Centric Federal Credit Union Launches Personalized Financial Education Tool for students at Louisiana Delta Community College
Centric Federal Credit Union Launches Personalized Financial Education Tool for students at Louisiana Delta Community College.
Centric Federal Credit Union today announced the introduction of a new mobile-first, financial education resource to help Louisiana Delta students build financial health and confidence for themselves and their families. Live Better is made available, free of charge, through Centric Federal Credit Union’s relationship with the leader in financial wellness technology solutions, EVERFI, Inc.
Live Better offers a robust library of learning topics around important personal financial education concepts including budgeting, investing, homeownership, retirement planning, and more. The interactive financial education platform is designed to provide students with the tools and personalized knowledge necessary to make informed just-in-time financial decisions.
“Centric believes the power of teaching students today is an investment in tomorrow’s leaders,” said Rodney Parker, Executive Vice President/CFO at Centric Federal Credit Union. “Partnering with Louisiana Delta Community College was an ideal way to achieve this in a time of extreme uncertainty. Centric is grateful for the college’s partnership in launching the Live Better program and EVERFI’s support in providing students financial education to make a difference for many in our community.”
A recent EVERFI study found that 78 percent of adults wish they had more information readily available when making financial decisions1. From opening a credit card to taking out a student loan, buying a home or saving for retirement, most adults feel unprepared to make large financial decisions without additional information. Through Live Better, users are guided through interactive exercises that allow them to practice making financial decisions most relevant to them in a fail-safe environment. Each topic area offers a 3-6 minute module designed to enable users to apply what they have learned to their personal financial goals. The mobile-first design is available on all internet-enabled devices so that learners can access it anytime, anywhere.
“Understanding your finances and making sound financial decisions is key to a strong future, but many people don’t know where to turn to get the information they need in a way that is easily digestible and understandable,” said EVERFI Co-Founder and President of Financial Education, Ray Martinez. “This program is a testimony to EVERFI’s commitment to providing financial education to learners of all ages and we commend Centric Federal Credit Union for making this commitment to educate local students, allowing them to take control of their financial health.”
About Centric Federal Credit Union
Established in 1937 in West Monroe, LA, Centric Federal Credit Union has grown to be a large locally owned financial cooperative in North Louisiana serving over 25,000 members with over $200 million in assets. Our mission is to help our members live better. Over the years, the credit union has expanded into opening 6 centers throughout Ouachita and Lincoln parishes. Centric has continued to strive to give its members the best service possible which is why Live Better, a financial wellness community outreach program, was launched in 2016. Live Better has been successful in educating members and employees of local businesses on important financial issues helping the community to borrow, save and earn better. Centric is honored to partner with Louisiana Delta Community College, serving as a financial cooperative for students and employees.
About EVERFI, Inc.
EVERFI is an international technology company driving social change through education to address the most challenging issues affecting society ranging from financial wellness to prescription drug safety to workplace conduct and other critical topics. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) community engagement platform and has reached more than 30 million learners globally. EVERFI powers community engagement in a sustained manner to empower individuals and organizations to make an impact within their communities.
The Company also convenes Networks to bring together financial institutions, colleges and universities, and some of the largest corporations to leverage insights and connections to drive impact. Some of America’s leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, Advance Publications, Rethink Education, and Rethink Impact. To learn more about EVERFI visit everfi.com or follow us on Facebook, Instagram, LinkedIn, or Twitter @EVERFI.
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