Jeanne D’Arc Credit Union announces participation in the EVERFI National Financial Bee in support of Youth Financial Education
A new, virtual challenge, taking place during Financial Literacy Month, equips students with money management skills and encourages remote learning while social distancing
LOWELL, MA (April 24, 2020) — Jeanne D’Arc Credit Union today announced that it is sponsoring the EVERFI National Financial Bee. The National Financial Bee is a first-of-its-kind nationwide financial literacy challenge for students in 7th-10th grade taking place April 24-30, 2020 for Jeanne D’Arc Credit Union members and the community we serve.
As families across the country are struggling to balance work, childcare, and homeschooling amidst widespread school closures driven by the COVID-19 pandemic, the National Financial Bee provides an opportunity for students to have some fun and learn critical financial concepts at home while social distancing.
The five-day challenge, created by social impact education innovator EVERFI, and supported by leading financial institutions nationwide, features a short daily digital lesson and capstone essay contest in which students will share a financial dream of theirs and how they plan to get there. Winners of the National Financial Bee will receive a total of $20,000 in college scholarships; first prize winning $10,000, second prize $6,000, and third prize $4,000.
“Our goal at Jeanne D’Arc Credit Union is to help our members make smart financial choices and we believe those choices come through financial education. We are even more focused on financial literacy during this time of uncertainty, and this program brings us an opportunity to highlight educational opportunities during Financial Literacy Month,” said Mark Cochran, President and CEO. “We are proud to be supporting parents and students through the National Financial Bee and hope it helps drive open discussions at home about important financial topics.”
During 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 spending and saving, credit and debt, employment and income, investing, and insurance.
“Across the country, families are facing unprecedented uncertainties and challenges. Parents are dealing with the loss of income or are adjusting to working from home, while students are trying to continue their studies outside of the classroom,” said Ray Martinez, 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 secure — and help students stay engaged. The National Financial Bee is a fun way for students to compete with their peers while social distancing.”
In addition to supporting the National Financial Bee, Jeanne D’Arc Credit Union works with EVERFI to provide school-based financial education in our three high school branches; Dracut High School, Lowell High School, and Nashua High School South. Jeanne D’Arc Credit Union also provides members of all ages a free online version, with interactive learning modules that will help build the foundation for long-term financial success.
To learn more about the National Financial Bee, and to register to participate, visit https://jdcu.everfi-next.net/welcome/national-financial-bee.
About Jeanne D’Arc Credit Union
Jeanne D’Arc Credit Union was established in 1912 and is a full-service, community-based financial cooperative. Locally owned by 100,000 members with $2.1 billion in assets, Jeanne D’Arc operates eight full-service branches in Lowell, Dracut (2), Tyngsboro, Chelmsford, Methuen, and Westford, Massachusetts, and Nashua, New Hampshire; high-school branches at Lowell High, Dracut High, and Nashua High School South; a loan center in Lowell; and a mortgage center in Chelmsford. Follow Jeanne D’Arc on Facebook, Instagram, and LinkedIn.