Whether it is teaching children the benefits of saving, educating teenagers on how to use credit wisely, instructing young adults in budgeting for and financing their first home, having programs for the unbanked or helping to protect the elderly from fraud, there are many ways for Texas bankers to enhance the lives of citizens in their communities.
This guide is designed to help banks that do not yet offer consumer education or that are looking for new materials and resources. Each section or step contains information and resources that will help members of your community to become financially literate.
- Step 1: Make a commitment to provide consumer education in your community. Your bank’s management and board must “buy-in.”
- Step 2: Find the right person for the job and provide him or her with the freedom to pursue the objectives. Set a manageable goal.
- Step 3: Start with one of the several excellent programs available.
- Step 4: Spotlight and document your efforts.