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WE’RE BANKING ON THE FUTURE

left-arrowWelcome to the SNB Blue Devil Branch!right-arrow

Wayne Elementary School and State Nebraska Bank & Trust have joined together to offer an in-school savings program for students called the SNB Blue Devil Branch. With parental permission, students in kindergarten thru 6th grade will now be able to open a savings account at school.

This unique program is part of a state-wide effort led by the Nebraska Council on Economic Education to teach financial literacy to youth. Currently, there are 30 in-school savings programs operating in Nebraska and Iowa. The SNB Blue Devil Branch is the first in-school bank in northeast Nebraska. The goal of this program is to provide local Wayne students opportunities to not only learn about savings and how banks work, but to also become savers themselves.

left-arrowWhat are the benefits to students and families?right-arrow

The SNB Blue Devil Branch will help young people build the financial skills necessary to thrive in the future. On weekly Bank Days, students can make deposits into their accounts. The emphasis is on regular savings, not big balances. All students in grades K-6 will have the opportunity to learn about saving money through this in-school bank. Lessons will also be taught in classrooms about financial literacy by Wayne State College faculty and students.

left-arrowWhat’s different about the SNB Blue Devil Branch?right-arrow

  1. All money deposited will be under one large Wayne Elementary School umbrella account. Information about each student’s deposits will be maintained separately and kept confidential.
  2. This SNB Blue Devil account is only active at the SNB Blue Devil Branch.
  3. Withdrawals will only be allowed when the student leaves Wayne Elementary School or graduates from 6th grade. At that time, a check will be issued for the balance in the student’s account.
  4. Each student will have his or her own account register kept at school where bank tellers will record deposits.
  5. In lieu of interest, students will receive incentives from State Nebraska Bank & Trust based on frequency of deposits.
  6. On the student’s first deposit, no matter when that occurs, State Nebraska Bank & Trust will deposit $5.00 into the student’s account as an incentive to participate in the program.
  7. 5th & 6th grade students have been hired as tellers for this branch and will be supervised by bank employees and Andi Diediker, 5th grade math teacher and the school contact for this in-school savings program.

left-arrowParent Permission Formright-arrow

Download the Parent Permission Letter so your child can open an account at the SNB Blue Devil Branch. Please sign and return to school via your teacher or the office at any time during the school year. Start saving today!

left-arrowWhen is the SNB Blue Devil Branch open?right-arrow

Bank Days begin October 24th, 2019, and end April 30th, 2020. The SNB Blue Devil Branch will be open every Thursday morning, 7:30-8:20 am, in the school cafeteria to accept student deposits. Cash is encouraged; however, we will accept coins limited to one small snack-size bag per deposit. The branch will re-open with each school year.

left-arrowHow do I become a teller?right-arrow

In the spring, letters are sent home to all 4th and 5th grade students at Wayne Elementary School inviting them to apply to be a bank teller for the following school year. Students must fill out an application, solve math problems, and obtain parental approval. Representatives from the bank and school will review applications and conduct a brief interview with each student. Selected students will receive a Teller Contract to sign, a special bank shirt and nametag to wear on Bank Days, and training in the fall.

Upon completion of a school year working at the branch, tellers who fulfill their job duties will have the opportunity to take a field trip to the University of Nebraska Omaha for a special event celebrating the in-school savings programs across the state. One Stellar Teller per school will also be recognized for his or her hard work.

left-arrowWho do I contact for more info?right-arrow

School Contact:
Andi Diediker
(402) 375-3854

SNB Contact:
Liz Onderstal
(402) 375-1130

To learn more about financial literacy, visit the Nebraska Council on Economic Education. Click here for info about our partner at the Wayne State College Center for Economic Education.