Independent Bankers Association of Texas (IBAT) has earned a 2015 ASAE Power of A Gold Award for its Teach the Teacher Program, giving Texas high school teachers, who are mandated to teach financial management to 12th grade students, an understanding of and confidence in the course material.
IBAT’s Teach the Teacher program responds to an urgent local need. Consumers in Texas rank among the lowest in average credit score (48th nationwide), household net worth and home ownership. In 2005, the Texas Legislature mandated the Texas Education Agency (TEA) that practical financial management be taught in the 12th grade within social studies/economics curricula. Because most faculty assigned to teach financial education lacked understanding/confidence in the material, the IBAT Education Foundation developed the program.
“Congratulations to IBAT for helping make the world a better place,” said Hugh “Mac” Cannon, MPA, CAE, Executive Director of ACEC of Metropolitan Washington, and chair of the Power of A Awards Judging Committee. “Their program exemplifies how associations make a difference every day – not just to the industry or profession they represent, but to society at large.”
IBAT’s Teach the Teacher Program is now a statewide program. Because of the number of community banks across the state, in both rural and urban areas, IBAT has been able to leverage community connections, school board involvement and additional resources to bring this program to each of 20 TEA Education Service Centers. Through 2014, IBAT provided the six-hour live program to 13 of the 20 regions, with plans to complete the final seven regions in 2015.
“By training teachers, who have students' trust and respect, we can dramatically improve the personal financial education outcomes,” said IBAT President and CEO Chris Williston. “The association is attacking the national problem of financial literacy on a local/statewide level by connecting local community bankers, local teachers, local schools, and ultimately, local students.”
ASAE’s Power of A (association) Awards, the industry’s highest honor, recognize the association community’s valuable contributions on the local, national and global level. The Power of A Awards reward outstanding accomplishments of associations and industry professionals for their efforts to enrich lives, create a competitive workforce, prepare society for the future, drive innovation and make a better world.