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
Each year, Lotus Bank representatives present 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.
Rob Smigielski, Banking Officer along with Linda Abraham, Personal Banker discuss saving strategies, and various economic concepts with the school’s third grade classes. The presentation includes games and activities aimed at developing concepts about saving, how compounding interest makes money grow, how to budget and determining needs and wants.
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. Additionally, Lotus also makes monetary contributions to other non-profit and human services agencies.
Among those organizations supported:
American Cancer Society
American Diabetes Association
American Red Cross
Asian Indian Women's Association
Detroit Telegu Association
Farmington Chamber of Commerce
Gujrati Samaj of Detroit
Habitat for Humanity
India League of America
Indo-American Chamber of Commerce
Indus Center for Academic Excellence
International Development Fund for Higher Education
Jain Society of Greater Detroit
Lakes Area Chamber of Commerce
Livonia Chamber of Commerce
Michigan Association of Physicians of Indian Origin (MAPI)
Novi Chamber of Commerce
Samaritan Counseling Center
West Bloomfield Parks and Recreation