Community State Bank (CSB) was recently named one of the top extraordinary banks in the United States by The Institute for Extraordinary Banking™. The bank was recognized as part of their financial literacy program, known as MyLIFE (My Local Interactive Financial Education).
MyLIFE was developed by CSB in 2013 to teach local high school students the importance of making smart financial decisions. The program has been implemented in more than six schools’ (Lake Geneva Badger High School, Shoreland Lutheran High School, Shepherds College, Union Grove High School, Waterford Union High School and Westosha Central High School) curriculum in Racine, Walworth and Kenosha counties.
“Dedication to education and financial literacy is a key part of our values at Community State Bank,” said Neil Buchanan, Sr. Vice President and MyLIFE team member. “Several years ago, we made the decision to develop a financial literacy program that would help prepare high school students and young adults for the financial challenges they would soon find themselves facing. By any measure, MyLIFE has been a huge success, and I want to thank the Institute of Extraordinary Banking for recognizing the hard work of our employees, volunteers and students that make MyLIFE such a wonderful program.”
Since the program was launched, more than 6,000 students have been introduced to MyLIFE, and a total of 54 educational scholarships have been awarded to local high school students who have dedicated their time towards teaching financial literacy. The program has also been recognized at a state level by winning The Wisconsin Governors Financial Literacy Award twice.
Roxanne Emmerich, Chair and Founder of The Institute for Extraordinary Banking, proclaimed during the awards ceremony, “Community banks are the backbone of America. They are what keeps a community thriving. When a community bank leaves a community, small businesses often struggle to stay, and jobs leave. Every robust community has a strong community bank that understands how to help that community thrive and grow.”
As part of the 2019 Institute for Extraordinary Banking Awards Ceremony, CSB accepted three awards in the following categories: Banky Award winner, financial literacy category winner by bank’s asset size and overall financial literacy category winner.
“I’m so proud of the individuals that are a part of making this program a success,” said CSB President and CEO Scott Huedepohl. “Thank you to our employees, local business leaders, community schools and every volunteer that has lent a portion of their time and talents towards teaching financial literacy to students all over Southeast Wisconsin. This award really speaks to their dedication, and we thank them greatly.”