Financial Literacy

Enhancing Financial Literacy

 

M&F Bank: Helping Individuals Build Financial Success

Financial Literacy Is Important For All of Us

Real community banking means giving something back to the community. Since 1907, M&F Bank has helped people across North Carolina build financial success, and our Financial Literacy Initiative is just one more example.

Financial education fosters financial stability for individuals and for entire communities. The more people know about personal financial management, the more likely they are to increase savings, buy homes, and improve their overall financial health and well being. Studies conducted by the Jump$tart Coalition for Personal Financial Literacy found that states with high numbers of adults declaring personal bankruptcy also have high numbers of 12 th graders who are financially illiterate. In addition, a national survey commissioned by the Consumer Federation of America (CFA) and Financial Planning Association (FPA) indicates that less than one-half of Americans have developed a financial plan, while the number of people who worry about their personal finances has increased.

These are some of the reasons that M&F Bank is determined to help increase the level of financial literacy among citizens of the communities we serve. An essential element of our mission statement describes our commitment to supporting community development, and we believe helping people become better financial decision makers is vital to developing stronger communities. It’s what we have believed in and the way we’ve done business since 1907. We know that strong communities will improve the quality of life for us all.

What We Do

Our approach combines the financial acumen of our staff with the Money Smart program developed by the Federal Deposit Insurance Corporation (FDIC), and the Teach Children to Save and In Charge curricula developed by the American Bankers Association Educational Foundation. Information is presented in informal, workshop style presentations that are tailored to the specific needs of the audience, at no cost . Topics may range from the basic principals of saving, preparing a financial plan, the cost and impact of credit, understanding different bank accounts, or preparation for becoming a homebuyer, depending on the interests and needs of each group. Groups who have benefited from M&F Bank’s financial literacy program include the students and faculty of public schools, colleges and universities, as well as numerous nonprofit organizations and church congregations.

If you would like to discuss setting up a financial education workshop for your school, church or community organization, please contact one of the following M&F Bank representatives:

Contact one of our financial professionals for more information about our services.

Location Address Phone Contact
DURHAM 112 W. Parrish St. 919-687-7803 Barbara Hall
RALEIGH 13 E. Hargett St. 919-821-4611 Soberina Traywick
CHARLOTTE 101 Beatties Ford Rd. 704-332-2121 Reginald Goddette
WINSTON-SALEM 770 Martin Luther King, Jr., Blvd. 336-722-0200 Karen Polite
GREENSBORO 100 S Murrow Blvd 336-373-8500 Wendy Morgan-Williamson

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