xml:space="preserve">
xml:space="preserve">
Advertisement
Advertisement

Windsor Bank Opens Mini Branch At Elementary School

Aiden McGraw, a nine-year-old fourth grade student at John F. Kennedy Elementary School in Windsor, hands his first deposit into his first savings account over to Mark Walker, vice president of Windsor Federal Savings. The bank has opened a mini branch at the school so students can learn about financial literacy.
Aiden McGraw, a nine-year-old fourth grade student at John F. Kennedy Elementary School in Windsor, hands his first deposit into his first savings account over to Mark Walker, vice president of Windsor Federal Savings. The bank has opened a mini branch at the school so students can learn about financial literacy. (Michael Walsh / Courant Community)

Students at John F. Kennedy Elementary School in Windsor are getting a lesson in financial literacy.

The school has partnered with Windsor Federal Savings to open a mini bank branch at the school allowing students to start savings accounts and deposit money directly into them every other week.

Advertisement

Oletha Walker, the school's challenge resource teacher, organized the partnership between her school and the bank, which has six branches in Windsor, Bloomfield, Granby and East Windsor.

"I want there to be financial education and for the students to know what money can do for them," Walker said. "It's more about saving. It's not about gathering money."

Advertisement
Advertisement

Walker said Windsor Federal Savings was the perfect bank to partner with because they're local and because they already have a presence at Windsor High School, where many of her students will one day continue their education.

A large group of students gathered at the entrance of the school building on the morning of Dec. 15 to celebrate the grand opening of the mini bank branch and to deposit their first savings into their own accounts.

One of those students was nine-year-old Aiden McGraw, a fourth grade student at the school. He said this was his first ever savings account and that he was excited about it.

"My mom said it would be important to start it earlier in life so I can continue saving later," McGraw said.

His classmate, nine-year-old Carmine Iacino, was also depositing his first savings into his first savings account.

"This is to save money so I don't spend it," Iacino said, adding that it's also going to be good experience to learn about how banks work.

And that's what Walker wants her students to learn about. She offered the idea that when they receive money as a present to not spend it all, but save some of it in their account.

Mark Walker, vice president and community engagement coordinator of Windsor Federal Savings, was at the school for the grand opening to collect the students' first deposits and give them a small piggy bank in return.

"It starts with teaching children to save," he said. "It's important that at a young age that they get a foundation of saving. That's what we're doing here."

He said he also plans on coming back to the school to also teach a few classes on finances.

Students will have the opportunity to deposit their money every other Tuesday from now on.

Recommended on Baltimore Sun

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement