Chelsea State Bank Promotes Financial Literacy Program

Chelsea State Bank is pleased to announce continued support of an interactive financial literacy program offered to Chelsea and Dexter high school students, at no cost to the schools. Through the EverFi™ Financial Literacy Program, students develop important financial skills that are needed throughout life.

“Today’s students enter the real world, generally through college earning a four-year baccalaureate degree, or through post high school training that brings them into the work force,” said Chelsea State Bank CEO John Mann. “No matter which doorway entered, understanding how to manage their own finances is key to their ultimate success in life.”

Mann stressed that financial responsibility has to begin early in life, even at a young age. “As the local community bank, it’s important for us to support our families and their students. The EverFi™ platform speaks to the spirit of community banking which is to serve our communities, including our schools.” Mann said reaching high school students is also critical since many will soon be making serious credit and loan decisions as they make their college and career choices.

Chelsea State Bank has invested in the EverFi™ Financial Literacy Program, which is a web-based program. It uses the latest in media technologies – video, animations, 3-D gaming, avatars, and social networking – to bring complex financial concepts to life for today’s digital generation.

The 10-unit course offers 6 hours of programming aimed at teaching, assessing and certifying students in a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401(k)s and other critical concepts that map to national financial literacy standards. The platform uniquely tracks the progress and score of every student and provides students who successfully complete the course with a Certification in Financial Literacy, a valuable mark of distinction on college applications and work-force resumes.

When Chelsea State Bank spearheaded the new financial literacy education program four years ago, Chelsea and Dexter High School students became the benefactors of The EverFi™ Financial Literacy Platform.

“Financial literacy is a skill that all young people need to succeed,” Mann added. “Over time our course has become increasing popular for graduating seniors in specific economics or financial management classes. I wish all students took the course.”

About EverFi

EverFi is the leading education technology platform company to teach, assess, and certify students in critical skills including Financial Literacy, Student Loan Management, and Digital Literacy. The company is already powering a national movement in 50 states that enables students to learn using the latest technology, including rich media, gaming, high-definition video, and simulations.  EverFi teams with major corporations and foundations to provide the programs at no cost to schools. To date, more than 3 million students have completed EverFi learning platforms.  Learn more at www.everfi.com.

 

About Chelsea State Bank

Chelsea State Bank is a full service financial institution with offices in Chelsea and Dexter. The Bank was formed over 100 years ago by local business leaders to provide timely financial solutions to individuals, families, farmers and businesses in the community. This tradition of community service continues today.  For more information, please call 734.475.1355 or visit www.chelseastate.bank.

Member FDIC.

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