Monday, May 19, 2014

Graduates of web-based financial education program honored

Union_First2Vinton, Virginia – May 19, 2014 – Today, Superintendent Dr. Lorraine Lange, Union First Market Bank and educators from William Byrd High School honored graduates from the My Money, My Future program, a financial education course designed to empower young people with the essential skills needed to make sound financial decisions. Union First Market Bank has partnered with leading education technology company EverFi, Inc. to bring this interactive, web-based financial management program to more than 17,000 students in 110 schools in Virginia just this school year.

Union Bankshares Corporatiion is headquartered in Richmond, Virginia. EverFi, Inc. is an education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical skills they need for life. Over 34,000 students reached through financial literacy program since 2011.

Union_FirstStudents at William Byrd High School were recognized today for their outstanding work in completing the program. The events included remarks from Superintendent Dr. Lorraine Lange, Bill Cimino, Union First Market Bank Vice President and Director of Corporate Communications, William Byrd High School Principal Dr. Richard Turner, and student representatives who completed My Money, My Future at William Byrd.

My Money, My Future has reached more than 34,000 students with critical financial education in just three years,” said Bill Cimino of Union First Market Bank. “Union First Market Bank is committed to investing in the communities we serve, which is why we are proud to bring this innovative program to Virginia schools.”

Along with the Genworth Foundation, the Virginia statewide sponsor, Union First Market Bank has partnered with EverFi, Inc. to bring the program to local students at no cost to the schools or the taxpayer. The web-based 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 high school course offers over six hours of programming with ten units in a variety of financial topics 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 uniquely tracks the progress and performance 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.  

“It is more important than ever to arm Virginia students with the skills to make sound financial decisions,” said William Byrd Principal, Dr. Richard Turner. “We are grateful for these public private partnerships that enable us to bring these important resources to schools in our district.”

Posted By Valerie Garner

Categories: Education, Finance

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