RENO – In the past 18 months, Nevada State Bank volunteers spent 1,571 hours teaching financial literacy classes in collaboration with many different community partners. The goal of these cooperative relationships is to help people make better choices concerning their money and learn to live within their means.
One of the bank’s latest collaborations is with the women’s basketball team at the University of Nevada, Reno, where bank executives are working with student-athletes to ensure that financial literacy is part of their well-rounded education.
Women’s basketball players receive a stipend, and the focus of this financial literacy effort will be on essentials, such as establishing a budget, ensuring rent is paid and providing for utilities, groceries and more. The program will also review the basics of checking and savings accounts.
“It’s imperative that youth and young adults learn about money. They need to understand why saving money is important and how to make that money grow,” said Jennifer Fonda, assistant vice president and branch manager for Nevada State Bank in Reno. “With more knowledge, they will make better choices regarding their money. And it’s always a good time to learn how to save.”
Since Nevada State Bank conceived the “Banking on Your Future” program 12 years ago, bank volunteers have taught more than 1,660 classes to more than 50,000 students for 79 participating schools/organizations across the state.
“We saw this partnership as a great opportunity,” said Jane Albright, head coach of the Wolf Pack women’s basketball team. “We want to ensure that the well-rounded education of our student-athletes includes financial literacy.”
For more information or to find out how your organization can participate in Nevada State Bank’s “Banking on Your Future” program, call 775-686-7106.
About Nevada State Bank (@nevadastatebank)
Nevada State Bank, with assets of more than $4.0 billion, is the largest state-chartered bank in Nevada. A full-service bank with 50 branches statewide, Nevada State Bank offers a complete range of consumer, private and business banking services. It is a subsidiary of Salt Lake City-based Zions Bancorporation (Nasdaq: ZION), one of the nation’s premier financial services companies. With affiliates in 10 Western and Southwestern states, 140-year-old Zions Bancorporation has assets of $56 billion. For more information on Nevada State Bank, call 702.383.0009 or access www.nsbank.com.