A 2010 financial literacy survey of adults, conducted on behalf of the National Foundation for Credit Counseling Inc., revealed more than 40 percent of adults said they learned their personal finance skills from their parents or at home. However, 34 percent, or nearly 77 million people, gave themselves a grade of C, D or F, leading to the conclusion that those in charge of the financial decisions at home may be in need of some additional financial education themselves.

In today's world, financial literacy is as important to individuals and families as learning how to read and write, according to First County Bank. To help citizens of lower Fairfield County better understand their everyday financial needs, First County Bank has joined CTE Inc., to provide a Financial Literacy Program for adults. Held at CTE's headquarters at 137 Henry St., in Stamford, First County Bank employees have volunteered to conduct four separate classes to be held tomorrow Nov. 30, Dec. 7 and Dec. 14.

Based on the FDIC's "Money Smart for Adults" instructional curriculum, First County Bank volunteers will instruct from four different modules that cover basic financial topics, including spending plans, the importance of saving, how to obtain and use credit effectively and the basics of building or repairing credit.

"It is important to remember that, as the financial world changes, so must financial education. What people need to know today about managing money will help them throughout their lifetime," Rey Giallongo, chairman and CEO of First County Bank, said. "Our team of instructors, many of whom are branch managers, help customers meet financial challenges and opportunities every day. What better people could these `students' have than the professionals trained to work with consumers and businesses at First County Bank."

CTE is the federal and state designated Community Action Agency for the Stamford, Greenwich and Darien communities. Its mission is to counter the basic causes of poverty in the Greater Stamford Area. A board of directors representing the business community, the public sector and low-income community residents, governs CTE. Under this leadership, CTE has provided diverse services and advocacy to reduce the physical, economic and psychological barriers to self-sufficiency for low-income individuals, families and communities, giving them the ability to rise out of poverty.

First County Bank, headquartered in Stamford, is an independent mutual community bank with 15 branches in Stamford, Greenwich, Darien, New Canaan, Norwalk and Westport offering deposit products, mortgages, trust and investment services, business banking services and online banking. First County Bank, which celebrates its 160th anniversary this year, has more than 220 employees and assets in excess of $1.3 billion. For additional information, visit www.firstcountybank.com; become a fan by clicking "like" on the bank's Facebook page at www.facebook.com/firstcountybank or follow @firstcountybank.

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