Auburn State Bank and Auburn FBLA form Partnership
October 19, 2007
An idea brainstormed during the FBLA officer's summer
meeting has come to a reality! Auburn State Bank has agreed
to form a partnership with Auburn FBLA students to purchase
laptop computers. Auburn State Bank will work with
individual Auburn FBLA students to loan them up to $2000 to
purchase a laptop. The bank will charge a fixed interest
rate of 7.75% which is equal to the Wall Street Journal
National Prime Rate. Students will need a cosigner to sign
the credit application. The program will remain open for
FBLA students throughout the school year until May of 2008.
Todd Davis, of Action Technology Services will be available
to help students select laptop specifications.
Purchasing a computer and making the monthly payments could
be an excellent way for FBLA students to establish a good
credit rating. Auburn State Bank is eager to help students
in the community to learn the steps in applying for a loan,
become responsible for making payments, and helping FBLA
members use technology in today's global business world.
