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 Lyndon Institute First to Launch CNB’s Financial Education OfferingCommunity National Bank (CNB) is celebrating a first with EverFi, a leading technology education company, and Lyndon Institute. CNB is the first company in Vermont to invest in EverFi’s financial educational program Financial Literacy™, and Lyndon Institute (LI) is the first high school to launch this exciting program with the bank. Through an agreement with EverFi, the bank will offer this program to a number of high schools throughout its market areas. Lyndon Institute was already proactively looking for a way to bring financial education to its students, so when Lyndon Institute Trustee and Community National Bank Advisory Board member David Stahler reached out to CNB for assistance, the timing couldn’t have been better. Stahler commented, “Instilling a high level of financial literacy in our LI students is, in my humble opinion, one of the more important things that we can provide for them before they head out into the world.”            
 
CNB’s CEO Kathy Austin shares, “We’ve long understood how critically important it is to advocate for sound financial education, including the importance of saving and the responsibilities of credit. We are pleased to bring this opportunity to our local high schools.” Bank employees have worked with organizations and schools to deliver presentations on a case-by-case basis to particular groups. While these presentations are great places to start, they don’t provide consistent, in-depth instruction for students as they prepare to further their educations, enter the workforce and establish households. Although school administrators recognize the need for widespread financial learning, an already jam-packed curriculum, along with challenging scheduling creates the biggest hurdles for implementing a new program. EverFi’s self-paced, online learning solution allows students to work through the modules when their schedules allow. With EverFi’s program, teachers are able to track and measure each student’s participation, progress and success.       
 
EverFi’s Financial Literacy™ program contains nine modules covering Savings, Banking, Credit Cards and Interest Rates, Credit Scores, Financing Higher Education, Renting versus Owning, Taxes and Insurance, Consumer Protection and Investing.
 
CNB sends out a big “thank-you” to Lyndon Institute for helping the bank kick-off this program. Since the kick-off, the bank has welcomed Lake Region Union High School and Enosburg Falls High School to the program as well. CNB is reaching out to other area schools to gage their interest in taking advantage of this educational opportunity. Schools that partner with CNB are offered the program at no cost. The subsequent costs incurred by the schools directly correlate with how they choose to implement and run the program in terms of use of instructors’ time and Internet resources.
 
For more information about EverFi’s High School Financial Literacy™ program, please contact Anne Quirion by calling 802-487-3513 or send email to aquirion@communitynationalbank.com.       
 

 

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