Cortland Banks To Team Up with Junior Achievement to Teach Do's, Don'ts of Credit

October 19, 2011
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On October 20, Cortland Banks, along with other local Banks, Credit Unions and local businesses, will be participating in Junior Achievement’s “Your Credit Your Future” program. This year Cortland Banks will be presenting its lessons on the do’s and don’ts of credit at Austintown Fitch High School and Lowellville High School. In all through Junior Achievement’s Program more than 600 high school students in Mahoning, Trumbull, and Columbiana Counties will be learning about financial literacy on October 20, 2011.

Financial education is important at all age levels, perhaps it is most crucial during a teenager’s high schools years, as they set out to embark on real-world challenges upon graduation. According to Junior Achievement of the Mahoning Valley, “Junior Achievement USA reports that 81 percent of teens say the recession has motivated them to learn more about managing their money and parents are their number-one resource for financial planning. Yet, less than half of teens say they have discussed money management with their family.”

“As a community bank, Cortland Banks strives to enhance the communities in which it serves. One way the Bank gives back to the communities where its directors, management and employees live is to participate in organized events such as JA’s ‘Your Credit Your Future,” Cortland Banks, Marketing Director, Sara Smith said.

“These students are the future of our local communities. Without financial literacy programs, we are doing a disservice to our future. Through strengthening the financial knowledge of our local students, we can help to strengthen our community for years to come.”

The “Your Credit Your Future” lesson focuses on obtaining and managing credit, reading a credit report effectively, understanding the importance of a good credit record, budgeting now to help avoid credit problems later and keeping personal financial information secure.

“Financial literacy is a critical life skill for everyone, with something to learn at every age. However, research shows that many students don't understand the basic principles of personal finance, and this can impact their future success," said Michele Merkel, president of Junior of Mahoning Valley. "The hands-on practical money-management skills provided through Junior Achievement’s “Your Credit Your Future” the Personal Finance program the volunteers are presenting today are applicable to real life situations and help students set and reach financial goals both now and as adults."


This is the twelfth year that Junior Achievement has conducted its “Teens and Personal Finance” survey. For a summary of the results, visit www.ja.org.


About Junior Achievement of Mahoning Valley
Junior Achievement empowers young people to own their future economic success and has a goal of presenting its financial literacy, entrepreneurship, and work readiness programs to more than 8,500 students in Mahoning, Trumbull, Ashtabula and Columbiana Counties during the 2011-2012 school year. For more information about Junior Achievement, visit http://warren-youngstown.ja.org For additional information about Junior Achievement’s Personal Finance program, contact Nicole Widomski, Program Manager at 330-539-5268, ext. 203 or jamvnicole@onecom.com.

About Cortland Banks
An independent Community Bank since 1892, Cortland Banks serves Trumbull, Portage, Ashtabula, Geauga and Mahoning Counties.  Cortland Banks offers products and services similar to regional and national banks, while focusing on responsive and personalized service.  The Company embraces a culture where customers are known by name rather than account number, and where decisions are made by Senior Executives and Directors who reside and work in the communities where the Company's headquarters and branches operate.

For additional information about Cortland Banks visit http://www.cortland-banks.com. 

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For more information:
Sara A. Smith
Marketing & Communications Director
Cortland Banks
(330)- 637-8040, ext 132
ssmith@cortland-banks.com

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