Last Thursday, on January 21st, New York State Comptroller Thomas DiNapoli awarded Capital One Bank, the Fordham Leadership Academy for Business and Technology and its students the first-ever Your Money New York Recognition Award for Financial Education.
Capital One Bank started its student program in October 2007, selecting ten students to run a bank branch with supervision at the Fordham Leadership Academy. The students would be working three times a week, under Capital One management, developing practical financial knowledge and skills, not only applying them to the work environment, but carrying this knowledge into their college experience and careers. Capital One also ensured that its program's participants received the proper resources to enable effective saving for future financial responsibilities, including college savings. In addition, the branch's services were made available to school administrators and teachers.
Equipping these young men and women with financial know-how is of extreme importance, as Bronx Market President John Habermann recognizes: “Given recent economic pressures, financial literacy is more important than ever. Through innovative financial programs and partnerships like this, our goal is to help give students a solid foundation of money management knowledge and skills so that they can make wise financial choices in the future."
DiNapoli has also announced an addition to his Your Money New York website. Resources for students and their families have been made available, as well as reliable information and interactive games to increase financial awareness.
New York State Comptroller Thomas DiNapoli presenting the award to Capital One Student Bankers. From left to right: Nicholas Parris, 17, Derek Richardson (behind), 17, Stanniel Irish, 18, Jonathan Guerrero (behind), 17, Branch Manager Violeta Shala-Guerrero, Principal Bost, Comptroller DiNapoli, David Isaac (behind), Jasmine Soto (also in photo at top), 17, Ana Bautista, 18, LaKia Williams (behind), Ninfa DeSuza, 18, Jennifer Cuffari, 17 and Natalia Moya, 18.