Partners

Corporate, Banking and Credit Unions

Local Financial Institutions Join Together to Make Philadelphia Saves Week a Success

For the second consecutive year, Philadelphia Saves Week officially launched on Monday, February 25th at a press event at Marianna Bracetti Academy Charter School (MBA). This year, Philadelphia Saves focus was on the importance of youth saving. MBA, located in the Kensington section of North Philadelphia, has included financial education as part of its overall curriculum. Because of this, Philadelphia Saves highlighted MBA as a local educational model, and recognized the efforts of our community partners, many who are local financial institutions, during Philadelphia Saves Week 2008.

Citizens Bank sent out "buzz teams" throughout heavily trafficked areas in Philadelphia, including major commuter centers, to promote savings and encourage residents to join Philadelphia Saves. Citizens bank retail employees also wore "Philadelphia Saves Week" lapel stickers throughout the week and signed up savers in branches with a goal of opening up 1000 new savings accounts and signing up 500 savers.

Mainline Health Employee Federal Credit Union offered its membership the opportunity to save in a higher yield savings club, "Philadelphia Saves Week Super Saver". Last year, Mainline Health EFCU encouraged 700 of its members to become Philadelphia Savers and work towards a specific financial goal.

Beneficial Savings Bank "adopted" Sharswood Elementary and launched a pilot program with 30 of its 8th grade students. Beneficial employees taught the students about saving and money, and sponsored a field trip to their headquarters to tour the bank. During lunch, Beneficial opened savings accounts for these students and started them off with a $10 balance. The students will be challenged to save as much as they can until April 29th, "Teach a Child to Save Day", and Beneficial will match funds up to $50 for each student's account.

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