PenFed continues to invest in the future of Porto Rico providing financial education to more than 2,200 public and private school students
TYSONS, Virginia, March 17, 2022 /PRNewswire/ — PenFed Credit Union and EVERFI hosted an interactive learning event today focused on improving the financial literacy of grade 11 and 12 students at Saint John’s School in San Juan, Puerto Rico. The students recently completed the “Tu Dinero, Tu Sueño” (“Your Money, Your Dreams”) program, a scalable digital financial education program provided by PenFed through a strategic partnership with EVERFI, one of leading innovators in educational technology.
“PenFed believes that the best way to serve Porto Rico is to help the next generation achieve their financial goals,” said PenFed’s executive vice president of operations. Jamie Gayton. “We remain committed to investing in the development of Porto Rico young future leaders and we are grateful for the support of EVERFI and Saint John’s School as we promote financial literacy and encourage students to create a better future for themselves and their communities. »
PenFed and EVERFI have had a strategic partnership over the past three years to bring free essential financial education technology to more than 2,200 public and private K-12 students at 23 schools across Porto Rico. PenFed provides access to EVERFI’s proven curriculum, teaching them how to make smart financial decisions and succeed in life. The program teaches students about saving and checking, building and maintaining healthy credit, planning major purchases, investing and retirement, and financing higher education.
Community volunteers, including heads of PenFed financial centers, participated in a “speed networking” activity with 70 students who recently completed EVERFI’s financial education program. During the activity, students had the opportunity to ask PenFed and community volunteers questions in small group conversations about the life skills taught in the program.
The students were joined by Academic Director of the Puerto Rico Department of Education, Dr. Guillermo Lopez. Junior Achievement of Puerto Rico Chairman of the Board Cristian Hernandez and Executive Director Kaysa Ramos were also present.
As a result of these activities, PenFed announced that two students received scholarships in the amount of $1,250 in recognition of their work throughout the Tu Dinero, Tu Sueño program. Volunteer advisors also met with students from St. John’s School Investment Club to participate in a series of financial puzzles.
“It was an honor to learn from and recognize the incredibly talented students and teachers at Saint John’s School. These students will leave high school better prepared to understand the realities of managing their finances and on the right path to true financial capability,” said Ray Martinez, president and co-founder, EVERFI. “PenFed Credit Union and its employees are committed to supporting financial responsibility in all of their communities. Today’s event is a perfect example of how our strategic partnership builds financial capability among young learners, helps them open savings accounts and give them access to college Kudos to Saint John’s School and PenFed Credit Union for helping change the trajectory of a student’s life.
PenFed currently serves its members in Porto Rico with financial centers in San Juan, Hatillo, Ponce and on the US Army garrison Fort Buchanan. PenFed has been on the island for over 15 years and plans to open a bilingual service center in Guaynabo this year.
Since the devastation of Hurricane Maria in 2017, PenFed has invested more than $8 million open new facilities Porto Rico and rebuild the local economy.
About PenFed Credit Union
Founded in 1935, the Pentagon Federal Credit Union (PenFed) is the second largest U.S. federal credit union, serving 2.7 million members worldwide with $32.5 billion in assets. PenFed Credit Union offers certificates, checks, credit cards, personal loans, mortgages, car loans, student loans and a wide range of other market-leading financial services, always keeping in mind mind the interests of the members. PenFed Credit Union is federally insured by the NCUA and is a housing equality lender. To learn more about PenFed Credit Union, visit PenFed.orglike us on Facebook and follow us @PenFed on Twitter. Interested in working for PenFed? Consult us on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.
EVERFI, a Blackbaud company (NASDAQ: BLKB), is a global technology company that drives social impact through education to solve the toughest problems affecting society, ranging from financial well-being to health. mental health, conduct at work and other critical topics. Founded in 2008, EVERFI’s Impact-as-a-ServiceTM solution and digital educational content has reached over 45 million learners worldwide. In 2020, the company was recognized as one of the World’s Most Innovative Companies by Fast Company and was on Fortune magazine’s Impact 20 list. The company was also named to the 2021 GSV EdTech 150, a list of the most transformative growth companies in digital learning. Blackbaud, the global leader in cloud software for social good, acquired EVERFI in December 2021. To learn more about EVERFI, visit everfi.com or follow us on Facebook, Instagram, LinkedIn or Twitter @EVERFI.
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SOURCE PenFed Credit Union