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.
One Kid at a Time is a scholarship program provided by First Interstate Bank and KTVQ that offers four $2,000 scholarships to students residing in Q2's viewing area.
The One Kid at a Time application will be available in mid February 2017.
The following conditions must be met in order to have your application considered by the scholarship committee; graduate in 2017 from an accredited high school within KTVQ's viewing area, be accepted and will attend a post-secondary institution of higher learning in Montana or Wyoming, must have a minimum 2.5 GPA through 7 semesters, submit an official copy of your transcript, must submit 2 letters of recommendation from individuals not related to the applicant and postmark your completed application packet by the specified deadline.
Education is the key to our future. That's why First Interstate Bank wants to help area schools "One Class at a Time."
The One Class at a Time application will be available in August 2016.
First Interstate Bank and local TV stations in the community have formed a partnership to show our commitment to education through our "One Class at a Time" weekly grant program. Each week during the school year a representative from First Interstate Bank, a TV reporter, and photographer visit the classroom selected for that week's grant award. The teacher and class are presented with a check to assist the class in attaining their educational goal. The winning class is then featured on the news during the evening newscasts.
There are many different types of projects submitted! Some examples are: software and books for special projects, math education materials, choir and band music, science experiment kits, Physical Education supplies, maps, costumes and props for plays. Details including how the project will help students, how many students will benefit, and specific costs for the project are all helpful to the grant selection committee.
The school Mini Bank Program is a partnership between First Interstate BancSystem Foundation, targeted community schools, and the local First Interstate branch.
The purpose is to promote financial literacy and asset building in students, schools, families and communities. Students with the support of First Interstate and school personnel operate a school saving bank to which all students can have an account. The Foundation and branch work together to provide materials and resources necessary for the students to operate the Mini Bank and increase personal financial skills. Currently there are 24 active Mini Banks across Montana, Wyoming and South Dakota.
These banks have a combined savings totaling $1,658,927.87 with 1,206 savings accounts as of February 1, 2016.
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.
Signs of Financial Abuse include; bank activity inconsistent with a person’s financial habits, new acquaintances expressing affection for or residing with an elderly person, lack of amenities, even when an elderly person can afford them, changes in property titles, changes to a person’s will, missing property, new powers of attorney the person doesn’t understand and reluctance to talk about the situation
The Gift Matching program matches the gifts given by First Interstate Bank employees dollar for dollar.
The Foundation matches employee volunteer efforts at a rate of $10 for every hour donated.
Grants awarded to nonprofit organizations that provide services to low and moderate income (LMI) individuals and communities across our territory.
Money donated to local communities by branch fundraising and charitable contributions.