(WBNG Binghamton) RBS Citizens Financial Group, Inc. this week marked the beginning of National Financial Literacy Month by announcing $2 million in 2013 grants benefitting nonprofit financial education programs in communities served by Citizens Bank, RBS Citizens and Charter One.
According to a news release:
In unveiling its new Citizens Helping Citizens Teach Money Management program, the bank will deliver $1 million in financial support to local nonprofits this month, with the remaining $1 million to follow through the year. Between this financial support and related colleague volunteer efforts, RBSCFG in 2013 will contribute to the financial education of more than 100,000 consumers and small businesses this year. Citizens Helping Citizens Teach Money Management also will include efforts to support the financial education of customers and communities through financial tips and other information shared online, in branches and in social media.
“We know from the community partners with whom we work every day that there is a great need for wider awareness of the financial tools and techniques that individuals, families and small businesses can use to manage their financial future,” said James P. Gaspo, President, Citizens Bank and RBS Citizens, New York. “We look forward to partnering with several local organizations to make this happen through Citizens Helping Citizens Teach Money Management this year, and we are proud to see so many of our colleagues volunteering in their local communities as well.”
Through Citizens Helping Citizens Teach Money Management, RBSCFG will work with national and local nonprofit partners to develop opportunities for Citizens Bank and RBS Citizens colleagues to use their financial expertise to teach consumers and small businesses how to make smart financial decisions.
In New York, Citizens Bank colleagues will be visiting schools and afterschool programs to teach kids about goal-setting and saving as part of the Teach Children to Save program. Teach Children to Save is a national campaign sponsored by the American Bankers Association that raises awareness about the important role banks play in helping young people develop lifelong saving habits. During April, Citizens Bank colleagues will teach savings lessons in classrooms at 14 schools and afterschool centers in the state.
Citizens Helping Citizens Teach Money Management gives consumers and small businesses the confidence and tools they need to budget, save, invest and be fiscally healthy. The initiative is part of the bank’s broader Citizens Helping Citizens program addressing five key areas: hunger, housing, economic development, financial education and volunteerism.