MoneyIsland for Kids Ages 8-14 – First American Bank Program

| October 1, 2012

Local kids on their way to MoneyIsland

Exciting online world from First American Bank teaches kids financial literacy.  

Chicago, IL – First American Bank announces the availability of MoneyIsland™, an educational and entertaining online world that helps kids ages 8 to 14 make financial decisions in three key areas: Saving & Spending, Earning & Investing and Using Credit Wisely. Kids go on adventurous quests to exotic destinations, while becoming financial gurus along the way.  Meanwhile, parents and teachers have access to an administrator tool where they can track progress and assist in the learning experience.

 Financial literacy is at an all-time low in the United States, which means many children are not receiving the knowledge and skills needed for a successful financial future. Fortunately, the general public is becoming more aware of the problem. In fact, research shows that 91%  of parents are interested in providing a better financial education for their kids,1 but they need a solution that imparts the right lessons in a way they are not always able to provide. That’s what prompted First American Bank to offer MoneyIsland.

 “As an active member of our community, a big part of our responsibility is helping at the local level, and educating kids about money-management is a great way to make an impact,” says Adelbert Spaan, Executive Vice President of First American Bank. “Offering MoneyIsland helps parents and teachers address an important challenge for the children of our community and instill lifelong financial literacy lessons.” 

 MoneyIsland is a virtual world for kids that not only makes learning fun, but also tracks and encourages the development of their financial skills. As they journey to fantastic destinations like the Eiffel Tower and Atlantis, they learn real-life principles of monetary responsibility.  For added encouragement, rewards are built into the game and include a free MoneyIsland t-shirt to help youngsters stay motivated.

 The MoneyIsland curriculum has already been successfully piloted by public schools in Iowa and Texas.  There are lesson plans for every level of the learning experience, along with ongoing educational resources for teachers and parents. Created by master teachers to align with national standards, these lesson plans employ a hands-on approach that works in tandem with the online experience.  In fact, the lesson plans are aligned with the national standards published by the Jump$tart Coalition for Personal Financial Literacy.

 “We are tremendously excited to have the ability to share MoneyIsland with the Chicagoland area,” says Spaan. “We are fortunate to be able to make a difference in the financial education of our youth.”

 See MoneyIsland at 1. Center for Media Research, American Express survey, 2010.

 About First American Bank

For more than 40 years, First American Bank has been focusing on building long-term relationships with customers through high-quality solutions and exceptional service. The bank’s extensive services range from personal products and services to commercial banking and wealth management. First American Bank prides itself on delivering the expertise and resources of a larger bank combined with the friendly, personal attention of a local community bank.

First American Bank’s size and management structure allows the bank to respond quickly with tailor made solutions that reflect a deep understanding of each customer’s goals and potential for growth. Member FDIC

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