Home Business News Ulster Savings Bank launches first financial literacy program for the community

Ulster Savings Bank launches first financial literacy program for the community

KINGSTON—In partnership with the Center for Creative Education and its SPICE program, Ulster Savings Bank initiated its first community-based Financial Literacy Program. The goal of the bank’s Financial Literacy Program is to give community people the essential information and abilities they need to make wise financial decisions.

The bank’s main branch in Kingston had a party on February 22, 2024, to commemorate the individual triumphs of the 22 women who graduated from the initial class. Six weeks of in-person financial workshops were provided by the program. Basic banking, budgeting, debt management, homeownership, and retirement were among the subjects discussed. Diana Flores-Reyes, Ulster Savings Bank’s business development and community liaison, taught the training in both Spanish and English.

We appreciate Ulster Savings’ kindness and belief in the ladies of SPICE. Your Financial Literacy curriculum is really well-designed and efficient. According to Robin Hayes, SPICE Women’s Program Coordinator, “our group has come a long way in our financial literacy journey,” which is a huge step toward personal empowerment.

The Center for Creative Education’s SPICE (Sisters Persevere in Conscious Evolution) program aims to empower women, especially those from underserved communities, by giving them access to experiences, opportunities, and education that level the playing field and help them achieve their objectives. Group members are not charged for SPICE programs. Historic disparities in health, education, and the economy all have a significant influence on people’s quality of life, and the initiative works to close these gaps.

Our goal of empowering underserved communities through art, fitness, and education is ideally aligned with Ulster Savings Bank’s first Financial Literacy Program, with which we are thrilled to work. According to Bryant, this partnership demonstrates how resources and knowledge can change people’s lives and pave the way for a more just future for all. Executive Director of the Center for Creative Education is Drew Andrews.

Ulster Savings Bank is aware of the need of showing concern for the communities it works with. We applaud this class for their commitment and diligence, said Ulster Savings Bank’s AVP Training Officer Crystal Jacob.

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