COLUMBUS, Ohio– Telhio Credit Union 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 EVERFI, features four short digital lessons followed by a capstone 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 total of $20,000 in college scholarships.
“In these times of financial uncertainty for many Americans, Telhio Credit Union is especially committed to engaging its communities, increasing financial literacy, and driving impactful change,” said Leslie Bumgarner, president and CEO of Telhio. “We are proud to be supporting parents and students at this time through the Financial Literacy Bee and hope it will help drive dinner-table conversations about important 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 said. Topics include how to save, set financial goals, budget, and invest.
In addition to supporting the EVERFI Financial Literacy Bee, Telhio Credit Union said it works with EVERFI to provide Money iQ Financial Education, a program designed to help adults make sound financial decisions on how to better manage and grow their finances.