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Bath Savings Institution named a Money Smart Alliance Partner by the Federal Deposit Insurance Corporation.

February 13, 2015

Bath Savings Institution has been named a Money Smart Alliance Partner by the Federal Deposit Insurance Corporation.

Money Smart is a financial education curriculum designed to help consumers understand basic financial services, develop money-management skills and learn how to use banking services effectively.

“Money Smart offers user-friendly information on every aspect of personal finance,” says Bath Savings President and Chief Executive Officer Glenn Hutchinson. “The program covers a range of relevant topics, including budgeting, borrowing, saving, and the importance of good credit. At Bath Savings we feel that it is our responsibility to help educate everyone on the importance of smart financial habits.”
 
The bank uses the Money Smart curriculum in many different ways. Employees use it to help counsel individual customers at the bank’s nine coastal Maine locations. The curriculum is used as they visit financial math classes at area schools, something the bank has done for over a decade at schools like Morse High School in Bath and Lincoln Academy in Newcastle.

To qualify as an alliance partner, participants must demonstrate that they have participated in Money Smart initiatives such as teaching, sharing or promoting the curriculum for at least six months, as well as maintain sustainable engagement in these activities.

Money Smart Alliance members include not just financial institutions but also universities/community colleges, the military, governmental agencies, and others.
For more on the FDIC Money Smart program and free copies of the curriculum, visit https://www.fdic.gov/consumers/consumer/moneysmart/index.html.

 
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