National Cooperative Bank receives Financial Capability Innovation Award from EverFi at Nasdaq
Lead Summary
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National Cooperative Bank (NCB), a leading financial institution dedicated to providing banking solutions to cooperatives and socially responsible organizations nationwide, was honored with the Leadership Award at the third annual Financial Capability Innovation Awards presented by the nation’s leading technology innovator, EverFi, Inc. Presented at Nasdaq Marketsite in New York City, the award recognizes NCB’s significant efforts to improve the financial capability of Americans through unique digital learning initiatives.
“We are honored to receive this recognition from Everfi”, stated Charles E. Snyder, President and Chief Executive Officer of NCB.
“Since 2013, we have utilized the online financial education platform to empower students with the essential skills needed to make sound financial decisions which is so critical to successfully navigate the increasingly complex financial world we live in. We also have recently launched an adult financial education platform to promote financial wellness to our consumers and co-op organizations across the country.”
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 travel to the birthplace of the American financial system to 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.”
NCB has partnered with EverFi to bring Money Matters to local students at no cost to schools or taxpayers and has reached over 1,264 students since 2013. 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.
Every year, NCB awards a $1,000 scholarship to a graduating senior at each of the schools that participate in the program and awards a $2,000 Technology Grant to the school that has the highest percentage of students that complete the program.
This spring, NCB implemented Everfi’s online financial education platform for adult learners. Consumers can take advantage of this financial education at no cost. Modules are self-guided, personalized, flexible and are approximately 3-10 minutes long.
For more information, visit www.ncb.coop.
About National Cooperative Bank: ??National Cooperative Bank is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. NCB provides financial products and services for the nation’s cooperatives, their members, and socially responsible organizations. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop, National Cooperative Bank on Facebook and Instagram, or on Twitter @natlcoopbank.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of approximately $9.6 trillion and nearly 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
About EverFi:
EverFi, Inc. is the education technology innovator that empowers K-12, higher education, and adult learners with the skills needed to be successful in 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.
“We are honored to receive this recognition from Everfi”, stated Charles E. Snyder, President and Chief Executive Officer of NCB.
“Since 2013, we have utilized the online financial education platform to empower students with the essential skills needed to make sound financial decisions which is so critical to successfully navigate the increasingly complex financial world we live in. We also have recently launched an adult financial education platform to promote financial wellness to our consumers and co-op organizations across the country.”
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 travel to the birthplace of the American financial system to 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.”
NCB has partnered with EverFi to bring Money Matters to local students at no cost to schools or taxpayers and has reached over 1,264 students since 2013. 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.
Every year, NCB awards a $1,000 scholarship to a graduating senior at each of the schools that participate in the program and awards a $2,000 Technology Grant to the school that has the highest percentage of students that complete the program.
This spring, NCB implemented Everfi’s online financial education platform for adult learners. Consumers can take advantage of this financial education at no cost. Modules are self-guided, personalized, flexible and are approximately 3-10 minutes long.
For more information, visit www.ncb.coop.
About National Cooperative Bank: ??National Cooperative Bank is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. NCB provides financial products and services for the nation’s cooperatives, their members, and socially responsible organizations. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop, National Cooperative Bank on Facebook and Instagram, or on Twitter @natlcoopbank.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of approximately $9.6 trillion and nearly 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
About EverFi:
EverFi, Inc. is the education technology innovator that empowers K-12, higher education, and adult learners with the skills needed to be successful in 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.