IBC Bank is utilizing its decades of financial expertise to educate area youth on the importance of financial responsibility via its annual ‘Money Buzz’ program.
As part of this corporate-wide effort, IBC Bank — McAllen recently hosted ‘Money Buzz,’ or a kid-friendly financial lesson, for more than 500 students at local schools including Sam Houston Elementary, Jose de Escandon Elementary and Wilson Elementary.
“As our economy continues to recover, it is more important than ever to reach out to our society’s next generation of leaders and provide them with the financial tools they need to become responsible adults,” IBC Chairman and CEO Dennis E. Nixon said. “IBC continually looks for ways to use our core area of expertise to make a difference in our communities. We believe the Money Buzz is a fun and interactive program that lays the proper foundation for children to provide life-long financial skills and help get them on the right track to saving and managing their money wisely.”
‘Money Buzz’ is being hosted in IBC markets throughout Texas and Oklahoma during the last week of April and into May, and is expected to impact nearly 2,000 area school children from kindergarten to sixth grade. IBC employees will be working closely with students to teach the value of currency and the importance of saving through hands-on activities like counting money, managing a budget and balancing a checkbook for the higher grade levels. Students will receive a “Free Bee Hive,” named for IBC’s mascot, which serves as a piggy bank and provides a special keepsake that will hopefully encourage them to save.
United States statistics show young people spend more than $100 billion a year, and less than half of those know the basics of money management. According to a Youth and Money Survey, a large percentage of adolescents cite their parents as the primary source of financial education, and IBC hopes to expand on that by offering students another educational outlet that will help them become better financially prepared for adulthood.
IBC — McAllen is a member of International Bancshares Corporation, an $11.8 billion multi-bank financial holding company headquartered in Laredo, Texas, with 280 facilities and more than 435 ATMs serving 104 communities in Texas and Oklahoma.