In celebration of National Financial Literacy Month, OneUnited Bank, the nation’s largest black-owned bank, is holding its 10th Annual “I Got Bank!” National Financial Literacy Contest, where 10 children will be selected to win a $1,000 savings account.
Last year, a 12-year-old Pasadena girl, Sabreen A. El-Amin, was one of the 10 winners.
Students from across the country between the ages of 8 and 12 are encouraged 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 in their daily lives.
The essay or art project must be emailed or postmarked by June 30, 2020. OneUnited Bank will choose the 10 winners and award each a $1,000 savings account at OneUnited Bank by August 31.
“In celebration of our 10th anniversary, we are proud to offer a free ‘I Got Bank’ e-book to families who are homeschooling their children due to the cancellation of schools,” Teri Williams, President of OneUnited Bank, said. “We hope to inspire more families to focus on financial literacy, while providing a fun activity for youth. It’s amazing that in 10 years we have proudly awarded thousands of dollars to youth and created budding financial experts to seed the next generation.”
Williams is the author of “I Got Bank! What My Granddad Taught Me About Money,” originally published in 2010 by Beckham Publications Group, Inc. Williams wrote the book when she found that there weren’t enough books geared toward educating urban youth about finances.
To support families who are homeschooling their children due to the coronavirus pandemic, OneUnited Bank is also offering a free “I Got Bank” e-Book, downloadable from the bank’s website.
For more information about official contest rules, visit: www.oneunited.com/book.
OneUnited Bank, whose corporate headquarters are in Boston, Massachusetts, is also the first Black internet bank and a Community Development Financial Institution (CDFI). The bank provides affordable financial services in support of economic development in urban communities.
OneUnited is an FDIC insured bank and an equal housing lender.