Guam’s bankers at high schools today

Posted on Oct 19 2011

HAGATNA, Guam—With community-wide discussion about how much Guam’s government could or should be borrowing, local bankers head to Guam’s high schools to discuss the prudent use of credit and borrowing.

Bank of Guam, Bank of Hawaii, Citibank, and ANZ head to Guam’s high schools today, Oct. 20, to discuss the importance of responsible debt management.

Leading the nation’s 8th annual “Get Smart About Credit” Day, dozens of bankers, organized by Bank of Guam, will visit graduating seniors at Guam’s schools to talk about credit, how much is needed and how to best manage debt. To date, the following schools have signed up: Notre Dame High, JP Torres Alternative, Academy of Our Lady of Guam, St. John’s School, Simon Sanchez High School, Father Duenas Memorial, Harvest Christian Academy, Evangelical Christian Academy, and Temple Christian Academy.

This year, the banks will be joined by members of the Association of Government Accountants as well as the Guam Legislature. The program is nationally sanctioned by the American Bankers Association as part of its financial literacy outreach program. Last year, the volunteer program reached nearly 1,000 high school seniors.

This year, the program is being extended to Saipan, where schools are still signing up.

Bank of Guam president and board chair Lou Leon Guerrero stated: “It is vital that young adults learn about the responsible use of credit and that such decisions have far-reaching consequences. Just like a family, a company and even the government, consumers must be aware of all the costs of credit, including how your future may be challenged by using too much debt now.”

For information on signing up, contact Maria Cooper-Nurse at 472-5231. [I](BOG)[/I]

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