Spreading Financial Literacy Within Our Communities
CAMBRIDGE, MASSACHUSETTS- East Cambridge Savings Bank is teaming up with the American Banker’s Association
as part of their Teach Children to Save Program, which includes a national day of awareness on April 23, 2013.
Financial literacy is an area of focus all year for East Cambridge Savings Bank. Employees from the Bank partner with
schools in the communities they serve to help educate students from kindergarten through twelfth grade on topics like
saving, budgeting, and prioritizing needs over wants.
“Young students are especially full of questions about money and eager to learn about finances,” said Lisa Pacheco, an
East Cambridge Savings Bank training specialist. “It is fun to see their amazement when we present a $100 bill, one
hundred $1 dollar bills, and one hundred pennies. They like to sort and count the money.”
Their efforts in their local communities have earned East Cambridge Savings Bank Honor Roll status in the Teach
Children to Save Program. “Having a way to save is very important, whether it’s a savings account or a piggy bank. These
educational programs encourage students and their parents to take action,” said Gilda M. Nogueira, East Cambridge
Savings Bank president and chief executive officer.
Teach Children to Save is a national campaign of volunteer bankers who since 1997 have helped young people develop
lifelong savings habits. It includes the annual awareness day, Teach Children to Save Day; a video contest for teens,
Lights, Camera, Save!; and the Teach Children to Save website: www.teachchildrentosave.com.
East Cambridge Savings Bank believes in connecting with customers, and is dedicated to providing businesses and
individuals with a full line of banking services in the communities it serves. Headquartered in Cambridge, the Bank has
additional offices in Arlington, Belmont, Medford, Somerville, and Waltham, as well as an educational training facility at
Cambridge Rindge and Latin School, Cambridge, MA. The Bank has over $840 million in assets and is a member of
FDIC and a member of DIF. Please visit www.ecsb.com for more information.
East Cambridge Savings Bank employees Lisa Pacheco, training specialist, and Danny Alvarez, training assistant, visit students at local schools to
teach financial literacy and get young students excited about saving.