Youth Savings Program Launched By FDIC Wraps Up, Elementary School Students Tour Fidelity Bank

METAIRIE, LA – Yesterday, Thursday, February 4, 2016, Rudolph Matas Elementary School students took a tour of Fidelity Bank’s Veterans Blvd. branch, 3829 Veterans Blvd., to interact with bank employees and participate in a question and answer session concluding a month-long partnership where bank officials introduced more than 70 5th grade students to financial principles such as credit and debit cards, savings, calculating interest and budgeting.

         The bank-school partnership is a part of the FDIC’s Youth Savings Pilot Program which seeks to strengthen bank and school relationships. Fidelity Bank was one of 12 banks throughout the country and one of two in Louisiana that was selected by the FDIC to participate in the program.

         During the three financial education sessions that took place during January, students also learned about risk evaluation, smart purchasing habits and short and long term goals. Fidelity Bank provided the parents of students with information that enables them to help their child learn the importance of money and budgeting as well as how to schedule savings goals and invest money. The financial education sessions directly correlated with the lesson plans and classroom objectives of the math department at Rudolph Matas. The FDIC’s Youth Savings Pilot Program is versatile in its design and is tailored to the needs of individual schools and school districts.

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         The FDIC created the Youth Savings Pilot Program to financially educate young students about financial services and school-based savings programs to help them manage their money more effectively as they mature.

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Karen Coleman, Fair Lending Officer at Fidelity Bank, discusses the process that Fidelity Bank tellers use to count and package money to Rudolph Matas students.

 

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