North Country Savings Bank joins an effort spearheaded by St. Lawrence Federal Credit Union to help North Country residents and SUNY Canton students.
North Country Savings Bank recently donated $7,500 to further the ongoing effort to open a financial literacy center at SUNY Canton. The new program will allow the college to offer no-cost financial education and counseling services in the SUNY Canton Accounting, Business and Finance Center.
“The SUNY Canton financial literacy program is a natural fit to North Country Savings Bank’s mission,” said Terry A. Phalon, North Country Savings Bank President and COO. “As a local mutual savings bank, we are focused on making the communities within which we serve better places to live. Financial literacy is a key component to achieving just that. Our financial contribution, along with generous donations from other community businesses, will help give this important program the launch it deserves.”
North Country Savings Bank’s donation will be used to purchase software and other tools needed to assist in training SUNY Canton Accounting and Business Administration students to work with professional educators to provide free training to area residents. Outreach efforts will include seminars on basic personal finance topics, including budgeting, family money skills, managing debt, smart purchasing and living decisions, taxes, and planning for, and financing, both higher education and retirement.
“We greatly appreciate North Country Savings Bank’s support for SUNY Canton’s financial literacy center,” said Jondavid S. DeLong, dean of the school of business and liberal arts. “We look forward to working closely with them to shape financial education programs that will best serve the needs of the local community.”
The new funding followed an initial donation by St. Lawrence Federal Credit Union, which helped establish the Financial Literacy Center.
SUNY Canton’s existing Volunteer Income Tax Assistance (VITA) program, its Small Business Development Center (SBDC) and its legal assistance program will play a part in identifying individuals who might benefit from the Center’s financial education services.
About North Country Savings Bank
North Country Savings Bank has a century-long tradition of being a customer-based and community-driven financial institution. Its main locations are in Canton, Massena, Ogdensburg and Potsdam. The bank prides itself on taking an active role in supporting local organizations and offers innovative technologies in the digital banking world.
About SUNY Canton
SUNY Canton is Northern New York’s premier college for career-driven bachelor’s degrees, associate degrees and certificate programs. The college delivers quality hands-on programs in engineering technology, health, management and public service. Faculty members are noted for their professional real-world experience in addition to outstanding academic credentials. SUNY Canton OnLine offers hundreds of flexible and convenient courses as well as 10 exclusively online bachelor’s degrees. The college’s 14 athletic teams compete as members of the NCAA Division III.