WAYZATA, Minn.--(BUSINESS WIRE)--TCF Financial Corporation (TCF) today will be honored with its third, consecutive Innovation in Financial Education Award presented by Nasdaq and EverFi. The award, presented during National Financial Literacy Month at Nasdaq Marketsite in New York City, recognizes TCF’s significant efforts to improve the financial capability of Americans through its TCF Financial Scholars Program for teens and TCF Financial Fitness Program for adults.
“We’re honored to be recognized three consecutive years for our efforts to improve financial education for teens and adults,” said Kevin Miller, senior vice president of products, marketing and customer experience at TCF Bank. “Giving back to the communities we serve is a focus at TCF, and teens and adults who completed our financial education programs tell us they have improved their financial knowledge, which helped them make smarter financial decisions for themselves, their families and their communities.”
Honorees were selected based on criteria that included the scale and reach of their financial education initiatives, the duration of their commitment and unique team member volunteering activities that supplement their programs.
“Each year, we travel to the birthplace of the American financial system to honor institutions that are truly dedicated to going above and beyond in service to their communities,” said Ray Martinez, EverFi President of Financial Education. “The Financial Capability Innovation Awards have given us the opportunity to share and celebrate the tremendous investment these institutions are making and continue to make in the communities where they live, work, and serve. For EverFi, our time here reminds us just how critical the role innovation continues to play in empowering Americans to pursue economic opportunity and achieve financial security for themselves, their families and their communities.”
TCF is committed to providing teens and adults with the skills and knowledge needed to successfully navigate the increasingly complex financial world we live in. TCF partnered with EverFi to bring the TCF Financial Scholars Program to high school students at no cost to schools or taxpayers, and the TCF Financial Fitness Program is free online for adults. TCF has reached nearly 20,000 consumers and 140,000 students at 1,300 high schools in four years.
TCF partners with EverFi to implement the TCF Financial Scholars Program in a co-curricular basis, providing students with the opportunity to develop healthy financial attitudes and behaviors in a classroom setting. Data collected from nearly 40,000 students who completed the TCF Financial Scholars Program during the 2015-2016 academic year revealed that students’ financial understanding increased by an average of 79 percent after interacting with the curriculum.
Administered by teachers in a classroom setting, the web-based course offers more than six hours of programming on a variety of financial topics including credit scores, insurance, credit cards, student loans, mortgages, taxes, stocks, savings, 401k plans, and other critical concepts that map to national financial literacy standards. The platform uniquely tracks the progress and performance of every student.
The TCF Financial Fitness Program is a free, online financial education program that helps adults manage their money more effectively, make decisions that strengthen their financial futures and gain confidence in their financial knowledge. The program offers more than 20 courses including building emergency savings, considering home ownership, credit cards, estate planning, financing higher education, identity protection, mobile payments, mortgages, overdraft, retirement 101, taxes and more.
Learn more about TCF’s financial education programs at tcfbank.com/learning.
TCF is a Wayzata, Minnesota-based national bank holding company. As of December 31, 2015, TCF had $20 billion in total assets and 375 branches in Arizona, Colorado, Illinois, Indiana, Michigan, Minnesota, South Dakota and Wisconsin, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing, equipment finance, and auto finance business in all 50 states and commercial inventory finance business in all 50 states and Canada. For more information about TCF, visit tcfbank.com.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of approximately $9.6 trillion and nearly 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
EverFi, Inc. is the leading education technology company focused on teaching, assessing, and certifying K-12 and college students in the critical skills they need for life. The company teams with major corporations and foundations to provide the programs at no cost to K-12 schools. Some of America’s leading CEOs and venture capital firms are EverFi investors including Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, and Google Chairman Eric Schmidt. Learn more at everfi.com.
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