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USSFCU Announces Participation in the Financial Literacy Bee to Support Youth Financial Education

Published: April 1, 2021

USSFCU Announces Participation in the Financial Literacy Bee to Support Youth Financial Education

Financial Literacy Month student challenge equips young people with money management skills and supports remote learning.

Washington, DC - United States Senate Federal Credit Union announces sponsorship of 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 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, USSFCU is especially committed to engaging members, increasing financial literacy, and driving impactful change.”

- Arthur Green | Vice President of Marketing, United States Senate Federal Credit Union

“In these times of financial uncertainty for many Americans, USSFCU is especially committed to engaging members, increasing financial literacy, and driving impactful change,” said Arthur Green, Vice President of Marketing at United States Senate Federal Credit Union. “We are proud to be supporting parents and students at this time through the Financial Literacy Bee and hope it will help encourage kids to develop healthy saving habits that last a lifetime."

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. Bee 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 Ray Martinez, co-founder and president, EVERFI. “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.”

 

About EVERFI, Inc.

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. To learn more about Everfi visit https://everfi.com/about/.

About USSFCU

For 85 years, USSFCU has provided the U.S. Senate and Capitol Hill communities with world-class financial stability, security and service. Now with 100 plus paths to membership, almost anyone has the opportunity to experience the USSFCU difference. Learn more at www.ussfcu.org.

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