SJC to Host Financial Literacy Seminar

April 15, 2012

BROOKLYN, NY April 16, 2012 - St. Josephs College, the Brooklyn (Kings County) Hispanic Chamber of Commerce, and the office of the Brooklyn Borough President are pleased to announce that the third lecture in the pilot youth financial literacy program will take place on Tuesday, April 17 at the Park Slope Armory YMCA in Brooklyn, NY  at 4 p.m. This event, entitled, "Personal Banking and Savings will be sponsored and presented by Astoria Federal Savings Bank.

"We teach our young people how to read, but we often overlook financial literacybeing fluent in the knowledge of everything from credit scores and maintaining a checking account to securing financial aid and setting up a budget, said Brooklyn Borough President Marty Markowitz. "If we expect young adults to attend college or hold down a job, they need to be prepared for the financial responsibilities that follow. I am proud to join St. Josephs College, The Brooklyn Kings County Hispanic Chamber of Commerce and all of the participating schools and sponsors in helping our youth learn the ABCs of dollars and cents.

At this event, representatives from Astoria Federal Savings Bank will discuss the different types of bank accounts, how to handle an account, and how to responsibly manage and save money for the future. From this presentation, students will have the basic knowledge they need to open a bank account, avoid costly fees and successfully use their money to advance their goals.

"We are very pleased to partner with St. Josephs College and the Hispanic Chamber of Commerce on this important program, said Brian Edwards, Astoria Federal Savings Executive Vice President and Managing Director of the Retail Banking Group. "We feel we can also have a great impact on students at the college level, by reinforcing the concepts of saving and budgeting for a healthy financial future. We want them to make sound financial choices, especially as they establish themselves in the world.