Nurturing Economic Empowerment Through Financial Education Across Virginia
The Virginia Financial Educators Council’s mission is rooted in providing people with the knowledge and guidance they need to foster greater financial well-being.
To this end, we provide complimentary resources, advocacy campaigns, and local personal support to build scalable financial wellness initiatives throughout Virginia.
Strengthening Virginia with Sustainable Economic Empowerment Programming
The mission of the Virginia Financial Educators Council℠ is to build sustainable, scalable economic empowerment programs that have a real impact on people’s lives at the community level. To accomplishing this mission, we focus on these 3 Pillars:
Join The Movement
Beneficiaries
Receivers of resources & support.
Supporters
Promote the campaign across the community.
Join Advisory Board
Community leaders of local & state chapters.
Why We Are Uniquely Positioned to Serve
The Virginia Financial Educators Council℠ is a state chapter of the National Financial Educators Council®. The National Chapter is well-qualified to support our initiatives here across the state of Virginia – they bring:
Accreditation
As an IACET Accredited Provider, the NFEC offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard.
Social Impact
As a Certified B Corporation, the NFEC meets the highest standards for socially responsible commerce, using the power of business to build more sustainable economies.
Standards
The NFEC set industry standards for the financial education and financial coaching industry.
Our Local Champions Across Virginia Make this Possible
Local champions ensure that financial education programming, resources and data are provided complimentary to individuals and organizations throughout Virginia.
Virginia Financial Literacy
The Virginia Financial Educators Council℠ demonstrates its commitment to promoting Virginia financial literacy by spearheading an effort to provide organizations and people with access to personal finance resources and information. One piece of a nationwide initiative, this push to improve Virginia financial literacy builds financial capability among individuals and groups. All across the Old Dominion State, increases in Virginia financial literacy are making headway toward bolstering the state economy.
Complimentary Financial Literacy Resources
Financial Education Framework and Standards
Personal Finance eLearning Center
Live Presentation Materials
Financial Literacy Testing
Virginia Financial Literacy Legislation & Educational Stats
Reported by a program of the U.S. DOE’s National Center for Education Statistics, the Common Core of Data (CCD), research shows that Virginia’s dense population can claim a higher number of total schools, teachers, and students than the U.S. averages. The Old Dominion State has 2,162 schools (1,972 average); 89,967 teachers (61,418 average); and nearly 1.3 million students (986,521 average) as of the 2014-15 academic year.
In 2015 Virginia enacted SB 846, amending the Virginia State Code related to the Department of Social Services to develop and implement a plan under which citizens receiving public assistance are provided with information about free financial literacy courses (National Conference of State Legislatures, 2015).
Virginia Financial Capability Stats
Average Score of 67.3% to Date
Percentage of Passing [70%] Scores to Date
National Financial Capability Stats
Average Score of 64.26% to Date
Percentage of Passing [70%] Scores to Date
About the Virginia Financial Educators Council℠
The Virginia Financial Educators Council℠ – an organization begun in 2017 – partners with the National Financial Educators Council® (NFEC®) in a campaign to strive toward shared goals for promoting financial literacy. Those goals are accomplished through a push to build successful community-level initiatives.
National Financial Educators Council, State Chapters