Spotlight on Board Member Michael Gersack

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Executive Committee Member Michael Gersack of Xcel Energy has been a Young Americans Center for Financial Education board member since 2011.  “Kids and money matters are important to me,” says Gersack, “especially when I see the issues my own teens face.” Michael has a strong background in finance, leadership and the energy industry which he brings to governing Young Americans.  …

Concept of the Month: Credit Smarts

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This month at Young Americans Bank, we’re talking about credit.  It’s not “free money” as some young people may think. Credit is the borrowing of funds with the intent of paying them back. In almost every case, there is a charge for borrowing the funds. The charge is usually in the form of fees and/or interest. Credit is considered an …