Young Americans Bank
From Wikipedia, the free encyclopedia
| Young Americans Center for Financial Education | |
|---|---|
 |
|
| Type | Private |
| Founded | Denver, Colorado (1987) |
| Headquarters | Denver, Colorado |
| Key people | Rich Martinez, President and CEO |
| Industry | Banking, Education |
| Employees | 48 (2007) |
| Website | [1] |
Cable magnate Bill Daniels created the Young Americans Bank in 1987 after a group of elementary students in Denver, Colorado were denied a loan from other banks for a school project (Young Americans Center for Financial Education - History & Founder.) Young Americans Bank is housed under Young Americans Center for Financial Education, a 501(c)3 non-profit that organizes programs such as Young AmeriTowne, International Towne, Get aHead for Business, summer camps, and Young Americans Bank, a for-profit, FDIC insured financial institution. The Bank has the distinction of being the world's sole financial institution designed specifically for people under the age of 22[2]. As a full service bank, YAB offers, among other financial products, savings accounts, checking accounts, certificates of deposit (CDs), and credit card accounts[3]. Emphasizing financial education for children, the Center's Youth Advisory Board regularly meets to discuss its operations, including the Bank and programs.
