VILLAGE OAKS ELEMENTARY SCHOOL PARTNERSHIP

In-School Banking Program

Lotus Bank continues to grow its partnership with Village Oaks Elementary School in Novi, Michigan by developing an in-school banking program for students grade K-4. All students in these grades are offered an opportunity to open a free savings account at Lotus Bank. Representatives from Lotus Bank visit the school twice a month to oversee the program. Student volunteers from the fourth grade class are trained to accept deposits from the students, write receipts and record deposit amounts.

Lotus Bank is providing a hands-on learning experience to the Village Oaks students on the concept of saving money, earning interest and daily bank operations.

Teach Children to Save Day

On Tuesday, April 27, 2010, Lotus Bank representatives presented The Teach Children to Save Program developed by the ABA Education Foundation. This program was created to bring a clear and thorough understanding to young people of basic money and savings concepts and why those are important.

Jennifer Burley, Banking Officer along with Linda Abraham, Personal Banker discussed saving strategies, and various economic concepts with the school’s third grade classes. The presentation included games and activities aimed at developing concepts about saving, how compounding interest makes money grow, how to budget and determining needs and wants.

Lotus Bankers were at Village Oaks Elementary school to help prepare future customers for financial success. We are excited to bring economic lessons in Social Studies to life for Village Oaks third graders by applying real life experiences.

COMMUNITY INVOLVEMENT

At Lotus Bank, our employees are committed to making a difference in the community by volunteering their time and talent. We know that by giving back to our community, we are helping improve the areas in which we serve.

Our volunteers provide support for the following organizations:

American Cancer Society Relay for Life
American Red Cross
Boy Scouts of America
Community Living Services
Lighthouse Community Development
Milford Memories Summer Festival
St. Christine's Outreach Program

In addition to volunteering our time, we also donate monetary contributions to other non-profit and human service agencies.