News

L.A. students get new financial literacy platform

By Laura Devaney
October 1st, 2015

California Credit Union will bring EverFi financial literacy platform to Los Angeles high schools

financial-literacyCalifornia Credit Union recently 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 EverFiTM 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.

Material from a press release was used in this report.

About the Author:

Laura Devaney

Laura Ascione Devaney is the Managing Editor, Content Services at eSchool Media. She is a graduate of the University of Maryland's prestigious Philip Merrill College of Journalism. When she isn't wrangling her two children, Laura enjoys running, photography, home improvement, and rooting for the Terps. Find Laura on Twitter: @eSN_Laura http://twitter.com/eSN_Laura