First Security Bank & Trust partnered with Central Springs Elementary School to continue the Teach Children to Save Campaign with savings education on May 3. More than 100 Central Springs 4th and 5th grade students explored the importance of understanding the difference between needs and wants and how to budget in a lesson presented by First Security employee, Tiara Grady, Retail Banking Supervisor in Nora Springs.
“I was honored to spend time with the Central Springs 4th and 5th graders! They are a great group of kids with a bright future ahead of them,” commented Grady. “I am proud to be a part of a community where our teachers invest time in the financial future of our children, and I am happy to share my banking knowledge with them.”
Above: Central Springs students working hard to finish their worksheet about 'needs' versus 'wants'.
First Security has partnered with EverFi since 2009 to bring financial literacy programs to local students in 15 schools across North Central Iowa at no cost to schools or taxpayers. The programs feature an interactive new-media learning platform specifically designed to introduce financial literacy skills early in a child’s cognitive development.
“Data shows that rigorous financial education delivered early in a young person’s development leads to positive financial behaviors later in life," said Kurt Herbrechtsmeyer, President/CEO of First Security. “By providing students with the knowledge and skills they need to make smart financial decisions, we are investing in the future economic well-being of the communities we serve in Iowa.”
The 2.5-hour curriculum for elementary school aged students aligns with state and national financial education standards and prepares students to be responsible stewards of their financial future. Topics include banking basics, savings, budgeting, credit and debt, income, and investing.
There is also a separate program designed for high school aged students. The 6-hour curriculum is a challenging but engaging course that aligns with state and national financial education standards. It offers an in-depth and age appropriate view into topics such as banking, budgeting, savings, payment types, credit and debt, income, investing, and financing higher education.
The platform uniquely tracks the progress and performance of every student. Students who completed EverFi's financial literacy programs increased their scores on financial literacy assessments from a D average to a B+. In the critical areas of understanding and monitoring credit, and financing higher education, twice as many high school students report feeling prepared to manage their financial futures after participating in the program.
First Security Bank & Trust has nearly $500 million in assets, with locations across North Central Iowa and headquarters in Charles City. Please visit www.1stsecuritybank.com for additional information. Member FDIC.
*Please be advised that you are leaving First Security Bank and Trust's website. These links are provided as a courtesy. First Security Bank and Trust does not endorse or control the content of third party websites.