April 2, 2019
Assemblywoman Angela McKnight and Cross River to Present a Series of Community Events for Financial Literacy Month
FORT LEE, N.J. - Together with Assemblywoman Angela McKnight (D- Hudson), Cross River Bank (“Cross River”), a New Jersey financial institution known for its innovative use of new technology, will be hosting a series of local events for National Financial Literacy Month in April.
“One of the most important lessons a person can learn is how to properly manage their money,” said Assemblywoman McKnight (D-Hudson). “The purpose of the ‘Money Mondays’ sessions are to connect the community with financial experts and equip them with a basic understanding of how money works and how it affects their lives. These sessions will highlight the importance of making sound financial decisions and aims to combat the serious consequences that may be associated with a lack of understanding about personal finances.”
The sessions, “Money Mondays”, will take place every Monday during the month of April. Each session will be dedicated to a different area of personal finance such as saving, investing, utilizing financial technology, goal setting and more. The events are free to the public and aim to provide the community with the foundation they need to become more financially independent.
“At Cross River, one of our top priorities is giving back to the community” said Phil Goldfeder, SVP Public Affairs, at Cross River. “We are proud to partner with Assemblywoman McKnight, a champion of financial literacy, to empower the citizens of New Jersey, and provide them with the tools to make sound financial decisions for long-term success.”
As a leading fintech bank, Cross River is taking an innovative approach to financial literacy education by highlighting how technology has the potential to support greater financial inclusion while ensuring consumer protection.
Assemblywoman McKnight is leading the effort to provide financial literacy education as the primary sponsor of the Financial Literacy Bill, A1414, which will require financial education to be incorporated into curriculum for 6th, 7th, and 8th grade students starting this September. Other states have joined in the effort to improve financial literacy and help students graduate with money-management skills to prepare them for life after graduation and the economic realities of the modern marketplace.
The series kicked-off on Monday, April 1st, with an introductory panel followed by Q & A, at the Mary McLeod Bethune Life Center in Jersey City. The next event will take place on Monday, April 8th. In addition, Cross River will be leading similar financial literacy workshops in local schools.