COLUMBUS COUNTY, NC (WECT) - It's estimated at least 25% of Americans have bad credit scores. But some students in Columbus County are gaining financial knowledge at an early age, which educators hope will lead to a prosperous future.
Every Wednesday at Acme Delco Elementary is known as bank day.
With money in hand students wait in line to hand Lisa Myers, with Riegelwood Federal Credit Union their money.
Myers fills out deposit slips and at the end of the day, she takes the money to a branch where it's placed in saving accounts the children have. It's something the credit union has been doing for three years.
"We actually wanted to partner with a school. We're in a rural area and there's not as many resources for students here as there are in a larger county," said Myers. "We just had to passion to teach children at an early age about finances instead of waiting until they've made multiple mistakes and needed some help."
"I've learned to not just spend my money - to put it in the bank and save it," said Aston Smith a fifth grader at Acme Delco Elementary. "So, when I get older I'll have money to spend on a car or truck or something like that to help me out."
"I've had a child bring in four pennies to make a deposit. there's no minimum amount," added Myers. "We're just glad to see them and encourage them to comeback."
There are also financial classes at Acme Delco Elementary where students are learning about different bank accounts and how to count money.
322 Shipyard Boulevard