National Acknowledgements: Merchants Bank, and the Center for Financial Literacy have been recognized by the White House and from the Federal Deposit Insurance Corporation (FDIC) for the Summer Institute's content, impact and partnership approach regarding personal finance education.
- The White House Report - Every American Financially Empowered: A Guide to Increasing Financial Capability among Students, Works and Residents in Communities (May 2012) - acknowledges the Center for Financial Literacy at Champlain College for its educational programs, including the Summer Institute, and for its partnership with local financial institutions, led by Merchants Bank:
"The Center (for Financial Literacy) is a partnership between several Vermont financial institutions and Champlain College. It aims to increase financial literacy in classrooms across Vermont, ensure college students graduate with the skills to make sound decisions about spending, credit and investments, and help adults navigate difficult financial situations such as buying a home and saving for retirement. The Center has hosted K-12 teacher training workshops for Vermont teachers and partnered with a local bank to help college students access and understand their credit scores."
(http://www.whitehouse.gov/sites/default/files/financial_capability_toolkit_5.10.2012.pdf - at page 13.)
- FDIC and Merchants Bank: In March 2011 Merchants Bank was invited by the FDIC Chairman's Advisory Committee on Economic Inclusion to explain the Bank's commitment to personal finance education and its role in the Summer Institute.
- National Pilot Partner of the Jump$tart Teacher Training Alliance (J$TTA) Curriculum: a collaborative endeavor initially proposed by Jump$tart board member Ted Beck of the National Endowment for Financial Education(NEFE) and undertaken by the Jump$tart Coalition on behalf of its partners. The curriculum presented at the Summer Institute included 21 hours of content that had been jointly created by J$TTA and the Center for Financial Literacy at Champlain College. The Center was chosen to be one of five pilot sites for the testing of this innovative curriculum as part of a national pilot study to measure the impact of the teachers on their students' financial literacy knowledge and behaviors.