Sip financial education hero

VSECU Brings Financial Education to Vermonters

Central Vermont Adult Basic Education

CVABE Uses VSECU Grant for Financial Literacy

Location: Washington, Orange, and Lamoille Counties

Website: Central Vermont Adult Basic Education

Donation/Sponsorship: $1,500.00

Numbers of Vermonters Impacted: 210

Date: July 6, 2016

Contributed By: VSECU

VSECU provided a $1,500 grant to Central Vermont Adult Basic Education (CVABE) in support of free basic education and literacy services for adult residents in Washington, Orange and Lamoille Counties. CVABE’s services include:

  • Functional literacy instruction (reading, writing, math and computer)
  • High school diploma and GED credentialing
  • English Language Learning and US citizenship preparation
  • Academic skill building for college and career readiness
  • Instruction in financial literacy

VSECU’s grant supports CVABE’s Functional Literacy Program, helping an average of 210 neighbors annually to gain literacy skills needed for employment or to function more successfully in life. Many enrolled adults are learning academic skills at an elementary level. Others comprehend some middle-school academics but do not yet have the literacy needed to transition to one of CVABE’s high school credentialing programs. Students are provided with personalized reading, writing and/or math literacy instruction and are offered instruction in financial literacy and computer skills.

CVABE’s Functional Literacy Program helps Vermonters find and maintain employment. In 2014, 75% of the students in the Functional Literacy Program who had set work readiness goals achieved their goals, such as completing internships or achieving certifications. 31% of those students were able to secure a new job, and 60% retained their current job. During that same year, CVABE reported making inroads in reversing the cycle of inter-generational illiteracy, noting that 50% of parents reported increased involvement in their children’s education.

Carol Shults-Perkins, CVABE’s Executive Director noted, “We are most grateful for VSECU’s leading commitment to adult literacy. As neighbors gain education, they become able to secure jobs, transition from poverty to self-sufficiency, better manage their finances and healthcare, support their children’s education, and reach other goals that were never before possible.”

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