PITTSBURGH— Tri Valley Service Federal Credit Union (TVSFCU) said it has entered into a partnership with Zogo to bring Zogo’s app to its members and families. The app, which was developed by a group of Duke University students, guides teens through 300+ bite-sized financial educational modules. All of Zogo’s content meets the national standards for financial literacy! As users successfully answer questions, they will accumulate points that they can redeem for gift cards (and other rewards).
“In this digital world, we noticed concerning financial trends and came to the conclusion that many of the younger generation didn't really know about financial literacy and the importance to have great knowledge about finance,” explained Carol Mattesi, CEO of Tri-Valley Services Federal Credit Union. “Tri Valley Service FCU partnered with Zogo to reach the younger generation to set them on the right track early, but also the older generation who may also need help learning financial literacy.”
The credit union noted 84% of teens say they look to their parents for information about money, according to a study by Junior Achievement. However, parents often feel unprepared to play this role. In a survey by EVERFI, only 43% of parents felt they were “well prepared” for money conversations. As an alternative, T. Rowe Price reports that three-out-of-four parents think financial apps are a good way to teach about financial matters.
“Growing up, we didn’t have good experiences learning about personal finance,” added Bolun Li, CEO and co-founder of Zogo. “With Zogo, we wanted to create a financial education experience our peers would actually use. We are excited to partner with Tri Valley Service FCU to bring this vision to life.
The Zogo app is now available to members of TVSFCU at no cost on both the Apple App Store and Google Play Store.