OHIO Lancaster Hosts Free Financial Literacy Seminar Series

Ohio University Lancaster will be hosting a Financial Literacy Seminar Series starting October 7. The series is sponsored by Park National Bank, Fairfield Federal Savings and Loan, and Standing Stone Bank. These educational seminars will be free and open to the public.

“I am delighted that Ohio University Lancaster has partnered with Park National Bank and Fairfield Federal and Standing Stone Bank,” said Jarrod Tudor, dean of campus and community relations at OHIO Lancaster. “As part of our commitment to the community, we strive to offer valuable resources that extend beyond our academic programs. We invite the community to take advantage of these free learning opportunities.

The Financial Literacy Seminar Series will cover a wide range of topics. Park National Bank will teach you how to start a small business, the basics of budgeting, retirement planning and investing in stocks. Fairfield Federal Savings and Loan will share their expertise in buying and selling a home, types of mortgages and careers in banking. Standing Stone Bank will host a seminar on consumer credit.

“This program is an exciting educational opportunity for our community that will help participants build a solid foundation for their future financial success,” said Mary Snider, President and CEO of Fairfield Federal Savings and Loan. “As a banker, I often advise clients to help them improve their creditworthiness or their overall financial health. This program is a perfect complement to our mission at Fairfield Federal to promote savings and homeownership.

Laura Tussing, Regional President of Park National Bank, said she was thrilled to partner with OHIO Lancaster on the series. “Park strongly believes in the importance of financial education and in providing members of our community with the tools necessary to achieve their financial goals. We are proud to be a part of it. “

“At Standing Stone Bank, we work with our clients every day to help them achieve financial success,” said Jeffrey Beard, President and CEO of Standing Stone Bank. “Our partnership with Ohio University Lancaster allows us to continue our work in our community on this important issue. “

Each seminar will take place in the Brasee Hall, Room BH419, at 6 p.m. Refreshments will be provided. A full list of the lineup can be found below.

October 7 – Student loans

Information on student loan programs and loan options; effects of deferred payments on the loan balance; loan repayment calculations and repayment terms; and the Pell Grants and Scholarships.

October 21 – Mortgage Calculations (Fairfield Federal Savings and Loans)

Most people who buy a home today don’t have enough money to pay the full price of the purchase. In this course, participants will learn about the types of mortgages widely available, the mortgage underwriting process, and the allocation of a mortgage payment, including escrows. Participants will review an actual mortgage document and learn what it is used for.

November 4 – Buying and Selling a House (Fairfield Federal Savings and Loans)

Homeownership is still the American dream for most of us. This course will provide a detailed overview of the home buying and selling process, starting with mortgage pre-approvals, residential property marketing and use of real estate agents, listing contracts, contracts purchase, inspections, real estate appraisals, title search. , title insurance and general guarantee acts, receiverships, closings and closing costs.

Nov 18 – Retirement planning, estate planning and retirement plans (Parc National Bank)

You’ve heard the saying, “If you don’t plan, you plan to fail. Planning is a key part of financial well-being, whether it’s for your retirement or your inheritance. In this course, we’ll cover the ins and outs of planning for retirement and the different types of accounts to make it happen, including retirement plans. We’ll also cover an often overlooked element of financial well-being, estate planning.

*Investment products are not FDIC insured or bank guaranteed, and may lose value.

December 2 – Investing in stocks, investing in mutual funds and cryptocurrency (Park National Bank)

If you are unfamiliar with the world of investing, it can be intimidating to get started. The different terms and approaches can seem confusing, and it can even prevent people from investing in the first place.

In this course, we’ll go through some of the basic investing principles and terms, putting you on a safer path to understanding what is done with your money when you invest. Even if you know some basic terms, a reminder can still help you in the ever-changing world of investing.

*Investment products are not FDIC insured or bank guaranteed, and may lose value.

December 16 – Purchases of consumer goods and consumer credit (credit cards, etc.) (Standing Stone Bank)

In this seminar, we will discuss the different forms of consumer credit, when it makes sense to use each option, and how to effectively manage this form of finance.

January 13 – Basic Principles of Budgeting (Park National Bank)

It’s easy to lose track of what you’re spending week after week, especially if you’re spending impulsively. Budgeting is a great way to stay within your means, make sure you cover your needs, and give yourself the opportunity to save for your future.

Let’s talk about the basics of budgeting so you can plan your financial journey, set goals, and take the path to financial success.

January 27 – Careers in banking (First federal savings and loans)

It is not enough to be good at math to have a rewarding career in banking. A panel of local bankers will discuss their own career paths and the many career opportunities available in the banking industry, such as mortgage and consumer lending, branch management, human resources, compliance, internal audit. , information technology and marketing.

February 10 – Starting a small business (Park National Bank)

Small businesses are the backbone of our economy, but how does a great idea turn into a small business? In this course, we will talk about the process of starting a small business and discuss, from a banker’s perspective, the requirements of a small business loan application.