Yvonne a. Ewell Townview Center students learn about using credit wisley on global community day
DALLAS,—Today representatives from the Federal Reserve Bank of Dallas and Citi will offer students from Yvonne A. Ewell Townview Center tips on how to use credit wisely as a part of Citi’s Global Community Day— a volunteer event for all Citi employees.
“Today’s credit education lesson is one example of how Citi employees around the world are making their communities a better place to live and work,” said Mary McDowell, President and CEO of CitiFinancial. “All students can benefit from financial education, whether they go on to college or directly into the work force. A sound financial education provides the skills and know-how to make important financial decisions as an adult.”
Today’s lesson focuses on the basics of credit, including following a budget, understanding a credit report and avoiding identity theft. Citi’s commitment to credit education includes a partnership with the American Bankers Association Education Foundation, which sponsors the annual Get Smart About Credit Day. This year, Citi volunteers and thousands of bankers across the country will reach nearly 200,000 young people through the Get Smart About Credit program.
“Citi’s Global Community Day is a shining example of how bankers give back to their communities, especially in the area of financial education,” said Laura Fisher , ABA Education Foundation director. “Just like firefighters teaching fire safety, bankers have the right skills and experience to give students a real-life understanding of money management.”
Global Community Day is Citi’s initiative to bring employees, along with their families and friends, together as a global volunteer team one day each year. Volunteer efforts are varied, addressing specific community needs such as literacy, housing, environmental protection, nutrition and health care. The program emphasizes the power and diversity of Citi’s employees and their unwavering commitment to improvement.
The Federal Reserve Bank of Dallas provides personal finance education resources to diverse audiences, including educators and students. Its “Building Wealth” guide and interactive CD-Rom are widely used by educators, community organizations, local public officials, bankers and consumers.
The Citigroup Financial Education Program is a global, company-wide effort to identify, support and implement initiatives that help give individuals, families and communities the tools needed to make sound financial decisions. In 2004, Citigroup and the Citigroup Foundation announced a 10-year, $200 million global financial education commitment, the formation of a new Office of Financial Education and a global initiative designed to encourage its 300,000 employees around the world to devote time to support financial education and other charitable causes. Under this initiative, employees may take a day off from work to volunteer for non-profit organizations in their communities. http://financialeducation.citigroup.com
The ABA Education Foundation, a non-profit subsidiary of the American Bankers Association, is committed to developing and providing education programs that lead to financial literacy. For more than eighty years, we have supported the banking industry’s efforts to teach personal finance skills in schools and communities across the country. The programs we provide are specifically and uniquely created for young children, teenagers and adults to provide them with the skills they need to budget, save, and manage credit. For more information, visit http://www.aba.com/Consumer+Connection or call 1-800-BANKERS.