Over 350 students reached in the 2015-2016 school year
Hillsboro, OH – (September 15, 2016) – National Cooperative Bank (NCB),
a leading financial institution which provides banking products and services to
Southern Ohio and the
nation's cooperatives, their members and other socially responsible
organizations, has partnered with leading education technology
company EverFi, Inc., to bring an interactive, web-based financial management program to over 1,029 students
since the program’s inception in 2013. In the 2015-2016 academic
year, 354 students were reached among the five local high schools that utilized
the Money Matters Program.
“NCB is proud to have empowered so many students with the
essential skills needed to make sound financial decisions. It’s a testament to
our investment in the local community,” Deb Jones, NCB Co-President, Ohio
Region said. “It is crucial that our younger generation understand important
aspects of personal finance and this program equips them with the knowledge
needed to successfully navigate the increasingly complex financial world we
students reached through the NCB’s Money Matters Financial Literacy Program,
completed 2,675 individual modules of learning during the 2015-16
school year. Students’ understanding of key financial topics rose by an average
64% based on pre- and post-assessment scores.
Among the valuable topics covered were saving, banking, investing, renting
versus owning, credit scores, taxes and insurance, and consumer fraud.
“The program engages and interacts with students while
placing them in real-world scenarios,” said a teacher using the program. “Students
truly appreciate learning about topics that they can and will use in their
recent EverFi survey data, 87% of parents talk to their kids about money but
only 43% of parents describe themselves as ‘well prepared' to teach their kids
about money, and many do not discuss more complex concepts like credit,
financing higher education, or building wealth, focusing instead on values and
rules-of-thumb like saving, managing spending, and avoiding debt. These statistics support the need for
financial education in a school setting, where all students have an equal
opportunity to learn essential financial skills.
Matters Financial Literacy Program is implemented in a co-curricular basis,
providing students with the opportunity to develop healthy financial attitudes
and behaviors in a classroom setting.
awards a $1,000 scholarship to a graduating senior at each of the schools that
participate in the program and awards a $2,000 Technology Grant to the school
that has the highest percentage of students that complete the program.
students and adults develop a foundation of financial understanding and
capability is absolutely critical," said EverFi Founder and CEO Tom
Davidson. We are grateful for our partnership with NCB who is tackling this issue head on and taking positive
steps to prepare young people with the critical financial management skills
needed to be savvy, responsible consumers.”
About National Cooperative Bank: National Cooperative Bank is
dedicated to strengthening communities nationwide through the delivery of
banking and financial services, complemented by a special focus on cooperative
expansion and economic development. NCB provides financial products and
services for the nation’s cooperatives, their members, and socially responsible
organizations. Headquartered in Washington, DC, the Bank has offices in Alaska,
California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop,
National Cooperative Bank on Facebook, or on Twitter @natlcoopbank.
About EverFi: EverFi, Inc. is the
leading education technology company focused on teaching, assessing, and
certifying K-12 and college students in the critical skills they need for life.
The company teams with major corporations and foundations to provide the
programs at no cost to K-12 schools. Some of America’s leading CEOs and venture
capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos,
Twitter founder Evan Williams, Rethink Education, New Enterprise Associates,
Inc. (NEA), and Tomorrow Ventures (the investment arm of Google Chairman Eric
Schmidt). Learn more at www.everfi.com.