March 2, 2021
Introducing a new financial education resource to help customers build financial health and confidence for themselves and their families.
The program, called “FiQ” is designed to boost learners’ financial I.Q. It is made available, free of charge, through F&M Trust’s relationship with the leader in financial wellness technology solutions, EVERFI, Inc.
FiQ offers a robust library of learning topics around important personal financial education concepts including budgeting, investing, homeownership, retirement planning and more. The interactive financial education platform is designed to provide consumers with the tools and personalized knowledge necessary to make informed just-in-time financial decisions.
“Financial education is more important than ever as the Covid-19 pandemic puts pressure on American’s personal finances. As a community bank, we view it as our responsibility to assist our customers in every way we can, and we believe FiQ will empower them to manage their finances effectively,” said Tim Henry, President and CEO of F&M Trust.
A recent EVERFI study found that 78 percent of adults wish they had more information readily available when making financial decisions. From opening a credit card to taking out a student loan, buying a home or saving for retirement, most adults feel unprepared to make large financial decisions without additional information. Through FiQ, users are guided through interactive exercises that allow them to practice making financial decisions most relevant to them in a fail-safe environment.
Each topic area offers a three to six-minute module designed to enable users to apply what they have learned to their personal financial goals. The design is available on all internet-enabled devices so that learners can access it anytime, anywhere.
“Understanding your finances and making sound financial decisions is key to a strong future, but many people don’t know where to turn to get the information they need in a way that is easily digestible and understandable,” said EVERFI Co-Founder and President of Financial Education, Ray Martinez. “This program is a testimony to EVERFI’s commitment to providing financial education to learners of all ages, and we commend F&M Trust for making this commitment to educate their consumers, allowing them to take control of their financial health.”
About F&M Trust: A subsidiary of Franklin Financial Services Corp., F&M Trust is an independent community bank headquartered in Chambersburg. With approximately $1.5 billion in assets, F&M Trust has 22 community-banking locations in Franklin, Cumberland, Fulton and Huntingdon counties.
About EVERFI, Inc: EVERFI is an international technology company driving social change through education to address the most challenging issues affecting society ranging from financial wellness to prescription drug safety to workplace conduct and other critical topics. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) community engagement platform and has reached more than 30 million learners globally. EVERFI powers community engagement in a sustained manner to empower individuals and organizations to make an impact within their communities. The Company also convenes Networks to bring together financial institutions, colleges and universities, and some of the largest corporations to leverage insights and connections to drive impact. 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, Advance Publications, Rethink Education, and Rethink Impact. To learn more about EVERFI visit everfi.com or follow us on Facebook, Instagram, LinkedIn, or Twitter @EVERFI.
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