Bank takes the savings story to OV school

Experts from M&I Bank Arizona are visiting an Oro Valley elementary school this week as part of a statewide effort to teach students about the value of saving money while encouraging lifelong money management skills.

Bankers talk with Painted Sky Elementary School students at 10:30 and 12:30 Thursday, according to a release. They'll discuss budgeting, efficient money-saving techniques, how to make the most of compounded interest, and how to differentiate between wants and needs.

"The key to good financial health is education and preparation," said Lisa George, M&I Bank senior vice president. "As a committed community partner, M&I Bank is proud to bring these and other financial literacy programs to our neighborhoods."

This is the fourth year the bank has participated in Teach Children to Save Day, an event developed by the American Bankers Association Education Foundation.

Young Americans have estimated annual income of $80 billion, the release said, but one in four youths does not consider saving important, and nearly 90 percent "do not have a clear understanding about earning, spending, saving and investing their money."

"M&I Bank recognizes the importance of early financial education, and is committed to reversing these shocking statistics," the release said.

"Teach Children to Save Day" was Tuesday, April 27.

Hughes awards scholarships to 3 seniors

Graduating seniors from Ironwood Ridge, University and Sahuarita high schools are recipients of Hughes Federal Credit Union's 2010 high school scholarship awards.

Announcements were made at the credit union's 58th annual meeting on Saturday, April 17.

A committee chose Leah Edwards of University High School for its largest award, $1,500. Ironwood Ridge senior Aiden Shef is receiving $1,000. Sahuarita senior Marisa Acosta has earned a $500 award.

Hughes' scholarship program honors graduating seniors who are credit union members in good standing. The recipients demonstrate scholastic excellence, community service and a desire to study further. They wrote essays about the credit union.

"The program provides an opportunity for the credit union to help our future leaders and to make them aware of the importance of financial literacy," said John Sansbury, chairman of the board of directors.

For more information, call 794-8341.

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