The American Bankers Association helps bankers make their communities better through financial education. It is best known for operating two, banker-driven, financial education programs, Teach Children to Save and Get Smart About Credit. ABA also hosts the Lights, Camera, Save! video contest. This three-year-old initiative is under the Teach Children to Save umbrella.
Through its national programs, the ABA has helped a grassroots network of 145,350 dedicated banker volunteers teach personal finance skills to more than 6.6 million children, teens and young adults. Bankers have been engaged in financial education efforts for more than 85 years ago..
Teach Children to Save is a national campaign that raises awareness about the important role that banks and bankers play in helping young people develop lifelong savings habits. Participating bankers trade in their balance sheets for black boards and teach students personal finance skills through activities, interactive scenarios and sharing real-life experiences. The lessons cover the basics of saving, how interest makes money grow, how to create a budget and how to distinguish needs from wants. Teach Children to Save efforts have reached 5.6 million young people throughout the U.S. and its territories, through the efforts of nearly 122,000 bankers through its annual awareness day and presentations throughout the year. Teach Children to Save 2013 is Tuesday, April 23.
Lights, Camera, Save! is a first-of-its-kind video contest designed to encourage young people to use the power of video to communicate to peers and others the value of saving and using money wisely. View 2013 winners’ and finalists’ videos, as well as videos from previous years, on YouTube.com/TeachChildrenToSave. The videos produced for this contest has unique savings “edutainment” infused with the vision and creativity of youth. Students may enter the Lights, Camera, Save! contest by submitting their 60-90 second video to a local participating bank. The 2013-2014 contest commences November 1, 2013.
Get Smart About Credit is national education program that helps bankers teach young adults the ABCs of wise credit use. Bankers go into classrooms, connect with youth groups, and visit college campuses to help young people learn how to budget, use credit responsibly and build a positive payment history. When young adults learn the dos and don'ts of credit early on, they are better prepared to make smart financial choices throughout their lives. Annually held on the third Thursday in October, the next Get Smart About Credit event takes place Thursday, October 17, 2013.
SVP, Bank Community Engagement
American Bankers Association
1120 Connecticut Avenue, NW
Washington, DC 20036
Jump$tart Coalition for Personal Financial Literacy