PHILADELPHIA, Pa., October 20, 2011 – Representatives from Beneficial Bank, a full-service bank that specializes in serving the financial needs of the greater Philadelphia region, will visit 35 schools throughout Southeastern Pennsylvania and Southern New Jersey today to speak with students on National Get Smart About Credit Day. Thirty two Beneficial representatives will teach more than 1,500 local teens about the importance of making smart credit decisions through youth-focused financial literacy lessons.
"As an education company, Beneficial Bank is dedicated to teaching financial literacy programs in the communities that we serve," said Gerry Cuddy, Beneficial Bank President & CEO. "Building responsible credit habits is particularly important for young people, especially in light of changes in the economy and new legislation that will likely influence credit. We are proud to offer valuable financial lessons on this important day."
Beneficial representatives will provide students with a stronger understanding of credit and will demonstrate how credit can be used responsibly during "What is Credit?" lessons. Each lesson will cover the four C's of credit, credit reports, types of loans, identity theft prevention and steps to take before applying for credit through interactive activities.
The Get Smart About Credit program is a national campaign of volunteer bankers who help young people develop responsible credit habits. Recognized on the third Thursday of each October, bankers across the country visit local classrooms to share credit education lessons. Since the program started in 2003, more than 18,000 bankers have reached some 704,993 young people.
For more information about Beneficial Bank, please visit www.thebeneficial.com.
About Beneficial Bank
Founded in 1853, Beneficial Bank is the oldest and largest bank headquartered in Philadelphia. It is a community-based, full-service financial services company that has served individuals and businesses in the Delaware Valley for 158 years. With 60 offices in the greater Philadelphia and South Jersey regions and $4.7 billion in assets, Beneficial offers a full array of financial products that includes commercial, consumer and real estate lending, insurance and wealth management. Visit www.thebeneficial.com for more information.