Introduction to the Initiative
Bellco has announced its sponsorship of the EVERFI Financial Literacy Bee, scheduled from April 5 to April 19, 2024. This nationwide challenge is designed to enhance financial capability among students in grades 8-12.
The Structure and Significance of the Challenge
The virtual event, created by EVERFI with support from major financial institutions, includes four concise digital lessons followed by an essay contest. In the contest, students are asked to outline their short- or long-term savings goals and detail their plans to achieve them. Bellco will award a $500 prize to one student from its sponsored site to help jumpstart their savings efforts.
Given that 85% of Americans report financial stress, according to a 2021 survey by the National Endowment for Financial Education, the EVERFI Financial Literacy Bee offers a crucial platform for students to learn about saving and budgeting. “Bellco is dedicated to providing our communities with resources and tools to enhance financial education and drive meaningful change,” said John Rivera, Bellco’s chief retail officer. “We hope the Financial Literacy Bee sparks important financial conversations at home.”
Benefits for Participants
Participants in the challenge will gain new skills to create a personalized financial decision-making framework applicable to their lives now and in the future. Topics covered include saving, setting financial goals, budgeting, and investing. This comprehensive learning experience aims to equip students with the knowledge to handle financial situations effectively.
In addition to the Financial Literacy Bee, Bellco collaborates with EVERFI to offer MoneySmarts, a free, user-friendly online financial education tool to help consumers navigate financial uncertainties and plan for their futures. For more information about the EVERFI Financial Literacy Bee, visit Bellco.org/Bee.
About Bellco
Bellco, one of Colorado’s largest financial institutions, manages over $8 billion in assets and operates 29 branches across the state. Founded in 1936, Bellco offers a full range of financial products and services, including home equity loans, auto loans, and checking accounts. Serving over 360,000 members, Bellco provides the benefits of a credit union, such as lower loan interest rates, higher savings yields, and access to thousands of ATMs nationwide. Connect with Bellco on Facebook and Instagram. Bellco is federally insured by the NCUA and is an Equal Housing Opportunity Lender.
About EVERFI, Inc.
EVERFI from Blackbaud (NASDAQ: BLKB) is a global technology company focused on creating social impact through education on critical topics such as financial wellness, mental health, and workplace conduct. Since its inception in 2008, EVERFI’s educational content has reached more than 45 million learners worldwide. Recognized as one of the World’s Most Innovative Companies by Fast Company and featured on Fortune Magazine’s Impact 20 List, EVERFI was acquired by Blackbaud in December 2021. For more information, visit everfi.com or follow EVERFI on Facebook, Instagram, LinkedIn, or X @EVERFI.