I’ve been participating in ABA Foundation events since I became CEO at ABA 10 years ago, and I always look forward to going out into classrooms and spending time with young people in our community – just as I know so many of you do.
This year in particular, I am reminded of the incredible legacy of the ABA Foundation, which is celebrating its 100th anniversary this year. The foundation was launched in 1925 (in conjunction with ABA’s 50th anniversary) as the Foundation for Education in Economics Trust Fund. Funded through voluntary contributions, the trust fund sponsored college scholarships and research grants in economics, banking and finance.
In the 1970s, the foundation launched its first consumer education program – the Personal Economics Program – to help volunteer bankers bring financial education presentations to their local schools and communities.
To this day, education remains at the heart of the foundation’s mission. It empowers bankers with the tools and resources to help build long-term financial capability for Americans of all ages. We do this through our many flagship programs – including Teach Children to Save; Get Smart About Credit; Safe Banking for Seniors; and Lights, Camera, Save! – as well as through training, consumer resources and campaigns.
I’m incredibly proud of the work the foundation has done throughout its history to support banks as they help build long-term financial security, promote revitalized and resilient communities and advance economic opportunity for all – and the work continues! In fact, the foundation has set an ambitious goal of reaching five million people with financial education programs by next year.
We are already well on our way: so far, more than 1,100 banks have reached 2.2 million customers and counting. If you’re not already participating in these programs, I encourage you to explore our offerings and join us in this effort. Thanks to financial support from the foundation’s sponsors, we provide programs and resources for free to every bank in the nation. You can register at any time at ABA.com/FinEd.
As bankers know all too well, you’re never too old – or too young – to deepen your understanding of personal finance and increase financial literacy.
By volunteering your time and expertise in your community, bankers like you can help Americans of all ages chart their course to a bright financial future.

Robert S. Nichols, President and CEO,
American Bankers Association
Rob Nichols has been president and CEO of the American Bankers Association since 2015 after 10 years at the helm of the Financial Services Forum, a nonpartisan economic policy and advocacy organization. He also served in the George W. Bush administration as assistant secretary for public affairs at the Treasury Department.
Email Robert at RNichols@ABA.com