90 Recipients of the 2021 National Puerto Rican Day Parade Scholarship Program Learn How to Manage Their Finances.

Popular Bank proudly supported the National Puerto Rican Day Parade (NPRDP) and made a $25,000 gift toward the 2021 NPRDP National Scholarship Program. The NPRDP Scholarship Program rewards outstanding students of Puerto Rican descent with scholarships of $2,000 as they pursue higher education.  

Building financial confidence.

As part of the NPRD Scholarship Program, Popular Bank Delancey Street branch manager Marcos Rosado presented a financial literacy webinar on “Banking Basics” to 90 students and scholarship recipients representing 16 states and Puerto Rico.

Participants learned about basic banking, including making a deposit, opening a savings account, or applying for a loan. They also gained an overview of banking products, such as checking accounts, CDs, or money market accounts, and could then manage or save their money in smarter ways. 

Rosado shared, “We are thrilled to support these students as they take their next steps to pursue higher education. It is vital that they also learn how to manage their finances, pitfalls to avoid, and [how to] achieve financial health. We want them to ask the right questions and strengthen their understanding of their needs so they can access the right solutions for themselves.”

Financial habits for the next generation.

The webinar also provided information on credit products, installment loans, mortgages, check cashing, ATMs and debit cards, and online and mobile banking.

“The National Puerto Rican Day Parade is committed to advancing the pursuit of higher education,” said Louis Maldonado, Board Chair, NPRDP. “We want these students to strengthen their confidence and understanding of personal finance. As a society it is imperative that we impart responsible financial habits for the next generation, so they have the best chance to succeed in reaching their financial goals.”