Central Credit Union of Florida has entered into a partnership with Zogo, a leading financial technology company, to bring their financial literacy app to its members and the communities it serves. The app, which was developed by a group of Duke University students, guides teens and young adults 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. 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 3 out of 4 parents think financial apps are a good way to teach about financial matters.
Central Credit Union loves that the Zogo app combines a digital approach with insights from Duke University behavioral scientists to engage the future generation. “We wanted to create a financial education experience our peers would actually use,” states Bolun Li, CEO and co- founder of Zogo. He goes on to state “we are excited to partner with Central Credit Union of Florida to bring this vision to life.”
Through Central Credit Union of Florida’s partnership, the Zogo app is now available at no cost on both the Apple App Store and Google Play Store. To learn more about Central Credit Union of Florida, you can follow their Facebook page, visit their website www.ccufl.org or call their local headquarters at (850) 474-0970 or (800) 375- 2235.