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- Published: Friday, 01 May 2015 16:57
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Staten Island Business Bank Points To New Resources
Strengthening Youth Financial Education
FDIC working with Consumer Financial Protection Bureau to develop educational tools
The Federal Deposit Insurance Corporation (FDIC) in April launched Money Smart for Young People, a series of lesson plans for teachers and new resources for parents to help them teach children about managing money.
Victory State Bank, Staten Island’s only community-based business bank, applauds the free resources, which are designed to improve financial education and decision-making skills among young people from pre-K through age 20. The FDIC worked in partnership with the Consumer Financial Protection Bureau (CFPB) to develop these educational tools.
FDIC's new series features four curricula tailored for different age groups and abilities. They are Money Smart for Grades Pre-K-2, 3-5, 6-8, and 9-12. Each curriculum consists of multiple lessons that offer instructors ideas on how to integrate financial education instruction into subjects such as math, English, and social studies. Teachers can access this curriculum and videos that demonstrate how financial education concepts can be taught in the classroom at www.fdic.gov/teachers.
The Parent/Caregiver Guides for each curriculum offers exercises, activities, and conversation-starters on different financial topics, such as saving, setting financial goals, prioritizing spending decisions, and staying safe online. The guides are available through www.consumerfinance.gov/parents, a website developed by the FDIC and CFPB.
The teacher and parent resources are the latest step by the FDIC and CFPB to strengthen financial education and promote economic inclusion.
Money Smart materials are available for instructors to teach or for consumers to learn online. To learn more about the FDIC's Money Smart curriculum, visit www.fdic.gov/consumers/consumer/moneysmart.
About Victory State Bank
VSB Bancorp, Inc. (OTCQX: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online at www.VictoryStateBank.com.
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