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Arsenal Credit Union helps deliver high quality, unbiased financial education to local high school students

Financial Education
Arsenal Credit Union helps deliver high quality, unbiased financial education to local high school students

Arsenal Credit Union, in partnership with EverFi, Inc., is once again bringing digital-based financial education into the classroom this year at four local high schools.

Last year, 655 students at Fox, Windsor, Seckman and McCluer North spent 2,419 hours of learning through EverFi’s Financial Literacy program, not counting discussions in the classroom and the lesson plans that teachers used around these modules. Arsenal underwrote the cost for this program.

“At Arsenal Credit Union, supporting our communities also means supporting our students. If we can better educate the students of today, they will become more financially responsible citizens of tomorrow,” said Ken Moser, vice president of marketing at the $234 million credit union headquartered in Arnold.

Through this public-private partnership, students learn important financial skills by using this program, all at no cost to the districts, schools, teachers, students or taxpayers. “We want to give as many students as possible access to this crucial financial education program at these schools,” Moser said.

The courses students receive align with state, national and Jump$tart Coalition financial literacy standards and are recognized by the Consumer Financial Protection Bureau as being a trusted resources for financial education. The program uses the latest in new media technology – simulations, avatars, gaming and adaptive-pathing – to bring complex financial concepts to life for today’s digital generation. The financial education courses cover everything from introductory topics like saving and budgeting to advanced topics like insurance, taxes and investing. At the heart of each lesson are performance-based activities. These interactive experiences allow students to apply what they have learned, practice their financial skills, and see the consequences of their financial decisions play out in real-world scenarios.

After taking EverFi’s Financial Literacy program, local students at the schools Arsenal sponsored increased their scores on assessment tests by an average of 66%. Students showed the most gain in savings, banking and financing higher education.

A student at Fox found the program to be “very informational” and said that “it teaches you exactly what you need to know in life after high school so you can support yourself financially.”

“Outstanding” is the word that Bettina Woolsey, a teacher in the Family & Consumer Science Department at Seckman, used to describe the program. “I’ve seen many and they are usually boring or childish,” she said. “This is the first one of excellent quality I’ve ever felt would be beneficial to incorporate into my classroom. For my first time using it, the program went really well!”

To complement the EverFi program, Arsenal has a certified educator in personal finance on its staff who can give classroom instruction in person. This same person also teaches financial topics to grade school and middle school students, providing customized content. In the first half of this year alone, she reached 2,555 students through 64 free presentations.

Arsenal was recently honored with a Alphonse Desjardins Youth Financial Education Award, its sixth since 2004, from the Heartland Credit Union Association. The credit union has also been recognized for its adult financial education efforts.