NVE Bank Branch Managers from the bank’s 12 branches recently gave a savings lesson to Bergen County elementary students as part of the American Bankers Association Education Foundation’s 20th Annual Teach Children to Save Program.
NVE Teaches Kids to Save
Over 500 students attended classroom sessions conducted by the bank during the month of April. Students also received a green NVE piggy bank to help them get started with a savings program. “It’s never too early to reinforce the value of saving money”, said Robert Rey, President and CEO of the Englewood-based community mutual bank. “Banks are the cornerstone of thriving communities, so it makes sense for us to help our children develop solid money management skills.”
The presentations included activities about the concept of saving, earning interest and determining needs versus wants. Since the American Bankers Association Education Foundation’s National Teach Children to Save Day began in 1997, thousands of bankers have taught money skills to more than one million students.
NVE Bank, established in 1887, offers an extensive range of personal and business products and services. As a community mutual bank, NVE Bank is FDIC insured, doesn’t have stockholders, and operates to benefit its customers and communities. The Bank maintains 12 offices conveniently located throughout Bergen County. For more information, call their toll-free number 1-866-NVEBANK (683-2265) or visit www.nvebank.com.