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OneUnited sponsors financial literacy for local urban youth

caines | 2/21/2013, 4:30 a.m.

Students eligible to receive $1,000 for winning essays

OneUnited Bank announces its 3rd Annual I Got Bank! Essay Contest to promote financial literacy for youth. Middle school students from across the country between the ages of 8 and 12 are encouraged to read a similar financial book of their choosing, and write a 250 word essay about how they would apply what they learned from the book to their lives. Submissions must be emailed or postmarked by June 15. The Bank will choose three winners and award them a $1,000 OneUnited Bank savings account by Aug. 31st. Teri Williams, OneUnited Bank President and author of I Got Bank! wrote the book when she found that there werent any books geared toward educating urban youth about finances. I was inspired to write I Got Bank! to help young people acquire financial literacy skills, something that is a personal passion and mission for me and OneUnited Bank, said Williams. I could not find a book about personal finance from the perspective of urban youth. Yet, when children learn the lessons of financial literacy at a young age, they form strong habits that can be lifechanging. Williams has held numerous financial workshops for youth at schools and community organizations throughout the country. The I Got Bank! Essay Contest is part of a larger OneUnited Bank effort to educate urban youth about smart money management. The Bank hopes its efforts will increase awareness of such an important subject and improve the financial skills of children throughout the country. Miami Times staff report