SARATOGA SPRINGS — The Adirondack Trust Company was honored 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 the Adirondack Trust Company’s significant efforts to improve the financial capability of local teenagers through unique online learning initiatives.
The Adirondack Trust Co. is committed to providing students with the skills and knowledge needed to successfully navigate the increasingly complex financial world we live in.
The bank has partnered with EverFi to bring the EverFi and Vault Financial Literacy Courses to local students at no cost to schools or taxpayers and has reached over 2,000 students since the 2014-2015 school year. The web-based program uses the latest in simulation and gaming technologies to bring complex financial concepts to life for the digital generation.
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.
Administered by teachers in a classroom setting, the 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 web-based platform uniquely tracks the progress and performance of every student.
Since partnering with EverFi, The Adirondack Trust Co. has been involved with visiting classes who are actively using the program to discuss financial fundamentals and how they will apply to the stu- dents now and in the future. As students complete the courses, the Adirondack Trust Company also provides certificates of completion during a brief ceremony.
