Financial Literacy
If members are involved in a financial literacy program (that can be utilized by other bankers) which is not listed on the page, please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it about adding your program to this page.
Community Economic Development Association of Michigan (CEDAM)
CEDAM is a nonprofit tax-exempt organization established in 1998. It is a voluntary association of community development corporations (CDCs), individuals and other organizations interested in promoting and expanding community-based housing and economic developments across the state of Michigan. CEDAM also assists with the Bank On Program that helps unbanked families improve their financial well-being. For more information, click here. You can also visit www.CEDAM.info for more information or call Ross Yednock at 517-485-3588.
SeniorBrigade: a Michigan Seniors Initiative
The elderly are frequently targets of unscrupulous scam artists that prey upon this segment of our population. A free on-site seminar program has been developed to further enhance the awareness of Michigan's seniors and their families on scams. More information is available at www.seniorbrigade.com.
2010 MBA Financial Literacy Award Winners
- TCF Bank in Livonia reached more than 2,400 individuals through their financial literacy efforts. Bank employees hosted a program called Survivor Island designed to help students understand and recognize the difference between needs and wants. They gained experience in how to prioritize and make decisions about spending money.
- Chemical Bank in Midland reached more than 7,200 individuals through their financial literacy efforts. The bank offered seminars on surviving the recession of 2009, setting financial goals, teaching kids financial skills and other financial topics. The bank also offered presentations to teens on how to use the bank, checking accounts, statements and budgeting, the importance of savings and other financial topics.
- Citizens National in Cheboygan bank’s employees worked with local area high school students to help prepare them for their future. The bank helped the students learn how to prepare resumes, present themselves in a professional manner and practice for an interview. The students had to come prepared with their portfolios, dressed professionally and behave as though they were at an actual job interview. After the interview, they were evaluated on how they did, what worked and what didn’t.
- Mercantile Bank in Grand Rapids reached more than 1,600 individuals through their financial literacy efforts. The bank held two in-school bank programs for elementary students. Students were taught the importance of saving money, basic money concepts, how to count currency and math skills. The bank also held a 12-week financial literacy program that covered topics such as making financial plans, savings, bank products and services, types of loans, credit, how to apply for a loan and how to resolve credit issues.
- County National Bank in Hillsdale reached more than 1,300 individuals through their financial literacy efforts. The bank held several seminars for adults on topics such as foreclosure prevention, elder abuse and neglect and identity theft prevention. The bank also visited local elementary schools and discussed topics related to money and opened an in-school bank branch. The program included classroom presentations regarding money management.
- Signature Bank in Bad Axe bank's employees held several junior achievement programs that taught elementary students about trading, earning, saving, giving and teamwork. They also gave a presentation on how a bank works.
Make sure to send your bank's financial literacy stories and photos to This e-mail address is being protected from spambots. You need JavaScript enabled to view it.