SAN JUAN, P.R.–PenFed Credit Union and EVERFI hosted an interactive learning event focused on improving financial literacy for approximately 110 students in grades 9-12 at Escuela Superior Rafael Cordero Molina in San Juan, Puerto Rico.
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.
"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 said it 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, the credit union said.
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 the 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.