PenFed continues to invest in the future of Puerto Rico by providing financial education to over 4,000 public and private school students
PenFed Credit Union and EVERFI hosted an interactive learning event focused on improving financial literacy for over 80 students in grades 9-12 at Carmen Belén Veiga High School in Juana Diaz, Puerto Rico on April 9. 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, the leader in powering digital financial education for K-12 schools across the United States and Puerto Rico.
“PenFed believes the best way to serve Puerto Rico is to continue to empower the next generation to achieve their financial dreams,” said PenFed Credit Union President & CEO James Schenck. “We remain committed to investing in the development of Puerto Rico’s young future leaders and are grateful for the support of EVERFI and Carmen Belén Veiga High School as we promote financial literacy and encourage students to create a brighter future for themselves and their communities.”
PenFed and EVERFI have had a strategic partnership for the past seven years to bring critical financial education to over 4,000 public and private K-12 school students in 27 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.
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 fifth PenFed and EVERFI have held in Puerto Rico. In previous years, PenFed held events at both private and public schools in San Juan.
Following these 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.
“PenFed’s unwavering commitment to enhancing financial literacy in Puerto Rico is truly commendable. Every student deserves access to quality financial education and the opportunity to build a secure financial future,” said Ray Martinez, CEO, EVERFI. “By providing these essential tools, we are empowering students to take control of their financial destinies and create a brighter, more prosperous future. We are honored to collaborate with PenFed in this transformative initiative, ensuring that every student has the chance to achieve their financial dreams.”
PenFed currently serves members in Puerto Rico with financial centers in San Juan, Hatillo, Ponce, Mayaguez and on the United States Army Garrison Fort Buchanan. PenFed opened a Bilingual Service Center in Guaynabo in 2022 and plans to open a new financial center in Humacao this summer.
