American State Bank has announced it’s partnership with EverFi to lead the way in an effort to bring a web-based financial literacy tool to area high school students. American State Bank has signed a 3-year renewable contract with Everfi to bring the financial software to local high schools including, Clarke, Murray, Lamoni, Central Decatur, Interstate-35, and Winterset.
“This is an enormous gift to teachers and schools. These financial concepts are so important to teach, but often schools have a hard time integrating them into the core curriculum. EverFi, because it is self-paced and web-based, gives them the ability to track the progress of every student while maintaining flexibility for teachers,” said EverFi President and CEO Tom Davidson.
The online program is made up of 10 modules that cover 600 financial topics, such as saving, banking, investing, the stock market, credit scores, consumer fraud, and more. The modules provide approximately six hours of self-paced instruction for students that can be used to supplement classroom instruction.
American State Bank (ASB) will sponsor implementation to the 5 areas schools beginning 2nd semester of this school year. “This is a great opportunity for ASB to partner with our local schools – they pay nothing for this web-based curriculum, “ said ASB President and CEO, Kevin Klemesrud. “This private/public partnership is a great model for others to follow in these times of tight budgets. This program allows us to focus on one of our core community responsibilities and that is educating young people on financial literacy. EverFi also allows us to get this information to these students in a proven, fun, and immediate way. ” Klemesrud said the local schools have been pleased with the program and “have found it to be a perfect solution that can be implemented quickly. ”
Klemesrud said two of the program’s features really appealed to the bank. “First, the material is provided to the students in a web based ‘real-life’ format that students enjoy and are familiar with. In addition, the program allows the instructors to monitor the progress of each student in each subject so the effectiveness of the instruction can be determined, “ Klemesrud said.
EverFi is also a way for these schools to meet the financial literacy component of the state’s 21st Century Skills, which will be mandatory effective July 1, 2012. The EverFi financial literacy platform meets or exceeds these State of Iowa guidelines.