Type Private Website [1] Number of employees 44 (2009) | ||
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Motto Money Smarts for Kids. Money Skills for Life. Parent organization Young Americans Education Foundation | ||
Cable magnate Bill Daniels created the Young Americans Bank in 1987 after a group of elementary students in Denver, Colorado were denied a loan from other banks for a school project Young Americans Bank is housed under Young Americans Center for Financial Education, a 501(c)3 non-profit that organizes programs such as Young AmeriTowne, International Towne, Get aHead for Business, summer camps, and Young Americans Bank, a for-profit, Federal Deposit Insurance Corporation-insured financial institution. The Bank has the distinction of being the world's sole financial institution designed specifically for people under the age of 22. As a full service bank, YAB offers, among other financial products, savings accounts, checking accounts, certificates of deposit (CDs), and credit card accounts. Emphasizing financial education for children, the Center's Youth Advisory Board regularly meets to discuss its operations, including the Bank and programs.