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 Purple Purse offers Moving Ahead Through Financial Management curriculum designed to empower domestic violence victims to achieve personal financial security so they can break free and live free from their abusers.
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
BBVA Compass The BBVA Compass Center for Financial Education offers its online and in-person adult financial education curriculum in partnership with EverFi. The program is designed to help people acquire knowledge on how to purchase a home and manage their personal finances, as well as equip small businesses with the financial management tools to successfully grow and maintain a healthy business. Click here to see how BBVA Compass’ volunteers are creating opportunities within their communities.
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.
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.
CIT has partnered with the global financial dignity and empowerment nonprofit Operation HOPE Inc. to open a HOPE Inside at multiple locations of its OneWest Bank branches in Southern California. HOPE Inside OneWest Bank provides free, valuable financial literacy tools to customers and small businesses including credit counseling and money management coaching.
People’s United Banksoffers a free financial education program utilizing the FDIC Money Smart Program and American Bankers Association curriculum. The age-appropriate lesson plans for grades K-12 aligns to education standards and learning outcomes, including Common Core State Standards in mathematics and English Language Arts. People’s United Bank representatives work in collaboration with schools, nonprofit organizations, and other community groups interested in providing youth with a strong foundation in personal finance.
Raymond James Financial partnered with “Project Prosper,” promoting successful economic and social integration for immigrants in Tampa, Florida. Raymond James volunteers teach financial literacy courses and serve as mentors to immigrants as part of the loan application process.
Regions associates offer “Regions Financial Fundamentals,” a collection of easy-to-understand and action-oriented financial wellness seminars, in the community and the workplace on topics such as saving for retirement, wise use of credit, home ownership and other banking basics.
Regions Bank’s “Insights by Regions” is a free online resource with financial tools, tips and calculators designed to help consumers manage money with confidence.
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.
Toyota Financial Services in collaboration with great partners like Girl Scouts of the USA, Junior Achievement USA, AFSA Education Foundation, and Jump$tart, is committed to sharing our financial expertise, philanthropic donations and volunteer efforts to help youth and underserved communities build financial empowerment skills. Additionally, TFS has created a learning center and sponsored community events to help consumers make more informed vehicle purchase & finance decisions.
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 provides Hands on Banking, ® a free financial education program, as a public service. The online learning center provides interactive resources in both English and Spanish for anyone who wants to learn more about responsible money management with courses for kids, teens, young adults, adults, entrepreneurs, service members, and seniors.
BB&T Financial Foundations –This partnership with EverFi, Inc. provides online financial education to high school students throughout our footprint (see attached flyer for more information)
BB&T Transit – This partnership with EverFi, Inc. provides online financial education to college students in select Historically Black Colleges and Universities (HBCUs)
BB&T partners with Cemark, Inc. to provide workbook style financial education to elementary, middle school, high school and college students
The BB&T Bank Bus to provide hands-on educational opportunities at community centers and schools
BB&T supports the Junior Achievement programs in Elementary, Middle, and High Schools
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.
BBVA Compass BBVA Compass offers the Future Builders Program through its partnership with EverFi. The program is designed to help young people, from elementary to high school, make choices in real-life scenarios to best achieve important goals around saving and job planning.
CIT and its Southern California retail bank OneWest Bank, have partnered with Junior Achievement (JA) of Southern California to support their mission to inspire and empower over 70,000 young people through financial literacy, workforce readiness, and entrepreneurship education. JA’s volunteer mentors – including CIT employees – will lead students through their signature financial education programs.
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.
First Tennessee‘s Education & Empowerment Program uses Operation HOPE’s Banking On Our Future curriculum to teach students about financial literacy. Our employees are trained to teach the 5-week course to low-to moderate income students in the communities we serve. First Tennessee also supports Junior Achievement model cities where students simulate earning a living and budgeting.
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.
People’s United Bank offers a free financial education program utilizing the FDIC Money Smart Program and American Bankers Association curriculum. The age-appropriate lesson plans for grades K-12 aligns to education standards and learning outcomes, including Common Core State Standards in mathematics and English Language Arts. People’s United Bank representatives work in collaboration with schools, nonprofit organizations, and other community groups interested in providing youth with a strong
Raymond James Financial 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 Bank partners with companies such as Scholastic and EverFi as well as organizations like Junior Achievement to teach financial education basics to children and young adults by bringing age-appropriate financial lessons into classrooms for elementary, middle school, high school and college students.
Regions Bank sponsors a free online educational program developed to teach key math skills to kindergarten through eighth grade students while reinforcing the importance of financial responsibility. In conjunction with Scholastic, “Adventures in Math” provides teachers and parents with age-appropriate resources, as well as online educational games for students.
Regions Bank supports high school and college students with a scholar athlete financial education game that is an app for iPhone, iPad and Android. The game teaches banking fundamentals while students putt and drive their way through life as amateur collegiate golfers. We also work with colleges and universities in our footprint to offer financial education to student athletes and incoming first-year students.
State Farm ®’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.
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.
Toyota Financial Services, in partnership with Girl Scouts of the USA developed, “Driving My Financial Future,” to enable girls to become financially savvy leaders, give them real-life, age-appropriate financial skills, and provide them with the tools necessary to make a positive influence in their communities and the world.
Union Bank’s “Financial Scholars Program”teaches students about banking and money management.
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 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.
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Assurant – To promote financial fitness among their employees, Assurant launched a multi-year financial education “Savings Matters” campaign in 2015. To encourage retirement adequacy and saving for the future, the company currently offers a per-pay-period match of up to six percent for employees’ pre-tax 401(k) contributions. Employees may participate in webinars provided by Vanguard, the company’s 401(k) Plan record keeper, on various financial topics and discover new tools and ways to get and stay on track for a more financially secure future. Assurant also provides an annual Guide to Retirement Planning as a tool to help employees think about issues to consider when planning for retirement.
