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The Adirondack Trust Company Reaches 1,400 Students through Online Financial Education Program

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The Adirondack Trust Company Reaches 1,400 Students through Online Financial Education Program

Over 900 students reached during the 2015 – 2016 school year


Saratoga Springs, NY – In the 2015 – 2016 academic year, eight Saratoga and Warren County elementary/middle/high schools implemented a free, digital financial education program, the EverFi Program. The Adirondack Trust Company partnered with the leading education technology company, EverFi, Inc., to bring this interactive, web-based financial education program to over 1,460 students since the program’s inception in 2014. In the 2015 – 2016 school year, the program reached more than 900 students, through eight different school programs.


The Adirondack Trust Company is proud to have empowered so many students with the essential skills needed to make sound financial decisions. This program is a testament to our investment in our local communities,” Charles V. Wait, Jr., the ATC Executive Vice President said. “Financial education is critical part of a young person’s education. It is increasingly important for everyone to understand topics such as budgeting, savings, investing, and other financial topics covered in these courses in order to be successful.”


The 909 students reached through EverFi Program completed 4,760 individual modules of learning during the 2015 – 2016 school year. Students’ understanding of key financial topics rose by an average of 27% based on pre- and post-assessment scores. Among the valuable topics covered were savings, banking, investing, renting versus owning, credit scores, financing higher education, and consumer protection.


Mr. Marc Biddiscombe, a local teacher from Queensbury High School, said, “Thanks to funding from Adirondack Trust I have been able to incorporate the EverFi Financial Literacy program into my 12th grade Economics curriculum. Over the last two years I have had hundreds of students take part in this program and I have found it to be an extremely effective way of delivering significantly important content in an interesting student-centered interactive format. This program provides important information that young adults need to know. It does it in an interesting way that captures student’s attention and also is user friendly from both the student and instructor perspective. Results from course evaluation surveys show student feedback that is overwhelmingly positive!” 


According to recent EverFi survey data, 87% of parents talk to their kids about money, but only 43% of parents describe themselves as 'well prepared' to teach their kids about money. Furthermore, many do not discuss more complex concepts such as credit, financing higher education, or building wealth. Instead, they focus on values and rules-of-thumb, including saving, managing spending, and avoiding debt. These statistics support the need for financial education in a school setting, where all students have an equal opportunity to learn essential financial skills. The EverFi Program is implemented in a co-curricular basis, providing students with the opportunity to develop healthy financial attitudes and behaviors in a classroom setting.


The Adirondack Trust Company’s partnership with EverFi, Inc. brings the program to local students at no cost to the schools or the taxpayer. The EverFi-Financial Literacy Course, an eight-hour, web-based high school program, uses the latest in new media technology to bring complex financial concepts to life for today’s digital generation. The platform uniquely tracks the progress and performance of every student and provides students who successfully complete the course with certification in financial literacy, a valuable mark of distinction on college applications and resumes. The Vault – Understanding Money™ course, an online elementary/middle school course, uses the latest in simulation and gaming technologies introduce financial literacy skills early in a child’s cognitive development. The two and a half hour curriculum aligns with state and national standards and includes topics such as saving, budgeting, responsibility and decision-making, credit and debt, careers, income, and charity. In 2015, the Consumer Financial Protection Bureau (CFPB) highlighted EverFi’s schools-based financial education programs in a new report on Advancing K-12 Financial Education: A Guide for Policymakers.


"Helping students and adults develop a foundation of financial understanding and capability is absolutely critical," said EverFi Founder and CEO Tom Davidson. “We are grateful for our partnership with The Adirondack Trust Company for tackling this issue head on and taking positive steps to prepare young people with the critical financial management skills they need to be savvy, responsible consumers.”


About The Adirondack Trust Company

The Adirondack Trust Company is an independent, locally owned and operated, community bank offering a wide variety of business and personal financial services. The Bank has more than $1 billion in assets and twelve branch offices. The Bank offers banking, trust, insurance, and investment management services, and originates real estate mortgages, both residential and commercial, and commercial business loans throughout its primary market area. The Bank is a Bauer 5 Star Rated Superior bank. The Bank's website is


About EverFi

EverFi, Inc. is the leading education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical skills they need for life. The company teams with major corporations and foundations to provide the programs at no cost to K-12 schools. Some of America’s leading CEOs and venture capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, Rethink Education, New Enterprise Associates, Inc. (NEA), and Tomorrow Ventures (the investment arm of Google Chairman Eric Schmidt). Learn more at




The Adirondack Trust Company

473 Broadway

Saratoga Springs, NY 12866, (518) 584-5844