9 HќќѠіђџȱ юћјђџ ѝџіљ 2014 COVER STORY The month of April is a time of focus on consumer education. It is celebrated as National Financial Literacy Month and National Financial Capability Month. Also each April, the national bank trade associations heighten consumer/community awareness — the American Bankers Association sponsors Teach Children to Save Day, and the Independent Community Bankers of America promotes Community Bank Month. ȱ ȱȱȱȱęȱ literacy emphasis, Hoosier Banker salutes member banks which provide a ęȱȱȱȱ education through in-school bank branches. Also known ȱȃȬȱȱ savings programs,” these initiatives vary from savings- Ȭęȱȱ ȱȱ¡ȱěǯȱ Ȭ ȱȱęȱȱ ¢ȱ¡ȱȱȱęȱ services that will help them in adulthood and by introducing them to banking as a possible career path. There are two types of school/ ȱDZȱȃȬȄȱȱ and authorized bank branches. Non-bank branches are characterized by being located in a school or other facility not operated by the bank; by having bank personnel who ȱȱȱę¢ȱȱȱȱDzȱ and by restricting services from the general public. By contrast, authorized school bank branches are housed in ȱȱȱĜ¢ȱȱ¢ȱȱǯ In response to a recent inquiry to Indiana Bankers Association members, the following institutions have shared their in-school bank branches experiences. +RUL]RQ %DQN 1$ 0LFKLJDQ &LW\ Early this year, Horizon Bank, NA, culminated its partnership with Michigan City High School by opening The Wolves Branch at the school. The purpose was to provide students with an understanding of banking operations and transactions. ȱ ȱȱěȱȱ ȱ ȱ¡ȱȱ ǯȱ The branch is open one-half hour prior to the start of each school day and throughout all lunch periods. A teller station is available, as well as a customer desk with information on credit, balancing checkbooks and how to apply for loans. Wendel McCollum, principal of Michigan City High ǰȱ¢ȱȱȱȬȱDZȱȃ ȱȱȱ ȱȱ££ȱȱȱǯȱ Ȃȱ¢ȱ¡ȱȱ £ȱȱȱȱȱǯȄ /D3RUWH 6DYLQJV %DQN In 2013 LaPorte Savings Bank formed The SLICER ȱȱ ȱ ȱ ǯȱ ȱȱȱ when the school superintendent reached out to the president of the bank. The branch operates with help from ȱȱěȱǰȱ ȱȱȱȱ ǯȱ It is open weekdays from 7:15 to 7:45 a.m. and from 10:15 In-School Bank Branches: Hands-on Financial Literacy The Wolves Branch of Horizon Bank, NA, Michigan City, opened in Michigan City High School in January. Literacy Month and National Financial Capability Mon awareness — the Americ Children to Save D Community Bank Mont ę Hoosi ę education through in-sch bank branches. Also know ȃȬ initiatives vary from savin Ȭę ¡ ěǯ ę ¢ ¡ ę adulthood and by introducing the to banking as a possible career pat DZ ȃȬȄ characterized by being located in a school or other facili not operated by the bank; by having bank personnel wh ę¢ &RQWLQXHG RQ SDJH
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