Link to “Savings Matters” quiz for employees: https://retirementplans.vanguard.com/ekit/pages/assurant/quiz/index.html
Financial education is part of the overall Associate Well-Being Program, which focuses on the following five components: Career, Community, Financial, Physical, and Social
Associate Banking is a program specifically designed to make BB&T associates successful. A dedicated team works with associates to provide appropriate financial products, services, guidance and beneﬁts necessary for achieving financial security.
Webinar Resources focusing on budgeting, establishing good financial habits, using financial calculators, building savings, estate planning, investing, etc. are available.
BB&T University provides access to online self-paced courses in understanding money and financial markets, the basics of finance, and financial accounting.
The BB&T Chapter of Young Leaders United, in Winston-Salem, NC, is offering a session on personal financial management for associates and spouses. The goal of the class is to show how everyone can become a millionaire by retirement through sound financial knowledge.
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.
BB&T -BB&T uses FDIC MoneySmart for Older Adults program to prevent financial exploitation. This program is an online course and details ways elders are vulnerable and what can be done to detect and protect them from financial abuse.
BBVA Compass The BBVA Compass Center for Financial Education offers its online and in-person adult financial education curriculum in partnership with EverFi. The program is designed to help people acquire knowledge on how to purchase a home and manage their personal finances, as well as equip small businesses with the financial management tools to successfully grow and maintain a healthy business. See how BBVA Compass volunteers are creating opportunities within their communities through homeownership and small business workshops
BBVA Compass EverFi’s @Work is another online platform designed to empower adults with the skills to successfully manage their finances and plan for a prosperous future. It is a 90-minute,computer-based program that includes eight learning modules that cover topics from savings and investments to identity protection.
Capital One Financial Corporation’s “Money Wi$e” offers an online resource to help senior citizens avoid elder fraud.
First Tennessee’s Education & Empowerment Program sponsors HOPE Inside locations where financial coaches located in our branches provide financial counseling to adults and small businesses.
People’s United Bank ‘s “Masters Program” is designed for senior citizens and community members to help safeguard seniors from financial exploitation, scams, and other criminal activity. Working in collaboration with law enforcement, senior advocacy agencies and businesses, the Masters Program provides educational programs, seminars, events and training in the communities the bank serves. In addition to the Masters Program, People’s United Bank utilizes the American Bankers Association Safe Banking for Seniors Program and the FDIC Money Smart Program for Older Adults.
Regions Bank offers online resources and in-person learning opportunities to educate older Americans on ways to identify and avoid financial abuse. Regions also provides online financial tools and tips for retirees through “Insights by Regions.”
Wells Fargo & Company’s Hands on Banking program provides financial resources for seniors and their caregiver’s, individuals nearing retirement, and retirees, including information about retirement strategies, managing finances, recognizing and preventing elder financial abuse, social security, insurance, and estate planning.
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”.
Regions Bank provides online and in-person resources for military service personnel and their families. Through “Insights by Regions,” service members can find financial tools and tips online. Through the “Regions Financial Fundamentals,” Regions associates can deliver in-person financial wellness seminars
State Farm ® 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.
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.
Wells Fargo and Company provides Hands on Banking® for Military, a free financial education program that addresses financial challenges for service members, veterans, and their families at each stage of their career, with targeted lessons focused on career transitions, savings, and planning for retirement.
BBVA Compass The BBVA Compass Center for Financial Education offers its online and in-person adult financial education curriculum in partnership with EverFi. The program is designed to help people acquire knowledge on how to purchase a home and manage their personal finances, as well as equip small businesses with the financial management tools to successfully grow and maintain a healthy business. <>See how BBVA Compass volunteers are creating opportunities within their communities through homeownership and small business workshops
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.
CIT and its Southern California retail bank OneWest Bank, have pledged a five year commitment to the University of Southern California’s Cecil Murray Center for Community Engagement. This partnership supports a new financial fitness program that will offer financial literacy training to thousands of community leaders with the goal of promoting economic development in low- to moderate-income Los Angeles neighborhoods.
First Tennessee partners with the “Bank On” initiative to provide resources to the unbanked population in our markets. We also offer Access Checking tailored to serving those who may not meet traditional banking service requirements. The goal of these accounts is to help unbanked consumers avoid falling prey to check-cashing companies and payday loan providers.
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.
People’s United Bank representatives work with nonprofit organizations, and other community partners serving low-income populations, to deliver the FDIC Money Smart Program for Adults, which was created to help individuals, particularly the unbanked and underbanked, learn the basics of banking and how to manage their personal finances.
Regions Bank works with Operation HOPE to offer HOPE Inside Centers in Birmingham and Selma, Alabama, Jacksonville, Florida, St. Louis, Missouri, Grenada, Mississippi, and Paducah, Kentucky to foster economic empowerment and financial self-sufficiency. The bank also partners with Inner City Capital Connection to provide small business financial training for entrepreneurs in urban or economically underserved communities, including to date programs presented in Memphis, Tennessee, Birmingham, Alabama, St. Louis, Missouri, and Tampa, Florida.
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.
Wells Fargo & Company’s Hands on Banking program is offered as a free public service in English and Spanish. The online learning center explains the basics of banking, savings, money management, and other important financial information for unbanked and underbanked individuals to help them gain financial skills and confidence to better manage their financial life.
FSR CEO Tim Pawlenty recently joined Bloomberg TV’s Chief Washington Correspondent Kevin Cirilli to discuss the Tax Cuts and Jobs Act and what potential passage means for the American economy.