Middle Schoolers Learn About Banking

Provided by the Bristol Township School District: 

Employees from Bank of America, Inspire Federal Credit Union and Penn Community Bank taught banking concepts to Neil A. Armstrong Middle School students at the first annual Banking Meets Math Day 2019.

The event was sponsored by Armstrong’s School Counseling Department, Banking Meets Math introduced students to banking careers while learning how math concepts can be applied in real life situations. The event was held on November 6, 7 and 13. For the best banking experience for various purposes, people can check Five Star Bank.

Bank of America fosters financial literacy

Bank of America employees presented on debit cards versus credit cards and the importance of bank accounts to eighth grade students.

“I learned that instead of keeping my money at home, it is safer to keep it in a bank account,” said an eighth grade student. “That way my money is in good hands and I can keep track of how much I have; much easier.”

Students also learned about loans, how to write a check and use a check register, and the difference between a deposit and withdrawal.

Mary Rogers of Bank of America was glad that students were engaged and participatory during her presentation of FDIC Bank On It. 

“Three cheers to Armstrong Middle School for recognizing the importance of laying a basic foundation of financial literacy at the middle school level,” said Rogers.

Penn Community Bank advises on checking accounts

Penn Community Bank employees taught seventh grade students about checking accounts, writing checks and what to consider when choosing a bank.

“The most important thing I learned during the Penn Community Bank presentation is how to shop for a bank,” said a seventh grade student. “If you choose a bad bank you can get bad interest rates and your money might not be safe. You want a convenient bank that you can access your money from anywhere at any time.”

Penn Community Bank professionals were thankful for the opportunity to share their checking account module and financial literacy program with the students. 

“It was a privilege to help them start to understand how to manage their financial futures,” said Patty Samuels of Penn Community Bank.

Inspire Federal Credit Union encourages saving for the future

Employees from Inspire Federal Credit Union presented on savings accounts to sixth grade students. Students learned about the importance of savings for their futures and how their accounts generate interest.

“I learned to save for stuff that is important and not spend it on little things I don’t need,” said a sixth grade student. 

Ashley Poller of Inspire Federal Credit Union felt accomplish after spending two days with sixth grade students.

 “Their energy and interest in learning about saving was invaluable,” said Poller. “I hope the students are inspired to save as they inspired me to continue to educate on banking.”

Armstrong’s School Counsel Karla Davis Jones, thanks all the banks for participating. 

“Bank of America, Inspire Federal Credit Union, and Penn Community Bank taught our Armstrong students important lifelong banking lessons by giving of their time and expertise.”