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Personal finance site recognizes local financial institutions for significant community service in education.
LOS ANGELES, Oct. 22, 2013 /PRNewswire/ -- Acknowledging the unquestionable tie between the health of a local school system and the economic stability of its surrounding community, GoBankingRates.com honors 20 banks and credit unions that are positively impacting education in cities across the United States.
Institutions from Honolulu to New York City were highlighted for building strong local economies through funding early childhood education, donating to academic scholarships, advocating for career-oriented skill building, and making various other community service efforts.
MONEY Federal Credit Union, a Syracuse, N.Y., financial institution recognized by GoBankingRates.com, stated, "We believe financial education in the schools is a vital piece of the puzzle that a lot of kids don't get … It's such an important part of getting kids on the right track by teaching them how to manage their money, what credit is, and how it can affect the rest of their lives."
Casey Bond, GoBankingRates managing editor, added, "Financial literacy is just the tip of the iceberg. Communities without a bank or credit union pumping significant time and money into improving the school system as a whole are bound to experience a less-educated workforce, lower wages, and higher unemployment."
GoBankingRates.com List of Top 20 Banks and Credit Unions Improving Communities:
America First Credit Union – Ogden, Utah
American Savings Bank - Honolulu, Hawaii
Cy-Fair Federal Credit Union – Houston, Texas
Dakota Plains Federal Credit Union – Lemmon, S.D.
Farm Bureau Bank – San Antonio, Texas
Flag Credit Union – Tallahassee, Fla.
Foothill Federal Credit Union – Arcadia, Calif.
Great Lakes Credit Union – Chicago, Ill.
LA Financial Credit Union – Los Angeles, Calif.
Marquette Bank – Chicago, Ill.
Mission Federal Credit Union – San Diego, Calif.
MONEY Federal Credit Union – Syracuse, N.Y.
Opus Bank – Irvine, Calif.
Popular Community Bank – Orlando, Fla.
Republic Bank – Lexington, Ky.
Space City Credit Union – Houston, Texas
Spring Bank – New York, N.Y.
Susquehanna Bank - Lancaster, Penn.
Travis Credit Union – Sacramento, Calif.
Ventura County Credit Union – Ventura, Calif.
For full details regarding why these institutions were selected, please go to http://bit.ly/1caA51k.
GoBankingRates.com (http://www.gobankingrates.com/) is a personal finance website that connects consumers with the best interest rates nationwide. GoBankingRates.com's editors have been featured on several top media outlets, including U.S. News, Yahoo! Finance, Forbes, The Street, Huffington Post and more.
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