As a financial mentor with local roots, we believe education evolves into responsibility. Working with branches, the Foundation participates in local financial education activities, from saving and budgeting to understanding credit and fraud prevention. We are also active in national events such as the American Bankers Association's "Teach Children to Save Day" in April as well as "Get Smart About Credit Day" in October.
We are proud to host a Financial Education Center right here on our website which allows us to fulfill our desire to provide life-long financial education for people of all ages.
Teach Children to Save is a national campaign that raises awareness about the important role banks and bankers play in helping young people develop lifelong savings habits. Each year during the month of April, bank employees throughout the United States meet with students and teach them the importance of saving. Coordinated by the American Bankers Association Education Foundation, the program has reached 4 million young people with the help of over 97,000 bankers.
First Interstate has been a proud partner of Teach Children to Save since it started 16 years ago. Bankers from throughout First Interstate's 79 branches participate in the program, teaching students in communities throughout Montana, Wyoming, and western South Dakota how to establish strong saving habits. Bankers take special training and use age-specific lesson plans to effectively reach students.
Healthy financial practices can be taught at every age, and teaching children to save is just one of the ways First Interstate Bank employees act on their commitment to the communities we serve. Not only is it a great way for our employees to share their knowledge of banking, it is an opportunity to make a difference in childrens' lives.
Get Smart About Credit Day is an annual event coordinated by the American Bankers Association Education Foundation. Held annually each October, bankers from across the country visit local classrooms to share with students the "credit facts of life." Since the program's inception in 2003, more than 18,000 bankers have reached over 700,000 young people in the United States.
Each year, First Interstate bankers throughout Montana, Wyoming, and South Dakota volunteer their time and expertise to educate young adults ages 15 to 25 with lessons on how to use credit wisely. Changes in the economy and new legislation have influenced the mechanics of obtaining credit. For young people, having credit won't just be new, it will be new and different. Our bankers have the opportunity to make a difference in the lives of young people throughout our communities and help them navigate this new responsibility.
Did you know that senior citizens lose an estimated $6.2 billion of their hard-earned money each year due to elder financial abuse? You, or someone you know, could become the victim of this growing crime.
Elder financial abuse is a crime that deprives senior citizens of their resources and ultimately their independence. Anyone who sees signs of theft, fraud, misuse of a person’s assets or credit, or use of undue influence to gain control of an older person’s money or property, should be on the alert. Those are signs of possible exploitation. Throughout our footprint, First Interstate Bank employees make efforts to educate people, young and old, about financial elder abuse.