NEW YORK, NY--(Marketwired - May 25, 2016) - Suffolk Federal recently honored North Babylon High School students who completed the Suffolk Federal Scholars Program, a web-based education program which supports financial education at schools throughout Suffolk County. Suffolk Federal partners with EverFi, Inc. to bring this interactive financial management program to participating local high school students at no cost to the schools or taxpayers.
The students received certificates during an exciting ceremony at the high school. "These students are our future generation. The more we can do to help them grow and prosper, the more our country will benefit," explained William J. O'Brien, Suffolk Federal's President and CEO. "Suffolk Federal is proud to partner with EverFi to bring financial education to local students, to prepare each one of them for a sound financial future and to shine a light on the importance of financial literacy."
The 10-unit course includes over six hours of programming covering a variety of financial topics such as savings, investments, credit cards, and student loans and other critical financial literacy concepts. Through the platform, students became certified in several topics related to personal finance, allowing them to become more informed and responsible citizens. The program uses the latest in new media technology-simulations, avatars and gaming -- to bring complex financial concepts to life for today's digital generation. In 2015, the Consumer Financial Protection Bureau (CFPB) highlighted EverFi's schools-based financial education programs in a report on Advancing K-12 Financial Education: A Guide for Policymakers.
According to Samin Alam, a junior at the high school, "The Suffolk Federal Scholars Program allows students to focus on the financial aspects of not only getting through college, but the distant future. This program has comprehensively prepared me for what the future has to offer and also educated me on several topics in which I had little to no knowledge beforehand," he added.
"Our goal as educators is to prepare our students for a successful future, a job which often extends beyond a typical classroom," said Maria DelVecchio, Business Teacher at North Babylon High School. "Partnerships across school districts and private sector institutions allow educators to provide important educational supplements, such as the Suffolk Federal Scholars Program, and enable us to provide our children the best possible opportunity to reach their full potential."
"By partnering with wonderful teachers whose passion is to enrich the lives of their students, the Suffolk Federal Scholars Program helps students gain the critical skills necessary to make them successful for the rest of their lives," said EverFi Founder and CEO Tom Davidson. "We are striving to create a world with fewer bankruptcies, fewer people defaulting on their student loans, and more people who feel in control of their financial future. Through Suffolk Federal's investment in these students, we are one step closer."
About Suffolk Federal
Suffolk Federal is a not-for-profit financial cooperative chartered in 1967by the National Credit Union Administration (NCUA). It is member-owned and governed by a volunteer board of directors. The credit union has assets in excess of $1 billion, nine retail branches, and over 54,000 members. Suffolk Federal is a full service financial institution with low-cost products and services, and a history of providing Better Banking for Long Island. It is open to anyone who lives, works or worships in Suffolk County.
About EverFi
EverFi, Inc. is the leading education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical skills they need for life. The company teams with major corporations and foundations to provide the programs at no cost to K-12 schools. Some of America's leading CEOs and venture capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, and Google Chairman Eric Schmidt. Learn more at everfi.com.
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