Spencer Savings Bank Proudly Sponsors Financial Literacy Program in Elmwood Park Memorial High School

Spencer Savings Bank, a community bank headquartered in Elmwood Park, N.J., announces its sponsorship of EverFi Inc.’s Financial Scholars program, a leading web-based, financial literacy program, in Elmwood Park Memorial High School, to help foster local students’ educational growth.

The program consists of ten web-based modules that make use of the latest in new media technologies, including video, animations, 3-D gaming, avatars, and social networking, to bring complex financial concepts to life for today’s digital generation. Topics covered in the comprehensive program include credit scores, insurance, credit cards, taxes, investing, savings, 401Ks, and mortgages. The purpose of the program is to give students the ability to apply their learning of important and relevant topics in safe, virtual environments, to weigh the consequences of their choices and practice good decision-making before facing these issues in their daily lives.

Spencer Savings Bank sponsored this financial literacy program for the Elmwood Park Memorial High School, which is integrated into the school’s curriculum twice within the school year, to different groups of students.   With the recent conclusion of the first semester, the initial group of 60 students completed the program, participating in an award ceremony Spencer Savings Bank held on Wednesday, January 30, 2013, to honor their achievement. The ceremony included brief testimonials from students about their individual experiences, a speech from David Warner, Principal of Elmwood Park Memorial High School, a student demonstration of the program in the computer lab and the presentation of certificates to each student that completed the program to recognize their achievement. A number of Spencer Savings Bank’s employees attended the ceremony, including John Fitzpatrick, SVP of Retail Banking; William Callahan, VP of Retail Banking; Janel Bazih, AVP and Marketing Manager; Elizabeth Miazga, Elmwood Park Branch Manager; and Anita Guerrero, Marketing Assistant at Spencer Savings Bank.

“We are proud to support such an important program geared to help further the financial education of the future leaders of our communities,” said Elizabeth Miazga, Branch Manager for Spencer Savings Bank’s Elmwood Park Branch. “As a bank, we place high importance on educating future consumers on fundamental financial concepts, especially high school students who will soon enter higher education programs and colleges, or prepare to pursue their chosen career paths. Not only do these real-life courses help students make educated and smart decisions for a successful future, but they contribute to the health and future wellbeing of our communities.”

In continued support of EverFi’s Financial Literacy program, Spencer Savings Bank will be sponsoring the program at four additional schools throughout Northern New Jersey, and will be hosting award ceremonies for the students of each school who successfully complete the program.

For more information on the program and the bank’s other community service activities, or to learn more about Spencer Savings Bank, please visit www.spencersavings.com.

About Spencer Savings Bank

Spencer Savings Bank, headquartered in Elmwood Park, New Jersey, is a community bank that has been serving its local communities with integrity and pride for over 70 years.  The Bank, serving consumers and businesses, operates 19 branches throughout Northern New Jersey.  Spencer Savings Bank has over $1.8 billion in total assets.

About EverFi, Inc.

EverFi, Inc. is the leading education technology company to teach, assess, and certify students in critical skills.  EverFi’s education learning platforms include Financial Literacy, Student Loan Management, Digital Literacy, Cyberbullying, and Alcohol Abuse Awareness.  The company uses the latest technology, including rich media, high-definition video, simulation, diagrams, and avatars. EverFi teams with major corporations and foundations to provide the programs at no cost to K-12 schools.