First Southwest Bank Employees Teach Over 365 4th Graders to Save

Passionate about teaching students the importance of savings goals, tracking finances, and delayed gratification, First Southwest Bank partnered with 16 classrooms and six schools across Southern Colorado for 2017’s Teach Children to Save program.

Celebrated annually during April’s Financial Literacy Month, Teach Children to Save Day is an opportunity for First Southwest Bank to teach young people in our community the value of saving.

“Familiarizing students with saving fundamentals at an early age increases their ability to set goals, become comfortable with money management, and save more,” said First Southwest Bank CEO Kent Curtis. “Teach Children to Save Day is an opportunity for our employees to give back to our communities.”

During the Teach Children to Save program, fifteen First Southwest Bank employees visited the following elementary schools, spanning from Cortez to Alamosa: Alamosa Elementary, Bill Metz Elementary, Kemper Elementary, Pagosa Elementary, Sanford Elementary, and Sargent Elementary.

In the day’s lesson, students hear a story about twin brothers. One is a spender and the other is a saver. The brothers have the same savings goal, but at the end of the story only one reaches it. After listening to the story, students complete a worksheet calculating how much each twin earned, saved, and spent.

“During our lesson, the kids were extremely engaged, the teachers were very receptive, and we’re eager and excited to keep expanding the program,” said First Southwest Bank President Jeni Jack-Goodwin. “Our second year in the program, we’re happy to say Teach Children to Save was once again a resounding success.”

“It was a great lesson to teach students how to start saving early and teach them the value of money early. The students really enjoyed it,” said Mrs. Phillips and Ms. Sanderson of Sargent Elementary 4th grade.

Established by the American Bankers Association Foundation in 1997, Teach Children to Save Day and the ABA Foundation’s other financial education initiatives has helped reach 8.2 million young people through the commitment of more than 245,000 banker volunteers.

“It was great to be able to volunteer and give back into our community. We look forward to doing this next year and hope to have enough time and volunteers to hit more of our valley schools,” said Delzia Worley, First Southwest Bank Senior Vice President.

Mark your calendar for the next Teach Children to Save program in April 2018!

Serving the San Luis Valley and rural Colorado for more than 100 years, First Southwest Bank offers personal and business banking at their seven branches, with an emphasis on businesses supporting rural communities. As a CDFI bank, First Southwest Bank is focused on cultivating valuable relationships, investing in economic and social doers, and fostering a well-lived rural culture. More information is available at fswb.com. Member FDIC, Equal Housing Lender.