Listen to this article here
Sign-Up for a free subscription to The Black Wall Street Times‘ daily newsletter, Black Editors’ Edition (BEE) – our curated news selections & opinions by us for you.
In celebration of National Financial Literacy Month, OneUnited Bank, the nation’s largest Black-owned bank, announced its 11th Annual “I Got Bank!” National Financial Literacy Contest, where 10 children will win a $1,000 savings account. More than that, to support families who are homeschooling their children due to the Coronavirus pandemic, the Bank is offering a free “I Got Bank” E-Book.
The bank wants students from across the country between the ages of eight and 12 to read a financial literacy book of their choosing, and either write a 250-word essay or create an art project to show how they would apply what they learned from the book to their daily lives. Submissions must be emailed or postmarked by June 30, 2021. The bank will choose ten winners and award each winner a $1,000 savings account at OneUnited Bank by August 31, 2021.
Teri Williams, OneUnited Bank President and author of “I Got Bank! What My Granddad Taught Me About Money”, wrote the book when she found that there weren’t enough books geared toward educating urban youth about finances.
“In 2021, we launched the OneTransaction Campaign to encourage everyone to focus on one transaction to close the wealth gap for their family,” said Ms. Williams. “Our contest and free book educate children on savings and investments, a profitable business, credit scores and home ownership. We know that educating youth will inspire the entire family!”
OneUnited Bank, the largest Black-owned bank in the United States, works to provide affordable financial services to support economic development in urban communities.
More information about the contest can be found at its website.