Money Matters

APRIL 2013- Helping students better understand Financial Literacy is what Rhea Efaw and Lewis Boyce of First Exchange Bank are doing through the North Marion High School Dropout Prevention Grant. As far back as 2,500 years, money was clearly an identifiable object of value. From the trading of gold pieces to the more sophisticated transaction technology at financial institutions, such as First Exchange Bank, money is still money.

Rhea Efaw and Lewis Boyce of First Exchange Bank tell 7th and 8th graders at North Marion High School’s Feeder middle schools about checking and savings accounts, interest and why earning and maintaining a great credit score is vital to their future.

When you work in the financial industry, you see firsthand the benefits and pitfalls of having knowledge of how money works. “So often I see young adults enter my office with no idea what their Credit Score is and how their financial mishaps affect their overall financial health. Kids need to learn the basics from an early age so that it is forever on their mind each time they spend a dollar” says Lewis Boyce, a Loan Officer at First Exchange Bank’s Fairmont office.

First Exchange Bank is presenting this program to students at Barrackville, Fairview, Mannington and Monongah Middle Schools through the North Marion High School Dropout Prevention Grant. Students are learning that it is very important to stay focused in school and work diligently toward their High School Diploma. Without a High School diploma it is hard for our young adults to gain valuable employment opportunities.