Education is often the key to long-term success and happiness – to a better way of life. It’s especially important to embrace a culture of financial education early on, which is why we’re helping enhance financial literacy for students in our communities.
In recent years, we’ve brought innovative, fun, practical and hands-on financial learning experiences to multiple middle schools and high schools. Thanks to these efforts, “Financial Literacy 101” has been added to curriculums across North Dakota and central Minnesota.
“Gate City Bank works endlessly to create a better way of life for customers, communities and team members,” says Amanda Torok, Senior Vice President of Culture. “We understand why financial literacy is so important, and we’re truly thankful for the opportunity to give kids a head start on financial success.”
Investopedia describes financial literacy as the ability to understand and effectively use various financial skills. When introduced at a young age, it can increase kids’ chances of achieving long-term financial well-being. According to OppU, 53% of adults are financially anxious and 78% of them live paycheck to paycheck, which is all the more reason why financial literacy needs to start early for students.
We’ve understood the importance of teaching financial literacy for years. Since 2015, we’ve made a significant impact:
Our program has been instrumental in establishing financial literacy lesson plans for teachers in area schools, who have openly expressed their institutions should teach financial literacy.
Benjamin Dossenko, a business and computer teacher at Mandan (ND) Middle School, is one of the educators who strongly believe schools should teach financial literacy. Additionally, he says it’s been great to see school administrators further realize why it’s important to teach on the topic.
Gate City Bank looks forward to continuing to improve student financial literacy for years to come.
Benjamin Dossenko – Mandan Middle School Teacher
Learn more about how we partnered with YWCA Cass Clay on a supportive housing initiative that promotes an environment of safety, stability and community for women and children who have experienced domestic abuse and poverty.
Our beloved senior citizens have played a crucial role in making us who we are today. Learn more about how we’re offering them extra support, especially when it comes to preventing elder abuse in assisted living homes within our communities.
The Fargo-Moorhead area has experienced rapid population growth, which has led to increased housing demand and an affordable housing shortage for low-income families. Learn more about how we’ve partnered with the Cass Clay Community Land Trust to establish more affordable housing for those seeking their home sweet home.
At Gate City Bank, we believe in spurring local economic development that helps people and businesses thrive. Learn more about how we donated $300,000 to Fueling Our Future, an economic development initiative driven largely by the Chamber of Fargo, Moorhead and West Fargo.