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Financial Literacy Education

In this current economic environment, it is more important than ever to assist young people with the skills to navigate an increasingly complex financial system. Our partnership with EverFi allows our local school districts the opportunity to provide an important educational supplement and enables us the opportunity to give children the best possible chance to achieve financial wellness.

 

Peoples Security Bank & Trust Scholars Program

A FINRA study released in 2015 found that students who received rigorous financial education in high school saw increased credit scores and decreased chance of credit delinquency as young adults compared to their peers who did not receive financial education. At Peoples Security Bank, it is our firm belief that if we can better educate the students of today, then they will become the financially responsible citizens of tomorrow. These students are our future consumers and our future leaders. The more we can do to help them grow and prosper, the more our country will benefit, and the more the financial services industry will benefit.

Until recently, personal finance was not a priority in schools. Peoples Security Bank recognizes that financial competency is an essential life skill. It is critical that students understand important aspects of personal finance like what a credit score means and how to save for college.

The Peoples Security Bank & Trust Scholars Program is an initiative to bring critical financial literacy education to participating school districts in our local communities. Peoples Security Bank & Trust has partnered with EverFi, Inc., the nation’s leading education technology company, to bring this interactive, web-based financial management program to high school students at no cost to the schools or taxpayers.

Powered by EverFi technology, the web-based learning platform uses the latest in new media technologies – video, animations, 3-D gaming, avatars, and social networking – to bring complex financial concepts to life for today’s digital generation. This 10-unit course offers 6-8 hours of programming aimed at teaching, assessing and certifying students in over 600 topics in financial education including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401k’s and other critical concepts that map to national financial literacy standards. The platform tracks knowledge gained as well as students’ attitudes and behaviors on these important issues. Students who successfully complete the course receive certification in Financial Literacy, a valuable mark of distinction on college applications and resumes.

Our Peoples Security Financial Scholars program empowers students with the skills that will put them on a path to financial success. And through the hard work and dedication of teachers whose passion is to enrich the lives of their students, this program helps students gain the critical skills necessary for a sound financial future and to make them successful throughout their lives.

A recent graduate of the Peoples Security Bank & Trust Scholars Program commented “This program explained all the things I was dreading about adult life in a manner that was both engaging and informative. I feel much more prepared to tackle life’s financial obstacles after completing this course. I am extremely lucky to have been given the opportunity to learn through this program because of how much I know it will help me in the near future.”

To date, we have reached over 4,689 students across our footprint with our Peoples Security Bank & Trust Scholars Program. We are very proud to have reached so many students with critical financial education. It’s a testament of our deep commitment to our local communities. Our goal is to provide as many students as possible with access to this financial literacy platform before they graduate.

 

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 in 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 everfi.com.