NEBRASKA BANKERS ASSOCIATION 9 Today, 19 NBA member banks operate 34 in-school bank branches. At the beginning of this year, Nebraska banks and credit unions operated 36 inschool savings banks. The NBA’s internal goal is for members to commit to 22 new in-school bank branches in 2022. Since 1857, Cline Williams has devoted attention to the unique needs of the banking and nancial services industries. Since then, we have provided our clients with the resources they need in the areas that are most important to them – from lending and collections, to regulatory compliance, to mergers and acquisitions, and so much more. We’re more than a law rm. We’re a partner for your bank. LINCOLN I OMAHA I AURORA I FORT COLLINS I HOLYOKE Research conducted by Jennifer Davidson, president of the Nebraska Council on Economic Education and an assistant professor at the University of Nebraska-Lincoln, found that students who participate in an in-school savings bank are much more likely to be banked as adults. In addition, student participants are also much more likely to be employed after high school. These students also make smarter choices about debt and student loans. Davidson’s research also found that financial institutions partners’ primary motivation for participation was to provide an opportunity for students to improve their financial literacy and support the community they serve. The research also indicated that financial institution partners believed the program is well worth the cost. An informal survey of NBA members who sponsor in-school savings banks also found high levels of satisfaction with the program. One NBA member described their in-school branches as one of the bank’s most cost-effective marketing, promotion, workforce recruitment and community reinvestment activity! If you are interested in learning more about how your bank may benefit from an in-school savings bank, reach out to Kara Heideman (kara.heideman@nebankers.org) at the NBA or Dr. Jennifer Davidson at the Nebraska Council on Economic Education (jdavidson2@unl.edu).
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