Vermont Business Magazine As part of an ongoing commitment to give consumers the confidence and tools they need to be fiscally healthy, Citizens Bank announced today that three nonprofit organizations across its footprint will receive $42,000 in contributions as part of the Citizens Helping Citizens Manage Money financial literacy initiative. Leveraging the financial expertise of its bankers and its partnerships with local nonprofits focused on financial education, the Citizens Helping Citizens Manage Money program this year includes $1.3 million in donations to 77 nonprofits and volunteer outreach by more than 400 trained Citizens colleagues. Citizens will also be sharing financial tips on Facebook and Twitter for the duration of National Financial Literacy Month, as well as ongoing financial advice from Citizens’ colleagues on YouTube. By the end of 2016, Citizens Helping Citizens Manage Money is expected to improve the financial acumen of more than 220,000 Americans.
Nonprofit organizations from across the bank’s 11-state footprint were chosen in a competitive application process based on their track record of success providing financial education programs, clear and measurable goals for the program and a demonstration to incorporate sustainability in their program plans.
New Hampshire and Vermont funding recipients include:
• HOMEteam
• Champlain Housing Trust, Inc.
• Windham Windsor Housing Trust
Recently, Bruce Van Saun, Chairman and Chief Executive Officer of Citizens Financial Group, and Joe Carelli, President of Citizens Bank, New Hampshire and Vermont, presented a check for $25,000 to HOMEteam, a collaborative home buying education program of NeighborWorks Southern New Hampshire, CATCH Neighborhood Housing, and Laconia Area Community Land Trust.
“Many citizens are walking a financial tightrope and are in need of tools and resources that can help them become financially successful,” said Joe Carelli, president, Citizens Bank, New Hampshire and Vermont. “Through our Citizens Helping Citizens Manage Money program, we are working together with state and nonprofit organizations to give our fellow citizens the confidence and tools they need to budget, save, invest and be fiscally healthy.”