More than 50 employees from Webster Bank will participate in Junior Achievement’s “JA in a Day” program at Tinker Elementary School in Waterbury on Thursday, May 24th as part of the Bank’s longstanding commitment to financial literacy.
Financial literacy is the ability to understand money and how to manage it so that a person can make informed financial decisions. Financial literacy often is the first step toward financial stability and helps consumers save, better protect and manage their money, prepare for unexpected life events, and plan for short- and long-term goals.
“JA in a Day” is an accelerated program designed for students in grades K-12 in which volunteers are trained to work alongside teachers during the course of a school day instructing students how to prepare for the world of work, manage money and take advantage of business opportunities.
Webster Bank has participated in financial literacy programs such as “JA in a Day” for the past six years, not only in Waterbury, where the bank is headquartered, but also in Hartford and New Haven and throughout Webster’s marketplace.
Member banks of the Connecticut Bankers Association (CBA), such as Webster, collaborate with their communities to provide valuable financial literacy programs to state residents. Conducted at senior and community centers as well as schools this statewide effort takes on many forms, from formal literacy training to individualized programs. Banks often deliver the programs they develop as well as partner with organizations like Junior Achievement, the American Bankers Association, the FDIC and others to meet this important need.
According to CBA President Gerald Noonan, “Financial literacy is crucial at every stage in life, whether you are a senior graduating from high school, or a senior looking towards retirement, and our CBA member banks understand the significance of that. That is why this initiative is important for us. It is a way to give back to our local communities on behalf of financial literacy.”
The Connecticut Bankers Association represents the financial institutions in the state of Connecticut, encourages and facilitates the interchange of information and ideas among its members and serves the collective needs of its members, their customers and their communities.
Webster Financial Corporation is the holding company for Webster Bank, National Association. With $19 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust and investment services through 168 banking offices, 466 ATMs, telephone banking, mobile banking, and the Internet. Webster Bank owns the asset based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and provides health savings account trustee and administrative services through HSA Bank, a division of Webster Bank. Member FDIC and equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.