First Kentucky partners with education technology company, EVERFI Inc, to provide online, interactive financial education courses to students across their footprint through the First Kentucky Financial Scholars Program.
Since 2011, First Kentucky has invested $132,000 dollars into the program, and they have reached 16 schools within their six Kentucky counties. During that time, a combined 18,918 hours of learning were completed by 4,862 students.
During the recent 2018-2019 school year, First Kentucky invested $16,500 dollars into the program to serve 13 of the schools within their footprint. Within those 13 schools, 614 students were reached, and they completed a combined 2,114 hours of learning.
First Kentucky strives to improve the financial well-being of the communities they serve, and their Financial Scholars Program is a key piece of that commitment. “At First Kentucky, we are passionate about the schools in our communities and the students in them. We know financial education is important, so we are committed to investing our time and resources to help students become financially literate. We believe, by starting financial education early, we are introducing them to a life skill that will truly make an impact on their future success and transition into adulthood,” explained Amanda Rorer, Marketing and CRA Officer.
The First Kentucky Financial Scholars Program offers web-based, interactive courses that are designed to empower young people with the essential skills needed to make sound financial decisions. This classroom-based resource allows students to move through critical topics at their own pace. The program also includes pre and post assessments and educator resources that allow teachers to track student progress and quantifiable measures of students’ knowledge gain. The technology, provided by EVERFI, is a CFPB recommended resource and is accessible to the schools and students at no cost, thanks to First Kentucky’s investment.
The First Kentucky Financial Scholars Program offers web-based, interactive courses that are designed to empower young people with the essential skills needed to make sound financial decisions. This classroom-based resource allows students to move through critical topics at their own pace. The program also includes pre and post assessments and educator resources that allow teachers to track student progress and quantifiable measures of students’ knowledge gain. The technology, provided by EVERFI, is a CFPB recommended resource and is accessible to the schools and students at no cost, thanks to First Kentucky’s investment.
The First Kentucky Financial Scholars Program is comprised of the EverFi Vault, “Understanding Money” Modules (for elementary schools) and the EverFi “Financial Literacy” Modules (for high schools). The modules of each are performance-based games that immerse students in real-life financial scenarios. The elementary modules focus on skill building and responsible decision making; covering everything from goal setting to making a budget. The high school modules provide bite-sized instructional animations that make learning approachable and relatable. Complicated processes – like buying a car or filling out the FAFSA form – are broken down for the student in an easy-to-understand way. Additional topics include understanding a pay stub, savings and investing, and banking basics.
According to EverFi’s Understanding Family Financial Capability Survey, conducted by Meg Moyer, EverFi Director of Research, “Only 43% of parents describe themselves as “well prepared” to discuss money with their children.” Amanda Rorer, Marketing and CRA Officer, stated, “This statistic is proof-positive of how important partnerships between the schools, financial institutions, and companies like EverFi are for our communities, and why First Kentucky is committed to investing in programs that empower our students to make informed financial decisions.”
In addition to First Kentucky’s financial investment in the schools, employees also invest their time by going into the classrooms to further explain important financial topics to the students such as Credit and Budgeting. At the end of each school year, employees present the high school students with certificates of completion; becoming financially certified is an accomplishment that can be touted on a student’s resume` or application for colleges and businesses. First Kentucky believes in the importance of financial education at any age, which is why they have recently begun investing an additional $11,000 annually into the First Kentucky Financial Learning Center, which is an online platform by EverFi that offers adult financial education courses at no charge for users and can be accessed by visiting, prosper.firstkentucky.com.
First Kentucky Bank is a Kentucky-based community bank established in 1899 with assets exceeding 444 million. First Kentucky provides a personal approach to finances for those in six counties, including Carlisle, Graves, Livingston, Marshall, Muhlenberg, and Ohio. They are committed to bringing customers simple ways to connect, grow and protect their financial health in both personal and business endeavors.
First Kentucky Bank is a Kentucky-based community bank established in 1899 with assets exceeding 444 million. First Kentucky provides a personal approach to finances for those in six counties, including Carlisle, Graves, Livingston, Marshall, Muhlenberg, and Ohio. They are committed to bringing customers simple ways to connect, grow and protect their financial health in both personal and business endeavors.
EVERFI is the leading education technology company that provides learners of all ages education for the real world through innovative and scalable digital learning. EVERFI powers community focused financial education for 750 financial institutions across the country.
Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) subscription model and has certified over 18 million learners in critical skill areas. 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, TPG Growth, The Rise Fund, Advance Publications, and Rethink Education, and Rethink Impact.
The EVERFI Education Network powers more than 4,300 partners in their education initiatives across all 50 states and Canada. Learn more at everfi.com.
