbility ReConnect” provides customized online financial education and 24/7 financial counseling to all active duty military servicemembers, survivors and their families. The program is designed to help resolve financial difficulties and build economic security.
Discover Financial Services’ “Military Work at Home Program” provides training, resources, and jobs within the financial services industry for veterans and their family members. Discover also actively supports “Operation Homefront”.
Fifth Third Bank’s “Military Banking” provides unique banking benefits and privileges to military servicemembers.
KeyBank’s “Military Inclusion Networking Group”represents one of the nine internal Business Networking Groups at KeyBank, focused on professional development and broadening networks. This group helps military service members by packaging supplies and sending financial resources to servicemembers when they return home.
PNC Financial Group partners with organizations such as RecruitMilitary, Orion International, Hero2Hired, Hiring Our Heroes, the Department of the Army, and Soldier for Life, and Marine for Life to reach out to the veteran and active military community regarding employment opportunities within PNC Financial Group.
State Farm Insurance Companies posts vacancies on military job boards, advertises in military publications, participates in virtual and in-person military job fairs, and supports military causes through philanthropy.
SunTrust Banks, Inc. partners with the U.S. Chamber of Commerce’s “Hiring Our Heroes program,”a nationwide initiative that helps veterans, transitioning service members, and military spouses find employment at organizations like SunTrust.
SunTrust Banks, Inc. also participates in “Military Saves Week,”an annual program promoting good savings behavior for military service members and their families.
Synovus Another important segment for CB&T is new military recruits at Ft. Benning, Georgia. Managing a checking account is a first-time experience for many of the soldiers. Immediately after opening a new account, new recruits attend a 20-minute class on basic checkbook management and ATM usage. At the end of basic training, the same soldiers attend a one-hour class that includes information on credit and credit history, checkbook maintenance, check cards, credit cards, loans, fraud protection, online banking, how to avoid non-sufficient funds fees, and how to close a checking account. CB&T’s goal is to ensure that the soldiers have full financial support from the outset of their military career.
Toyota Military.com provides access to tools and workshops that promote good money management practices through ongoing education programs delivered to military members and their families.
Trustmark offers a 12 week Military Internship Program to help veterans ease back into civilian life. The internship provides participants with Trustmark employee mentors, job search education and assistance, bank work experience, and networking opportunities. Trustmark hires interns after completion of the internship provided that there are available positions.
Unum’s Accelerated Leadership Development Program targets military officers transitioning from active duty who are looking to learn more about the financial services industry.
Wells Fargo & Company’s “Hands on Banking® for Military Program,” offers 10lessons on topics such as the basics of banking, career transitions, and planning for retirement to assist with financial education challenges facing military members, veterans and their families.
BBVA Compass participates in “Bank On Programs,” “Bank on Central Florida,” “Bank on Dallas,” “Bank on Houston,”and“Bank on Alabama.” BBVA provides low-income, unbanked and underbanked consumers with a free or low cost “second chance” bank account and access to financial education.
BBVA Compass promotes accessibility to their products and services through their “Safespend Card” and the “Optimizer Credit Card.” The Safespend Card is a prepaid Visa debit card, which features no overdraft fees, free online banking and free online bill pay.
Citi Foundation’s “Financial Capability Demonstration Project” includes training events and resources for non-profit organizations interested in strengthening financial education programs for consumers at the state and local level.
Citibank’s “Chicago Credit Building Coalition” expands financial inclusion for low-and-moderate income residents by complementing existing financial education programs with financial tools provided by Citibank that supports credit building.
City National Bank participates in “Bank On Los Angeles” to increase access to affordable banking products for the unbanked and under banked, and to provide education in basic banking.
KeyBank’s “Plus Program” offers products and services for customers who are new or unfamiliar with banking, along with “Learn and Earn” financial education and awareness classes about banking, savings and credit.
M&T Bank is part of the “Creating Assets, Savings, & Hope” where employee volunteers work as financial coaches and tax preparers to support the Income TAXi, a mobile assistance unit that travels to rural and suburban areas with tax assistance services. Employee volunteers also work in financial assistance centers in two impoverished neighborhoods in Buffalo, New York.
M&T Bank is a financial partner for “Bank On Manhattan” a program designed to break down the barriers keeping unbanked and underbanked citizens from opening free and low-cost checking accounts.
Popular Community Bank is a financial partner for “Bank On Manhattan,” a program designed to break down the barriers keeping unbanked and underbanked citizens from opening free and low-cost checking accounts.
Popular Community Bank offers “The Safe Start Savings Program”for the unbanked and underbanked community. Bank branch associates lead financial literacy sessions and facilitate the opening of no cost and low cost saving accounts.
Popular Community Bank helps parents and teens open “SafeStart Savings Accounts” with “Family Rewards Program.” The program offers monetary city incentives for health check-ups, job training sessions, maintaining full-time employment and school attendance. The funds are deposited directly into the savings account.
Webster Bank is a financial partner in “Bank On Connecticut” to increase access to affordable banking products for the unbanked and underbanked and to provide education in basic banking.