Provident Bank was recently honored with the 2018 Financial Capability Innovation Award, presented by the nation’s leading technology innovator, EVERFI, Inc. The award recognizes Provident’s significant efforts to improve the financial capability of Americans through unique digital learning initiatives.
“We are pleased to be recognized by EVERFI and The Financial Capability Network. Providing consumers with innovative tools and resources to enhance their understanding of their financial options is consistent with our brand promise of commitment, and another way we give back to the communities we serve,” said Chris Martin, Chairman, President and CEO, Provident Bank.
Honorees were selected based on a set of criteria that included the scale and reach of their financial education initiatives, the duration of their commitment, and unique employee volunteering activities that supplement their programs.
“Each year, we honor institutions that are truly dedicated to going above and beyond in service to their communities,” said Ray Martinez, EVERFI President of Financial Education. “The Financial Capability Innovation Awards have given us the opportunity to share and celebrate the tremendous investment these institutions are making and continue to make in the communities where they live, work, and serve. For EVERFI, our time here reminds us just how critical the role innovation continues to play in empowering Americans to pursue economic opportunity and achieve financial security for themselves, their families, and their community.”
Provident is committed to providing students with the skills and knowledge needed to successfully navigate the increasingly complex financial world we live in. The bank has partnered with EVERFI to bring Provident’s Becoming Financially Fit (BFF) program to local students at no cost to schools or taxpayers and has reached more than 11,200 students since 2012. The web-based program uses the latest in simulation and gaming technologies to bring complex financial concepts to life for today’s digital generation.
Administered by teachers in a classroom setting, the web-based course offers over six hours of programming on a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401k’s and other critical concepts that map to national financial literacy standards. The platform uniquely tracks the progress and performance of every student.