At Chemical Bank, we are committed to helping children,
teens, adults and senior citizens establish and develop
good money management habits that allow them to make
informed financial decisions, empowering them to take
control of their financial future.
With over 70 programs and countless bank volunteers, we
reach out to a large number of consumers with
information on how to save and spend, safer and smarter.
From visiting local elementary schools to offering a
first time homebuyers program and providing basic
financial workshops, Chemical Bank is helping our
communities grow their financial knowledge.
Workshops offered include:
One of the first steps to financial security is
planning and following a budget. This workshop
illustrates the importance of budgeting, how to
track spending, explains the various aspects of
a budget and how to make adjustments if your
expenses exceed your income. It also explains
different budgeting systems, provides tips for
budgeting, offers ways to decrease spending and
includes information on some tax credits that
may help increase your income.
This workshop allows participants to understand
the benefits of a checking account, what to
expect when opening an account and how to
responsibly use a checking account. It
demonstrates how to complete a deposit ticket,
write a check, maintain a check register, read a
bank statement and balance the bank statement
against a check register.
Using credit responsibly is a critical part of
managing personal finances. This workshop
explains what credit is, the characteristics
used to determine a person�s creditworthiness,
the cost of credit, how to establish credit, the
types of credit, tips for managing credit, and
reviews a sample credit report as well as how a
credit report affects your credit score.
Buying a home is a big step because owning a
home is a long-term commitment. This workshop
explains what is involved in buying a home by
learning the process and identifying the steps
necessary to achieve home ownership. It will
help you determine if you are ready to buy a
house, how much of a mortgage you can afford and
explain all of your mortgage financing options
so you can select a loan program that fits your
budget, lifestyle and goals.
This presentation defines identity theft and
fraud and explains the difference between the
two. It focuses on signs of identity theft, how
to respond if a victim of identity theft,
various types of fraud schemes, how to avoid
becoming a victim of fraud and customer privacy.
What do you need to know and have ready if you
are forced to leave your home quickly during a
disaster or emergency? What information would
your family need to have access to in case of
your death or incapacitation? A systematic plan
for keeping track of important papers can save
hours of anxious searching and can help make it
easier to cope in case of emergency. This
workshop describes how a Financial Notebook will
help you manage your financial affairs, what
should be included in a notebook, where to store
important documents and ways to control paper
clutter.
Saving money is an important part of building
your financial future. Use this workshop to
understand the importance of saving money, how
to set goals, identify ways to save money, learn
account options available and helpful tips to
help save toward your financial goals.
Chemical Bank firmly believes in helping children
establish a financial foundation for their future
success. By learning financial skills early in life,
children develop good money management habits that will
benefit them as they grow.
Chemical Bank promotes financial education and literacy
among children by:
-
Visiting local elementary schools and participating in
the Teach Children to Save Program in April
Last year, Chemical Bank’s Teach Children to
Save program involved 75 area schools and
reached out to over 4,500 students. The
program shares with students how saving a
little now can grow to be a lot over time
with a book titled Dollar, the Silver
Squirrel. As part of their initiative,
Chemical Bank was proud to participate
alongside approximately 90 other banks across
the United States in the MBA’s Race to Save
Challenge and opened over 61,000 new
children's savings accounts in 2011.
- Partnering with Junior Achievement to teach basic
financial lessons
-
Partnering in the American Bankers Associations's
Lights, Camera, Save! video contest
- Offering a Youth Savings Account that does not have
monthly service charges
-
Employing Dollar, Chemical Bank’s mascot
Dollar is a silver squirrel dedicated to
providing financial education to children
and adults across the state. He likes
traveling across Michigan and making special
appearances at parades, festivals, and
community events.
Dollar joined Chemical Bank in 2008 and
shares Chemical Bank’s commitment to
educating the public on various matters that
relate to the banking industry. He
encourages children to save their money by
filling their piggy banks and then
depositing it into their savings account.
Dollar provides a quarterly newsletter with
fun facts and games for children that
provides basic banking information.
Chemical Bank is pleased to announce that our
efforts have led us to be recognized by the Michigan
Bankers Association (MBA) as Financial Literacy Award
Winners each year since 2009.
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