San Bernardino Valley High School Students Place in Top 20 Percent Nationally for Second Consecutive Year
SCE Federal Credit Union Helps Teens Secure Top Finishes in 2012 National Financial Capability ChallengeMay 17, 2012 | News & Press
FOR IMMEDIATE RELEASE
Contact: PCGCampbell Eric Garner 310.224.4957
IRWINDALE, Calif. (May 17, 2012) – When SCE FCU financial instructors talk to Colony High School’s business classes about financial literacy, the students cash in.
The San Bernardino County school had five students finish in the top 20 percent and one above the 90th percentile nationally during the month-long web-based National Financial Capability Challenge (NFCC) designed by the US Dept. of Treasury and the US Dept. of Education to teach high school students the X’s and O’s of personal finance.
Currently, California is one of 46 states that do not require students to take a financial literacy course in order to graduate. In the 2012 NFCC, California’s average student score was a 67.09 percent, ranking it 44 out of the 50 states.
Colony High School, however, does offer financial literacy training with the help of the SCE FCU Foundation.
“The combination of book knowledge, real-life scenarios and having people from industry work with them, like SCE Federal Credit Union, makes all the difference for these kids,” said Kevin Davis, Colony High School business teacher. “It’s my opinion that by teaching our youth the ins and outs of personal finance, we prepare them for life. We continue to make it our goal to give students applicable, working knowledge that they can apply in current and future financial situations. SCE Federal Credit Union has been an integral part of that.”
SCE FCU has been supporting residents in the San Bernardino Valley for 60 years and partnering with local schools for the past decade. Their credit union foundation will conduct more than 100 financial literacy workshops and courses throughout 2012.
“Our foundation was created primarily to help young people gain financial insight and moxie for facing the real world,” said Dennis Huber, SCE FCU CEO. When local kids secure top 20 percent finishes, it’s validation we’re getting through to them. Congratulations to the students for their outstanding efforts.”
SCE Federal Credit Union was founded in 1952 and currently has nearly 50,000 members, $560 million in assets, several Southern California and Nevada branch locations, thousands of shared branch locations across the United States and more than 28,000 surcharge-free ATMs available to members. SCE FCU serves all of Southern California and Southern Nevada, with membership open to individuals and businesses. SCE FCU is a not-for-profit entity committed to improving the financial well-being of the communities it serves, especially those underserved by mainstream financial institutions. With a strong commitment to volunteerism, employees donate hundreds of hours to local community causes each year. Additionally, the creation of the SCE FCU Foundation provides much-needed financial education to the underserved in Nevada and Southern California.