The importance of financial education in our communities reaches farther than just our branch lobby doors. It impacts everyone, at every stage of life. From the adult saving for retirement, to the teen who would like to attend college. To the newly married couple who someday would like to buy their first house. Having a solid understanding about these matters can help the people in our communities make better financial decisions today, to build financial success for their future.
Recently, Newtown Savings Bank employees had the opportunity to share their knowledge and present specific financial literacy courses to students at the Newtown High School. Coordinated by Laura Tashjian, our Manager of Employment and Training, four separate presentations were delivered focusing specifically on financial challenges our youth will soon face.
On Tuesday, September 27th, Tom Lutz, VP, Mortgage Sales Representative presented “A Roof Over Your Head” to 24 students in an AP Economics class. The students learned about the benefits and pitfalls of renting versus buying your own home, what a mortgage is and what a mortgage payment contains, and how they can be cautious and safeguard against predatory lending.
That same day, Rebecca Brown, AT, Branch Manager of our Sand Hill branch presented “Bank On It” to a group of 10 students. They discussed reasons to use a bank, provided an overview of basic banking terminology and even introduced them to a few different types of deposit accounts.
On Monday, September 29th, the lecture hall quickly filled up as Dolores DelVecchio, VP, Systems Coordinator presented “Borrowing Basics” to approximately 85 students. Students learned about what good credit is, how to establish it, manage it wisely, and how to be aware of the dangers of overextending yourself by using credit inappropriately. Dolores then presented “Paying for College and Cars” to yet another group of 26 students. Here they learned about installment loans, ways to finance a car, and various types of college loan programs.
I have to say that I’m just so proud of our staff at NSB. They consistently exceed my expectations when it comes to their selfless giving to the communities that we serve. The personal reward for this kind of service can’t be beat. That’s why they, and I, love working at a community bank.
Check out our Facebook page for photos