Citizens Bank Donates $50,000 to UAC

Date: 
March 1, 2012

Citizens Bank Foundation donates $50,000 to Urban Affairs Coalition for youth financial education
Donation funds financial workshops for college-bound students

The Citizens Bank Foundation presented a $50,000 grant to the Urban Affairs Coalition to support its Community and Economic Development Department’s Financial Advancement Network (FAN) Club program. The FAN Club program offers workshops designed to teach people how to improve their money-management habits and pursue their financial goals.

Each FAN Club consists of six sessions, conducted by an expert, on topics such as debt management, improving credit scores, budgeting and saving for tuition. FAN Clubs encourage members to speak up about their progress in reaching personal financial goals.

“Financial education is an important focus for us at Citizens Bank,” said Daniel K. Fitzpatrick, President and CEO of Citizens Bank and RBS Citizens for Pennsylvania, New Jersey and Delaware. “Through our support of the Urban Affairs Coalition and its FAN Club program, we hope students learn critical skills that can put them on a path to financial independence and success.”

Fitzpatrick joined UAC President and CEO Sharmain Matlock Turner for the donation at Thurgood Marshall School. They addressed more than 20 eighth graders who are forming a FAN Club.

“The FAN Clubs offer real-life information to help prepare students for the responsibilities that come with being an adult,” said Matlock-Turner. “Knowledge is power, so graduates of our FAN Club programs are well-equipped to deal with an often confusing world.”

UAC will use the $50,000 grant to support the ongoing work of its Community and Economic Development Department, including the further development of its FAN Club program specifically for the youth population. UAC plans to organize six new FAN Clubs for 60 students to test four new tracks developed last year. The tracks include teen parenting; getting, keeping and growing your money; smart shopping; and living on your own. The six FAN Clubs will be hosted by the School District of Philadelphia’s AVID and Gear UP career programs for seventh and eighth grade students.

“A quality education today entails a lot more than reading, writing and arithmetic,” said Thurgood Marshall School Principal Keith Arrington. “Programs like FAN Club give our students a different perspective on life and provide important tools for being financially responsible and successful adults.”

UAC first launched the FAN Clubs in 2004 to meet the financial education needs of low- to moderate-income people. FAN Club groups may be formed by those who share a place of employment, school, church, temple, association, or are receiving assistance from a social service agency. To learn more about UAC’s FAN Club program, please visit www.uac.org/fan-clubs.   

About the Citizens Bank Foundation 

Citizens Bank Foundation is a subsidiary of the Citizens Charitable Foundation, which is a charitable contributions vehicle of Citizens Financial Group, Inc., RBS Citizens, N.A., and Citizens Bank of Pennsylvania