It is more important than ever to arm young people with the skills to navigate an increasingly complex financial landscape
Glendale, Calif. (PRWEB) September 14, 2015
California Credit Union today launched its Financial Scholars Program, a new initiative to bring financial literacy education to high school students across Los Angeles County. The program will be delivered in partnership with EverFi via its powerful financial literacy learning platform.
The California Credit Union Financial Scholars Program is web-based, using the latest in new media technology – including simulations, avatars, gaming, and adaptive-pathing – to bring complex financial concepts to life for today’s digital generation. Through this platform, students in 10 high schools will cover scores of topics in personal finance, allowing them to become more informed, responsible citizens.
California Credit Union will work with EverFi, to deliver the interactive financial management program to students at no cost to the schools.
"It is more important than ever to arm young people with the skills to navigate an increasingly complex financial landscape,” said Ron McDaniel, CEO of California Credit Union. "We hope students take full advantage of this innovative educational experience that uses the tools they love – digital learning and gaming – to explain these important topics."
The Financial Scholars program, a 10-unit course offers approximately six hours of instruction aimed at teaching, assessing and certifying students in a variety of relevant financial topics. These include credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401k accounts and other critical concepts that map to national financial literacy standards.
The platform tracks the progress and score of every student and provides students who successfully complete the course with Certification in Financial Literacy, a valuable mark of distinction on college applications and resumes.
“EverFi technology is literally transforming how students learn, and we are incredibly grateful for the public-private partnerships that make this possible,” said EverFi CEO Tom Davidson. “California Credit Union is critical to the success of our mission to ensure that these cutting-edge tools reach all communities.”
The California Credit Union Financial Scholars Program will roll out this fall.
About California Credit Union
California Credit Union is a federally insured, state chartered credit union founded in 1933 that serves all California public or private school employees, as well as their relatives, members of the student body, and other related organizations. With more than 86,000 members and assets of nearly $1.4 billion, Glendale-based California Credit Union has 13 branches throughout the Los Angeles area. Visit http://www.californiacu.org to learn more.
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 http://www.everfi.com