PSECU to Sponsor EVERFI Financial Literacy Bee to Support Youth Financial Education
March 31, 2021
Harrisburg, PA (March 31, 2021) – Pennsylvania’s anytime, anywhere digital credit union, PSECU, announced that it is sponsoring the EVERFI Financial Literacy Bee, taking place April 1-15, 2021. The EVERFI Financial Literacy Bee is a nationwide financial literacy challenge for high school students.
As families across the country are struggling financially in the wake of the pandemic, from unemployment, to career shifts, to a reduction in income, the EVERFI Financial Literacy Bee provides an opportunity for students to learn the critical importance of saving and budgeting for short-term and long-term financial goals.
The virtual challenge, created by social impact education innovator EVERFI, and supported by leading financial institutions nationwide, features four short digital lessons followed by an essay contest in which students share a short-term or long-term savings goal and outline their plan to achieve that goal. Winners of the EVERFI Financial Literacy Bee will receive a collective total of $20,000 in college scholarships.
“In these times of financial uncertainty, PSECU remains committed to engaging its communities, increasing financial literacy, and driving impactful change,” said PSECU President and CEO George Rudolph. “We are proud to be supporting parents and students at this time through the Financial Literacy Bee and hope it will help spur important conversations about financial topics.”
By competing in the challenge, participating students will gain new skills to create a personalized financial decision-making framework that they can apply to their lives now and in the future.
Topics include how to save, set financial goals, budget, and invest.
“The pandemic has shone a bright light on the financial vulnerability of most Americans, with 40 percent of American consumers reporting that they had trouble paying at least one bill or expense in 2020,” said EVERFI Co-founder and President Ray Martinez. “We’ve always been committed to helping students increase their financial literacy, and during this historic time, we are also working to help parents feel more comfortable having dinner-table conversations about money. The Financial Literacy Bee is a fun way for students to learn important strategies to increase savings.”
In addition to supporting the EVERFI Financial Literacy Bee, PSECU works with EVERFI to provide its free Online Learning Center, a mobile-first financial education platform that helps individuals build financial health and confidence for themselves and their families with a robust library of learning topics, including budgeting, investing, homeownership, and retirement planning.
“PSECU’s Online Learning Center and the PSECU blog are parts of our larger WalletWorks financial education program, which offers financial learning opportunities to the community for members and non-members alike through workshop presentations for college and university students, community groups and nonprofit organizations, and PSECU’s Select Employee Groups across the state,” said Consumer Education Strategist Sara Weiser. “Select Employee Groups are businesses that offer PSECU membership in their employee benefits package.”
Students ages 13-18 can participate in the EVERFI Financial Literacy Bee and scholarship essay contest from April 1-15, 2021.
“For more information about PSECU membership eligibility and benefits, or to become a member, visit psecu.com today,” Rudolph added.
About PSECU
Opened in 1934, PSECU was founded by 22 ordinary people who pooled $90 and made an extraordinary commitment to each other: To create a financial institution where collective resources benefit all members. Today, PSECU continues that legacy as Pennsylvania’s largest credit union, managing $7.5 billion in assets and offering its more than 480,000 members convenient anytime, anywhere digital banking options. For more information about PSECU, visit psecu.com. View its Year In Review to learn how PSECU contributes to the greater good.
About EVERFI, Inc.
EVERFI is an international technology company driving social change through education to address the most challenging issues affecting society ranging from financial wellness to prescription drug safety to workplace conduct and other critical topics. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) community engagement platform and has reached more than 41 million learners globally. In 2020, the company was recognized as one of the World’s Most Innovative Companies by Fast Company and was featured on Fortune Magazine’s Impact 20 list. Some of America’s leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, as well as Advance, Rethink Education, Rethink Impact, The Rise Fund, and TPG Growth. To learn more about EVERFI and how you can #answerthecall please visit everfi.com or follow us on Facebook, Instagram, LinkedIn, or Twitter @EVERFI.