1/2 Credit of Financial Literacy Required in Iowa!

In 2009 TS Institute was created. Our mission was to train, equip and help infuse financial literacy into K-12 schools while working with legislators on the importance of financial literacy in our schools. Over the past decade we have served thousands of students and hundreds of teachers in the financial literacy and economics space. We have trained, encouraged, came alongside and listened to what we need in Iowa from our teachers. Our passion continues as we see a more financially savvy generation than we did in 2009.

It is with joy that we announce that financial literacy will now be required for all high school students in the state of Iowa. A bill passed on April 17th by Governor Reynolds reads as follows:

DIVISION VII 2 FINANCIAL LITERACY 3 Sec. 20. Section 256.11, subsection 5, Code 2018, is amended 4 by adding the following new paragraph: 5 NEW PARAGRAPH. k. One-half unit of personal finance 6 literacy. All students shall complete at least one-half unit 7 of personal finance literacy as a condition of graduation. The 8 curriculum shall, at a minimum, address the following: 9 (1) Savings, including emergency fund, purchases, and 10 wealth building. 11 (2) Understanding investments, including compound and 12 simple interest, liquidity, diversification, risk return 13 ratio, certificates of deposit, money market accounts, single Senate File 475, p. 13 14 stocks, bonds, mutual funds, rental real estate, annuities, 15 commodities, and futures. 16 (3) Wealth building and college planning, including 17 long-term and short-term investing using tax-favored plans, 18 individual retirement accounts and payments from such accounts, 19 employer-sponsored retirement plans and investments, public and 20 private educational savings accounts, and uniform gifts and 21 transfers to minors. 22 (4) Credit and debt, including credit cards, payday 23 lending, rent-to-own transactions, debt consolidation, 24 automobile leasing, cosigning a loan, debt avoidance, and the 25 marketing of debt, especially to young people. 26 (5) Consumer awareness of the power of marketing on buying 27 decisions including zero percent interest offers; marketing 28 methods, including product positioning, advertising, brand 29 recognition, and personal selling; how to read a credit report 30 and correct inaccuracies; how to build a credit score; how to 31 develop a plan to deal with creditors and avoid bankruptcy; and 32 the federal Fair Debt Collection Practices Act. 33 (6) Financial responsibility and money management, 34 including creating and living on a written budget and balancing 35 a checkbook; basic rules of successful negotiating and 1 techniques; and personality or other traits regarding money. 2 (7) Insurance, risk management, income, and career 3 decisions, including career choices that fit personality styles 4 and occupational goals, job search strategies, cover letters, 5 resumes, interview techniques, payroll taxes and other income 6 withholdings, and revenue sources for federal, state, and local 7 governments. 8 (8) Different types of insurance coverage including 9 renters, homeowners, automobile, health, disability, long-term 10 care, identity theft, and life insurance; term life, cash 11 value and whole life insurance; and insurance terms such 12 as deductible, stop loss, elimination period, replacement 13 coverage, liability, and out-of-pocket. 14 (9) Buying, selling, and renting advantages and 15 disadvantages relating to real estate, including adjustable 16 rate, balloon, conventional, government-backed, reverse, and 17 seller-financed mortgages.

We are so excited for the future of Iowa students and for that matter for all generations to come. As stated by Andy Stanley, “Everybody ends up somewhere in life. A few people end up somewhere on purpose. Those are the ones with vision.” We hope that we are helping to create vision in the hearts of students, teachers, lawmakers, and every hard working American. It’s a great day to be teaching financial literacy!

Economics for Heroes

We are so excited to offer our very first, “Economics for Heroes,” a financial literacy event for Veterans and their families. This event will be part of our 2018 Money Smart Week offerings in the Council Bluffs area.

The event will be held Saturday, April 14, 2018 from 8:00 a.m. – 5:00 p.m. at the Pottawattamie County Commission of Veteran’s Affairs office located at 623 6th Avenue, Council Bluffs, IA.

