TIAA Bank Teams up With EVERFI to Present First-of-its-Kind National Financial Bee
April 17 2020 - 9:30AM
Business Wire
As part of its commitment to serve the community, TIAA Bank has
teamed up with EVERFI, an international education and technology
company, to sponsor the EVERFI National Financial Bee. The
first-of-its-kind nationwide financial literacy challenge is
designed for students in grades 7-10 and will take place digitally,
Monday, April 20, through Friday, April 24.
As families across the country struggle to balance work,
childcare, and homeschooling amidst widespread school closures
driven by the COVID-19 pandemic, the National Financial Bee
provides an opportunity for students to have fun and learn critical
financial concepts at home.
The five-day challenge, created by EVERFI, and supported by
leading financial institutions nationwide, features a short daily
digital lesson and capstone essay contest in which students will
share a financial dream of theirs and how they plan to achieve it.
Students compete to win a $10,000, $6,000 and $4,000 college
scholarship.
“In this uncertain time, TIAA Bank is especially committed to
engaging its communities, increasing financial literacy and driving
impactful change,” said Joseph Hernandez, TIAA Bank SVP and CRA
Officer. “We are proud to support parents and students at this time
through the National Financial Bee and hope it helps drive
dinner-table conversations about important financial topics, not
just during Financial Literacy Month, but throughout the year.”
During each day of the challenge, participating students will
gain new skills to create a personalized financial decision-making
framework that they can apply to their lives now and in the future.
Topics include spending and saving, credit and debt, employment and
income, investing, and insurance.
“Across the country, families are facing unprecedented
uncertainties and challenges. Parents are dealing with the loss of
income or are adjusting to working from home, while students are
trying to continue their studies outside of the classroom,” said
Ray Martinez, founder, and president, EVERFI. “We’ve always been
committed to helping students increase their financial literacy,
and during this historic time we are also working to help parents
feel secure -- and help students stay engaged. The National
Financial Bee is a fun way for students to compete with their peers
while social distancing.”
In addition to supporting the National Financial Bee, TIAA Bank
works with EVERFI to provide the “TIAA Bank Money Matters”
financial literacy program to schools throughout the United States
and Puerto Rico.
To learn more about the National Financial Bee, visit
https://tiaa.everfi-next.net/welcome/national-financial-bee.
Complete terms and conditions may be found at
https://everfi.com/contest-details/.
About TIAA Bank
As a part of TIAA’s Retail & Institutional Financial
Services business, TIAA Bank, a division of TIAA, FSB, provides
full-service, nationwide banking and lending services to consumer,
commercial and institutional clients through a variety of channels,
including online, its Florida-based financial centers and at other
business offices throughout the country. More information on TIAA
Bank can be found at TIAABank.com.
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 41 million
learners globally. Recognized as one of the World's Most Innovative
Companies by Fast Company in 2020, 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, as well as
Advance, Rethink Education and Rethink Impact. To learn more about
EVERFI visit everfi.com or follow us on Facebook,Instagram,
LinkedIn, or Twitter @EVERFI.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200417005327/en/
Media contact for TIAA Bank: Jessica Scott
Jessica.Scott@TIAABank.com 904-623-5775
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