MVB announces new program
Mountain Valley Bank NA has announced a new initiative of bringing financial literacy education to high school students at Elkins, Tucker County and Tygarts Valley high schools by providing them with access to the EverFi Financial Literacy Platform. This web-based program 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.
Through the EverFi platform, students will become certified in more than 600 topics in financial education, allowing them to become more informed, responsible citizens. Mountain Valley Bank has partnered with EverFi, Inc. to bring the interactive financial management program to these high school students at no cost to the schools.
“The Everfi financial literacy program ensures that all of our graduating seniors have been exposed to basic training on financial planning. I’d much rather have them learn from financial mistakes through a computer program than have them make mistakes with their own money in real life,” said Scott Biola, EHS civics teacher.
Another local instructor, Bruce Wilson, a social studies teacher at TCHS, said, “I used this in my senior civics courses and 100 percent of my students successfully completed the program. The learning modules of the program were very informative, interesting and engaging. I believe most of the students really enjoyed working on this and I know they learned a great deal about the important topic of financial literacy.”
The 10-unit course offers six hours of programming aimed at teaching, assessing and certifying students 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 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.
Joan Hostetler, Mountain Valley Bank marketing/human resources manager, said Mountain Valley Bank leaders are excited about the partnership with Everfi to give students life skills in financial literacy.
“We want to teach our children to be responsible and productive citizens, but we have to do it in a way that’s fun,” Hostetler said. “We have found that a majority of our graduating seniors have no concept regarding budgets, credit scores and other important financial tools. That is why we decided to finance this project.”
Mountain Valley Bank was the first bank to sign on to this program in West Virginia and the only West Virginia based bank to bring it to local schools.
EverFi is the leading education technology platform company to teach, assess and certify students in critical skills including financial literacy, student loan management, digital literacy and health and wellness. The company already is powering a national movement in 50 states that enables students to learn using the latest technology, including rich media, gaming, high-definition video and simulations. EverFi teams with major corporations and foundations to provide the programs at no cost to schools. To date, more than 5.5 million students have completed EverFi learning platforms.