Citi Employees In Chicago And Across The U.S. Volunteer On National Teach Children To Save Day

NEW YORK, April 24, 2012 /PRNewswire/ -- Citi (NYSE: C) employees in Chicago and across the United States are volunteering in schools on National Teach Children to Save Day, a program to teach kids the financial facts of life.

National Teach Children to Save Day is a financial literacy program developed by the American Bankers Association Education Foundation to teach children, grades K – 12, the importance of saving for the future.  The program, which occurs during Financial Literacy Month, also focuses on healthy money habits such as understanding needs versus wants and spending money wisely.  

"Teach Children to Save is part of our commitment to responsible finance and giving back to the community of Chicago," said Jerome Byers, Central Region President of Consumer and Commercial Banking at Citi.  "As a banker and a parent, I know that financial education at an early age is an important lesson for kids.  Our employees across Chicago and the Central Region are committed to this important financial literacy program that teaches children the value of saving."

In Chicago, Byers visited a third grade class at Charles R. Henderson Elementary School with Chicago Treasurer Stephanie Neely.  In total during Financial Literacy Month, Citi employees will visit 31 schools in the greater Chicago area teaching nearly 1,000 children.

"We know the consequences of bad financial decisions," said Treasurer Neely. "They include heavy debt, ruined credit, bankruptcy and foreclosure. We need to give our young people the tools they need to take control of their futures now."

Citi and Citi Community Development have been involved with Teach Children to Save for 13 years and during that time, Citi employees have taught nearly 90,000 children.  The Teach Children to Save initiative reinforces Citi's commitment to improving the financial capability of consumers so that they can make informed financial decisions, and build and preserve assets that will help them achieve a secure financial future.

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