The event will be led by Ken King, former Consumer Credit Counseling Service and Family Service Association of Sheboygan, WI and Scott Niederjohn, Ph.D. University, Dean of the School of Business and Entrepreneurship.

For more information and a look at the agenda please click Economics for Hereos.

Lights, Camera, Save Video Contest is here!

What is Lights, Camera, Save?

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Lights, Camera, Save! is a teen video contest that encourages teens to educate themselves and their peers about the value of saving and using money wisely. Students enter the contest by submitting videos to local participating banks. These banks then choose a local winning video and submit it for judging at the national level.

Looking to Increase Your Savings Account?

The top three national winners will receive a cash prize of $1,000$2,500, and $5,000 to fund their savings goal! Additionally,
each winner’s school will receive a scholarship for a teacher to attend the Jump$tart National Educator Conference.

Think You Can Create the Winning Video?​

Check out the contest rules and contact a participating bank in your area for a contestant entry form. Don’t see a participating bank in your state, contact contest manager Jeni Pastier. Remember the contest closes Dec. 1.

Banks looking host a contest must first register participation before gaining access to contest materials.

The Great Piggy Bank Pageant during America Saves Week!

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On February 17th at Franklin Elementary there was an electric buzz. Benjamin Franklin and Mayor Matt Walsh were visiting for a very important purpose. They promoted savings and signed an America Saves Week proclamation. After that all the third grade classes at Franklin received a piggy bank to decorate for the pageant and a short lesson on saving money. Please see the attached news release and KETV interview for more info.

Nonpareil Online Article

KETV Interview

Wilson Jr. Jacket Branch Opens for Business

The Wilson Jr. Jacket Branched opened for business on September 17, 2015. Middle school students were lined up to make their deposits and save their money. It was a great day!

The Wilson Jr. Jacket Branch will link Rue’s Jr. Jacket Branch and Thomas Jefferson’s Yellow Jacket Branch making the in school banking program K-12. This linkage is the first in Iowa and second in the nation.

Please read all about it in the link below.

Wilson’s Jr. Jacket Branch

2015 Middle School Entrepreneurship Camp

Starting on June 9 and finishing on June 11 TS Institute partnered up with Promise Parnters, Wilson Middle School and Kirn Middle School to host an action packet Entrepreneurship Camp. At the camp, students bought supplies from Goodwill in Council Bluffs and innovated what they had to come up with a new product.

The middle school students traveled to many local businesses and some businesses came to visit the camp at Wilson Middle School. The camp wrapped up with 5 “businesses” pitching 5 different products to three judges.

Thank you Scooters Coffey (Omaha, NE), Goodwill (Council Bluffs, IA), Thunder Bowl (Council Bluffs, IA), The River (Council Bluffs, IA),  CBTV Channel 17 (Council Bluffs, IA),  Joe’s Karting (Council Bluffs, IA),  TS Bank (Treynor, IA), Edward Jones (Council Bluffs, IA) for taking your time and imparting your wisdom to these students.

Thank you Deb Goodman, Kristi Plunkett, & Sue Pitts for being our judges!

For more info, check out the article the Nonpareil wrote here.

2015 Iowa Financial Literacy Summit – May 5th

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First Iowa Financial Literacy Summit

May 5, 2015-

The first Iowa Financial Literacy Summit was held May 5 from 8 AM to 4 PM at the Iowa
Events Center in Des Moines with 250 educators, students, and financial professionals
attending. Bob Mantell, Administrator of the TS Institute in Treynor served on the state-
wide planning committee and was a key break-out session speaker discussing “Best
Practices in Financial Education”. Kyle Osborne, TS Institute, spoke to students about “A
Lesson in Debt Decision Making and Investing. Mick Guttau, TS Bank, spoke on a panel
about “Lessons Learned by Financial Services Professionals.” Also attending from TS
Institute was Patty Fleming and from TS Bank, Judy Guttau.

The event was sponsored by Iowa Student Loan, Iowa Bankers Association, Junior
Achievement, Community Bankers of Iowa, Iowa Credit Union Foundation and Wells Fargo.
Director of Community Reinvestment

For more info click here.