How Washington Federal Improved Financial Capability at a Local Level with EVERFI TechnologySupport Communities Through Financial Education
Washington Federal Engaged 8,300 Local Students in Financial Education Using EVERFI’s Technology
Financial literacy has emerged as a need across all demographics: from senior citizens who need help avoiding fraud, and young professionals navigating the purchase of their first home, to students building their first budget. Washington Federal’s outreach program is well suited to handle individual community needs while upholding the Community Reinvestment Act (CRA ) which encourages banks to help meet the credit needs of their communities.
Staying compliant means being ready with reports and documentation. Wolf, who also serves as the bank’s CRA officer, praises the way EVERFI helps in this regard. “We have to meet certain requirements,” she says, “and we’re always well-documented for the regulators. It’s a win-win. We get to help the community and participate in the CRA, and EVERFI makes it easy.”
She also appreciates EVERFI’s ability to help secure schools for participation. “It’s so much easier,” she notes,“to have a partner handling the logistics.”