Arvest Bank of Fayetteville has introduced a new bilingual, mobile-first financial education resource to help consumers build financial health.
The interactive free platform, EmpowerED, is available in English and Spanish and offers a library of learning topics around important personal financial education concepts, including budgeting, investing, home ownership and retirement planning. EmpowerED also has workshop materials that Arvest employees can use for in-person classes in the community.
The program is led by the Arvest Opportunity Fund, a wholly owned non-bank subsidiary of Arvest that offers loans, lines of credit and lending-related financial education to small business customers that fall just below existing bank credit requirements.
“Arvest views this investment in financial education as needed support for our customers and communities,” Hillis Schild, executive director of the Arvest Opportunity Fund, said in a statement. “Providing financial education — whether it be via our new online platform or in-person workshops — can have real impact on people’s financial situations and their lives. Just as Arvest wants to be the financial services provider of choice in the communities we serve, we also want to be the financial education provider of choice.”
Through EmpowerED, users are guided through interactive exercises that allow them to practice making financial decisions most relevant to them in a fail-safe environment, Arvest said in a news release. Each topic area offers a 3-6 minute module designed to enable users to apply what they have learned to their personal financial goals. The mobile-first design is available on all internet-enabled devices.
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