CANTON -- North Country Savings Bank recently donated $7,500 toward a financial literacy center at SUNY Canton. The new program will allow the college to offer no-cost financial education and …
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CANTON -- North Country Savings Bank recently donated $7,500 toward a financial literacy center at SUNY Canton.
The new program will allow the college to offer no-cost financial education and counseling services in the SUNY Canton Accounting, Business and Finance Center.
"The SUNY Canton financial literacy program is a natural fit to North Country Savings Bank's mission," said Terry A. Phalon, North Country Savings Bank president. "As a local mutual savings bank, we are focused on making the communities within which we serve better places to live. Financial literacy is a key component to achieving just that."
North Country Savings Bank's donation will be used to purchase software and other tools needed to assist in training SUNY Canton accounting and business administration students to work with professional educators to provide free training to area residents. Outreach efforts will include seminars on basic personal finance topics, including budgeting, family money skills, managing debt, smart purchasing and living decisions, taxes, and planning for, and financing, both higher education and retirement.
"We greatly appreciate North Country Savings Bank's support for SUNY Canton's financial literacy center," said Jondavid S. DeLong, dean of the school of business and liberal arts. "We look forward to working closely with them to shape financial education programs that will best serve the needs of the local community."
SUNY Canton's existing Volunteer Income Tax Assistance (VITA) program, its Small Business Development Center (SBDC) and its legal assistance program will play a part in identifying individuals who might benefit from the Center's financial education services.