NACDC – Native American Community Development Corporation’s Mini-Bank Expands to Serve Students of the Flathead Nation
With the goal of bringing financial education to youth, the first Mini-Bank was established at Browning Middle School, on the Blackfeet Indian Reservation. Since 1996 the program has expanded to seven reservations across Montana, Idaho, Colorado and Minnesota. To date, the program has 670 accounts totaling over $40,000 in savings. This practical lesson in financial literacy is now coming to the Flathead Indian Reservation.
Student representatives are elected to their school’s Mini-Bank Board and rotate through essential banking roles, such as Customer Information, Bank Teller and New Accounts. With only a social security card and the $3 minimum balance, all students may open savings accounts at their school’s Mini-Bank.
Not only does the Mini-Bank program bring financial literacy to eager minds, it emphasizes the importance of building a strong economic community through youth participation. Students are given a role in building their local and regional economies. Mini-Bank Board Members grow their confidence and ability to lead: “We will be successful in any desired career. We will be leaders in our tribal, state, and federal governments. We will excel throughout our reservation communities.”
Visit the NACDC website for more information.