TWO RIVERS BANK & TRUST REACHES 1,746 STUDENTS THROUGH ONLINE FINANCIAL EDUCATON PROGRAM

Written by Theresa Rose on September 10, 2015

September 10, 2015, Burlington, Iowa – Through an ongoing partnership with Two Rivers Bank & Trust, 9 Iowa high schools adopted the Iowa Financial Literacy Program, an online financial literacy program, during the 2014-2015 academic year. Two Rivers Bank & Trust has partnered with leading education technology company EverFi, Inc., to bring this interactive, web-based financial management program, Dollars and $ense 101, to thousands of students since the program’s inception in 2011. In 2015 the program has already reached more than 1,746 students in the classrooms of Ankeny Centennial, Iowa City, Johnston, Mt. Pleasant, Urbandale and West Burlington High Schools and Burlington Notre Dame 8th Grade.

“Two Rivers Bank & Trust is very proud to have reached so many students with critical financial education. It’s a testament to our deep commitment to the communities we serve,” Dave George, Market President – Mt. Pleasant, said. “It is critical that students understand important aspects of personal finance like what a credit score means and how to save for college, and this program is empowering them with the skills that will put them on a path to financial success.”

The 1,746 students reached through the Iowa Financial Literacy Program completed 13,950 individual modules of learning during the 2014-15 school year. Students’ knowledge of key financial topics rose by an average 63 percent based on pre- and post-assessment scores. One learning module rose 213% from pre-assessment scores. Among the valuable topics covered were saving, banking, investing, renting versus owning, credit scores, taxes and insurance, and consumer fraud. 74% more students felt prepared to handle the important financial matters that lie ahead.

“The program is engaging, interactive, practical, and ‘real world’,” said a high school teacher using the program. “I can’t tell you how many times my students have shared that they really appreciate learning about topics that they will use in their day-to-day lives.” After completing the learning modules, one student wrote, “I liked everything because I didn’t know anything about banking or buying a house or car. I didn’t know I could cause problems at such a young age. Now I do so thank you.”

Two Rivers Bank & Trust has partnered with EverFi, Inc. to bring the program to local students at no cost to the schools or the taxpayer. The eight-hour web-based program uses the latest in new media technology to bring complex financial concepts to life for today’s digital generation. 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. In 2015, the Consumer Financial Protection Bureau (CFPB) highlighted EverFi’s schools-based financial education programs in a new report on Advancing K-12 Financial Education: A Guide for Policymakers.

“EverFi strives to help today’s generation prepare for a lifetime of challenging financial decisions”, said EverFi CEO and Founder, Tom Davidson. “We are grateful for our partnership with Two Rivers Bank & Trust which provides students with the critical skills they need to be savvy, responsible consumers.”