Tri Valley Service Federal Credit Union (TVSFCU) has entered into a partnership with Zogo, a leading financial technology company, 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 ValleyService 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.”
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.
“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 ServiceFCU to bring this vision to life.”
Thanks to this partnership, Tri Valley Service FCU members and the Pittsburgh community will have access to a fun, simplified way of learning about personal finance — and a way to get paid while they do it.
Here’s how the app works:
- Users have access to nearly 300 bite-sized, action-based educational modules that meet all national standards for financial literacy.
- Users begin each module by learning 5 concepts before taking a 5-question quiz.
- The user earns points — in the form of pineapples — for completing each module.
- Users can exchange their pineapples for gift cards (and other rewards), sponsored by Tri Valley Service FCU!
- Tri Valley Service FCU members will receive access to the Zogo platform at no cost.
The Zogo app is now available to members of TVSFCU at no cost on both the Apple App Store and Google Play Store. If you live in the Pittsburgh area, contact them to get your unique access code. The access code will give you additional points for gift cards upon signing up!
Financial literacy is a critical part of the journey toward financial freedom. Tri Valley Service FCU is happy to provide our members young and old with the tools they need to build a bright financial future — a goal we can work toward together.