Bellco Credit Union is helping Colorado kids prepare for a successful financial future through its work with EVERFI, a leading social impact education innovator. More than 200 students have participated in Bellco’s financial education program to date, which empowers them by helping them develop critical financial capacities as they enter into adulthood.
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Schools along the Front Range have participated in the program, with students spending a combined total of more than 400 hours learning financial skills.
“With educational opportunities advancing online, we are proud to offer these important digital tools to help young people establish healthy financial habits,” said Jody Soper, vice president of marketing at Bellco. “Our goal is to provide foundational financial skills like budgeting and the value of creating a savings plan to help them reach their short- and long-term financial goals.”
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The program has resulted in an increase in financial knowledge and capabilities among the participating students.
- Assessments showed that participants’ understanding of basic financial concepts, such as budgeting, credit and debt, insurance and financing higher education increased by 31% after taking the courses.
- The students also reported an increase in confidence, with 73% saying they were ready to set up and follow a budget – a critical step toward reaching financial goals.
“As we head back into a new school year while still in the midst of a pandemic that is having far-reaching financial implications, there has never been a better time for families to focus together on finances, making good decisions and managing debt,” said Ray Martinez, president and co-founder, EVERFI. “We applaud the commitment Bellco has made to bring these educational resources to hundreds of Colorado students.”
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