HARRISBURG, Penn.–PSECU 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 credit union said.
The virtual challenge, created by social impact education innovator EVERFI, 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, the credit union added.
Topics include how to save, set financial goals, budget, and invest.
In addition to supporting the EVERFI Financial Literacy Bee, PSECU noted it also 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.”