PenFed continues to invest in the future of
Puerto Rico by providing financial
education to over 4,000 public and private school
students
TYSONS, Va., March 27,
2024 /PRNewswire/ -- PenFed Credit Union and
EVERFI from Blackbaud hosted an interactive learning event focused
on improving financial literacy for over 110 students in grades
9-12 at Escuela Superior Rafael Cordero Molina in San Juan, Puerto Rico on March 20. The students recently completed the "Tu
Dinero, Tu Sueño" ("Your Money, Your Dreams") program, a scalable
digital financial education curriculum provided by PenFed through a
strategic partnership with EVERFI, the leader in powering social
impact through education.
"PenFed believes the best way to serve Puerto Rico is to continue to empower the next
generation to achieve their financial dreams," said PenFed
Executive Vice President of Member Operations and Global Fixed
Assets Jamie Gayton. "We remain committed to investing in the
development of Puerto Rico's young
future leaders and are grateful for the support of EVERFI and
Escuela Superior Rafael Cordero Molina as we promote financial
literacy and encourage students to create a brighter future for
themselves and their communities."
PenFed and EVERFI have had a strategic partnership for the past
five years to bring critical financial education to over 4,000
public and private K-12 school students in 39 schools across
Puerto Rico at no cost to the
schools. PenFed provides students with access to EVERFI's proven
curriculum teaching them how to make smart financial decisions and
achieve success in life. The program teaches students about savings
and checking, building and maintaining healthy credit, planning for
major purchases, investing and retirement, and funding higher
education.
PenFed leaders, including PenFed financial center managers,
wealth managers, and mortgage managers participated in a "speed
networking" activity with students who recently completed the
EVERFI financial education program. During the activity, students
had the opportunity to ask PenFed leaders and community volunteers
questions as part of small group conversations tying back to the
critical skills taught in the curriculum.
This year's financial literacy event is the fourth PenFed and
EVERFI have held in Puerto Rico.
In previous years, PenFed held events at both private and public
schools in San Juan.
Following these activities, PenFed announced two students were
awarded a scholarship in the amount of $1,250 in recognition of their work throughout
the Tu Dinero, Tu Sueño program.
"PenFed has made a long-term investment in improving the
financial literacy of students in Puerto
Rico and we appreciate and applaud their dedication to this
critical topic," said EVERFI from Blackbaud Co-Founder and
President, Ray Martinez. "The
students in San Juan who took part
in this program are incredibly talented and the stories they shared
of the impact they hope to make on society were nothing less than
inspirational. We are proud to be able to work alongside PenFed to
bring this education to such deserving students and to play a part
in helping them achieve their dreams."
PenFed currently serves members in Puerto Rico with financial centers in
San Juan, Hatillo, Ponce, Mayaguez
and on the United States Army Garrison Fort Buchanan. PenFed opened
a Bilingual Service Center in Guaynabo in 2022.
About PenFed Credit Union
Established in 1935,
Pentagon Federal Credit Union (PenFed) is America's second-largest
federal credit union, serving 2.9 million members worldwide
with nearly $35 billion in assets. PenFed
Credit Union offers market-leading certificates, checking, credit
cards, personal loans, mortgages, auto loans, student loans, and a
wide range of other financial services with members' interests
always in mind. PenFed Credit Union is federally insured by the
NCUA and is an Equal Housing Lender. To learn more about
PenFed Credit Union, visit PenFed.org,
like us on Facebook and follow us
@PenFed on X. Interested in working for
PenFed? Check us out on LinkedIn. We are
proud to be an Equal Employment Opportunity Employer.
About EVERFI from Blackbaud
EVERFI® from Blackbaud® (NASDAQ: BLKB) is an international
technology company driving social impact through education to
address the most challenging issues affecting society ranging from
financial wellness to mental health to workplace conduct and other
critical topics. Founded in 2008, EVERFI's
Impact-as-a-Service™ solution and digital
educational content have reached more than 45 million learners
globally. In 2020, the company was recognized as one of the World's
Most Innovative Companies by Fast Company and was featured
on Fortune Magazine's Impact 20 List. The company was also
named to the 2021 GSV EdTech 150, a list of the most transformative
growth companies in digital learning. Blackbaud acquired
EVERFI in December 2021. To learn
more about EVERFI, please visit everfi.com or follow us on
Facebook, Instagram, LinkedIn, or X/Twitter @EVERFI.
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SOURCE PenFed Credit Union