First Bank Financial Centre (FBFC) is excited to re-introduce their Financial Education Centre; an online resource available to anyone, free of charge, where you can learn more about your banking and finances.
“Financial literacy is a challenge for people of all ages and backgrounds,” said Mark W. Mohr, President and CEO of FBFC. “As a true community bank, it’s our privilege to help people feel more secure and confident with their finances.”
The upgraded site includes nearly three times as many learning modules covering topics including banking basics, loans and payments, paying for college, buying a home, planning for retirement, and access to many calculators where you can evaluate your personal financial plans. These modules are free for customers and community members alike and can be accessed anytime by visiting FBFCWI.com/letslearn.
As a community bank, it is their mission to make lives better in the communities they serve. As such, their research indicated a startling gap in financial knowledge among millennials in particular, but across all generations alike. According to a recent USA Today/Bank of America study, only 17% of millennials feel they have a great deal of experience or knowledge in personal finance and 41% are “chronically stressed” about money. In addition, 21% of Americans have nothing saved for retirement. These statistics show a great need for financial education in our society. And in response to this need, FBFC created their Financial Education Centre.
Since its initial launch in January of 2017, and thanks in part to a sponsorship of TMJ4’s online Financial Fitness Zone, FBFC has reached 10,884 users, further proving how important financial education is to the community.