ABA Banking Journal - March 2011 - (Page 6)

ABA ChAirmAn’s view | by steve wilson Best protection: financial literacy My Number One goal this year is to improve the image of the banking industry. We’re determined to make a difference in the way our customers see us, the way the media see us and the way policymakers see us. You can do something for our image, for the nation’s children, and for the economy when you participate in the ABA Education Foundation’s “Teach Children to Save Day” on April 12. This is the 15th anniversary of Teach Children to Save. During that time, nearly 100,000 bankers have reached 4.1 million young people and taught them the basics of saving for the future. This is the only national effort to teach financial literacy to young people powered exclusively by bankers. We can be very proud of what we’re doing, and you should be very proud of your role in this effort. I’ve always believed that financial literacy is the best consumer protection. It starts with savings. And as every banker knows, the earlier you start saving, the better. We want to start young people on the path to saving. It’s good for them because it creates good financial habits and helps prevent bad financial habits. It’s good for our country. And it’s good for our industry. When we teach children to save we’re promoting a lifetime habit. You and I know that the culture of saving has its own rewards. For example, those who have a college savings account are seven times more likely to attend college than those without such an account, regardless of other factors in their lives. And a college education is the key to higher earnings. This year we want to reach 900,000 additional students with our Teach Children to Save program. If we reach that goal, we will have taught five million students to save since the program began in 1997. That’s a goal worth reaching. We can do it if we get more banks and more of the nation’s two million bank employees involved. Our ABA Education Foundation makes it easy to participate. A brand new Teach Children to Save resource kit provides you with ready-to-go materials. The kit includes 20 unique step-by-step lesson plans for students in kindergarten through 12th grade. It includes student activities, lesson props, PowerPoint presentations, leave-behind materials for teachers, communication tools, and more. ABA Members can order a kit today by calling 1-800-BANKERS (1-800226-5377), by emailing orders@aba. com, or placing an order at aba.com/ ABAEF. The price is $155 for members and $300 for nonmembers. The ABA Education Foundation is working hard to get young people to save through a variety of programs. We recently concluded a national video contest to inspire young people to save, called Lights, Camera, Save! And we’re proud of the 170 banks from 45 states that hosted local competitions. The top eight videos were viewed by a national judging panel. The Grand Prize Winner is Mason Beiter whose entry was submitted by The First National Bank of Suffield, Conn. Congratulations to Mason for his winning entry, “Lego Your Spending, and Start Saving Today.” n “Those who have a college savings account are seven times more likely to attend college than those without such an account” — Stephen P. Wilson, Chairman and CEO, LCNB National Bank, Lebanon, Ohio 6  |  ABA BANKING JOURNAL  |  march 2011 http://www.aba.com/abaef http://www.aba.com/abaef

Table of Contents for the Digital Edition of ABA Banking Journal - March 2011

ABA Banking Journal - March 2011
Contents
Chairman’s View
Editor’s Column
The Economy
Bank Notes
ABA Community Banking: Got the Blues? Try a Little Reinvention
Pass the Aspirin
Tech Topics
Put Your Capital to Work
Still Waiting in the Wings
Compliance Clinic
Compliance Inbox
ABA Resources
Surveys & Trends
First Person

ABA Banking Journal - March 2011

https://www.nxtbook.com/naylor/BAKS/BAKS0515
https://www.nxtbook.com/naylor/BAKS/BAKS0415
https://www.nxtbook.com/naylor/BAKS/BAKS0315
https://www.nxtbook.com/naylor/BAKS2/BAKS1014
https://www.nxtbook.com/naylor/BAKS2/BAKS0914
https://www.nxtbook.com/naylor/BAKS2/BAKS0814
https://www.nxtbook.com/naylor/BAKS2/BAKS0714
https://www.nxtbook.com/naylor/BAKS2/BAKS0614
https://www.nxtbook.com/naylor/BAKS2/BAKS0514
https://www.nxtbook.com/naylor/BAKS2/BAKS0414
https://www.nxtbook.com/naylor/BAKS2/BAKS0314
https://www.nxtbook.com/naylor/BAKS2/BAKS0214
https://www.nxtbook.com/naylor/BAKS2/BAKS0114
https://www.nxtbook.com/naylor/BAKS2/BAKS1213
https://www.nxtbook.com/naylor/BAKS2/BAKS1113
https://www.nxtbook.com/naylor/BAKS2/BAKS1013
https://www.nxtbook.com/naylor/BAKS2/BAKS0913
https://www.nxtbook.com/naylor/BAKS2/BAKS0813
https://www.nxtbook.com/naylor/BAKS2/BAKS0713
https://www.nxtbook.com/naylor/BAKS2/BAKS0613
https://www.nxtbook.com/naylor/BAKS2/BAKS0513
https://www.nxtbook.com/naylor/BAKS2/BAKS0413
https://www.nxtbook.com/naylor/BAKS2/BAKS0313
https://www.nxtbook.com/naylor/BAKS2/BAKS0213
https://www.nxtbook.com/naylor/BAKS2/BAKS0113
https://www.nxtbook.com/naylor/BAKS2/BAKS1212
https://www.nxtbook.com/naylor/BAKS2/BAKS1112
https://www.nxtbook.com/naylor/BAKS2/BAKS1012
https://www.nxtbook.com/naylor/BAKS2/BAKS0912
https://www.nxtbook.com/naylor/BAKS2/BAKS0712
https://www.nxtbook.com/naylor/BAKS2/BAKS0612
https://www.nxtbook.com/naylor/BAKS2/BAKS0512
https://www.nxtbook.com/naylor/BAKS2/BAKS0412
https://www.nxtbook.com/naylor/BAKS2/BAKS0312
https://www.nxtbook.com/naylor/BAKS2/BAKS0212
https://www.nxtbook.com/naylor/BAKS2/BAKS0112
https://www.nxtbook.com/naylor/BAKS2/BAKS1211
https://www.nxtbook.com/naylor/BAKS2/BAKS1111
https://www.nxtbook.com/naylor/BAKS2/BAKS1011
https://www.nxtbook.com/naylor/BAKS2/BAKS0911
https://www.nxtbook.com/naylor/BAKS2/BAKS0811
https://www.nxtbook.com/naylor/BAKS2/BAKS0711
https://www.nxtbook.com/naylor/BAKS2/BAKS0611
https://www.nxtbook.com/naylor/BAKS2/BAKS0511
https://www.nxtbook.com/naylor/BAKS2/BAKS0411
https://www.nxtbook.com/naylor/BAKS2/BAKS0311
https://www.nxtbook.com/naylor/BAKS2/BAKS0211
https://www.nxtbook.com/naylor/BAKS2/BAKS0111
https://www.nxtbook.com/naylor/BAKS2/BAKS1210
https://www.nxtbook.com/naylor/BAKS2/BAKS1110
https://www.nxtbook.com/naylor/BAKS2/BAKS1010
https://www.nxtbook.com/naylor/BAKS2/BAKS0910
https://www.nxtbook.com/naylor/BAKS2/BAKS0810
https://www.nxtbookmedia.com