Kearny Bank participating in EVERFI Financial Literacy Bee to support youth financial educationMarch 30, 2021
Kearny Bank is sponsoring the EVERFI Financial Literacy Bee, which will take place from April 1 through 15. This virtual event is a nationwide, financial literacy challenge for high school students.
As families across the country are struggling financially in the wake of the pandemic, from unemployment to career shifts to a reduction in income, the EVERFI Financial Literacy Bee provides an opportunity for students to learn the critical importance of saving and budgeting for short-term and long-term financial goals.
Created by social impact education innovator EVERFI, and supported by leading financial institutions nationwide, this virtual challenge features four short, digital lessons followed by a capstone essay contest in which students share a short-term or long-term savings goal and outline their plan to achieve that goal. Winners of the EVERFI Financial Literacy Bee will receive a total of $20,000 in college scholarships.
“During these times of financial uncertainty, Kearny Bank is strongly committed to engaging its communities, increasing financial literacy, and driving impactful change,” said Eric Kesselman, Kearny Bank 1st Vice President and Director of Marketing. “We’re proud to support parents and students at this time through the Financial Literacy Bee and hope it will help drive dinner-table conversations about important financial topics.”
By competing in the challenge, participating students will gain new skills to create a personalized financial decision-making framework that they can apply to their lives now and in the future. Topics include how to save, set financial goals, budget, and invest.
“The pandemic has shone a bright light on the financial vulnerability of most Americans, with 40 percent of American consumers reporting that they had trouble paying at least one bill or expense in 2020,” said Ray Martinez, co-founder and president, EVERFI. “We’ve always been committed to helping students increase their financial literacy, and during this historic time, we are also working to help parents feel more comfortable having dinner-table conversations about money. The Financial Literacy Bee is a fun way for students to learn important strategies to increase savings.”
In addition to supporting the EVERFI Financial Literacy Bee, Kearny Bank has worked with EVERFI since 2014 on an in-school financial literacy program in which 12 New Jersey high schools were participating immediately prior to the pandemic. In addition, Kearny Bank recently began providing the EVERFI Family Portal, a resource for at-home digital lessons that enables parents and others to assist young people during online instruction. EVERFI Family Portal is available at no cost to any family that requests access.
Additional information about the EVERFI Financial Literacy Bee is available online, at:
https://kearnybank.everfi-next.net/welcome/financial-bee. Beginning April 1, this link will also provide direct access to participation in the Financial Literacy Bee.
About Kearny Bank
Seamlessly melding the finest traditions of community banking with state-of-the-industry capabilities, Kearny Bank provides a range of progressive offerings to its personal and business banking clients. Established in 1884, and operating now from administrative headquarters in Fairfield, NJ, Kearny Bank is steadily expanding its footprint throughout New Jersey, as well as New York City’s Brooklyn and Staten Island boroughs. Additional details are available online at kearnybank.com; an overview video can be viewed at bit.ly/2IUWeWJ.
About EVERFI, Inc.
EVERFI is an international technology company driving social change through education to address the most challenging issues affecting society ranging from financial wellness to prescription drug safety to workplace conduct and other critical topics. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) community engagement platform and has reached more than 41 million learners globally. In 2020, the company was recognized as one of the World’s Most Innovative Companies by Fast Company and was featured on Fortune Magazine’s Impact 20 list. Some of America’s leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, as well as Advance, Rethink Education, Rethink Impact, The Rise Fund, and TPG Growth. To learn more about EVERFI and how you can #answerthecall please visit everfi.com or follow us on Facebook, Instagram, LinkedIn, or Twitter @EVERFI.