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Thursday, April 24, 2014

BOH volunteers to give credit lessons to students

More than 35 Bank of Hawaii volunteers will take part in the annual “Get Smart About Credit Day” on Thursday, Oct. 18. The BOH volunteers will be teaching a valuable lesson on personal finance to more than 1,100 high school and intermediate students on Saipan and in Guam, Palau, and American Samoa.

Get Smart About Credit Day is an annual event, where bankers visit local classrooms to share the “credit facts of life” with students. Since it was started by the ABA Education Foundation in 2003, approximately 22,000 bankers have reached more than 868,000 students.

The Get Smart About Credit program provides valuable lessons on the “how-to’s” of credit, including obtaining and managing credit, how to read a credit report, why a good credit record is important, budgeting, and how to prevent identity theft. For many students, this may be their only opportunity to receive a personal finance lesson before graduating.

Bank of Hawaii has participated in the program for more than 11 years on Guam, reaching more than 5,000 students. The program is also offered in Hawaii, Saipan, Palau and American Samoa. (BOH)

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