Bank sparks interest in student financial literacy; Cameron Community Bank | Free News

According to a September Banzai Financial Program announcement, financial awareness and money management skills for area students is the goal of an online “financial literacy” program supported by the Community Bank of Cameron.

The bank “has stepped up (helping pay for) partial or full distance learning as a result of COVID-19,” Banzai spokeswoman Elisabeth Fitts said. “Thanks to their sponsorship, more than 1,600 students and teachers at nine schools in Barron and Burnett counties have free access to Banzai.”

The Banzai web platform provides financial literacy and education resources to over 80,000 teachers nationwide.

It incorporates real life scenarios such as paying rent, car insurance, saving for unexpected accidents, college, etc.

Community Bank of Cameron Compliance Officer/Internal Auditor Cara Duerkop did her own IT research and explored the Banzai program.

Later, she “presented (the idea) to both our management team and our board of directors, who have both given us their full support.

“As a former educator and now a banker, financial literacy is close to my heart,” added Duerkop.

“My dad was a banker, so I grew up in a family where we talked about money management all the time. However, I quickly realized that not everyone had the same open discussions about money. money than my family.

She said the Banzai program “looks like a great resource to start those conversations in our schools. As students get their first job, save for college, and eventually buy a house, Banzai helps break down the basics. skills they learn can help them become better savers, spenders and fund managers for years to come.

While students are learning, teachers can monitor and record their progress remotely. After completing Banzai, students will know how to know where their money is and what it is used for, recognize financial trade-offs, budget, and more.

“Kids have their own accounts and work on real-life based missions,” said Banzai co-founder Morgan Vandagriff.

“But because Community Bank of Cameron sponsors it, local schools get it for free. More than ever, it’s important that children develop strong financial skills to prepare them for the real world, and the Community Bank of Cameron knows this and is doing something about it.

In addition to supporting the Banzai platform and its web resources, the Community Bank of Cameron also offers virtual or in-class presentations from local experts on hot topics.

For more information, visit Where

Geraldine L. Melton