As part of Money Smart Week 2016, CEFCU is again pleased to sponsor the Money Smart Kid Essay Contest. Students in 5th – 8th grades throughout Peoria, Tazewell, and Woodford counties are encouraged to answer this year’s Money Smart question with an essay of up to 500 words. The winner will be announced during Money Smart Week, which takes place April 23 - 30, during a special presentation at their school. The student will receive a $2,000 scholarship provided by CEFCU to invest in their future education.
This year’s Money Smart Essay question is: “Your family faces a medical emergency. Due to this situation, your parent/guardian cannot work temporarily. Your family does not have much savings and will need to find ways to adjust spending. Given these changed circumstances…1. How could your family adjust spending? 2. What action might you take to assist your family in the situation? 3. How can your family better prepare in the future for unexpected emergencies that have major financial impact?”
“CEFCU is proud to sponsor the Money Smart Kid Essay Contest again this year. We believe financial literacy is a vital life skill. Sponsoring the Essay Contest is one way for CEFCU to help youth and young adults prepare for their future and have the tools needed to make informed financial decisions,” said Jana’ Stevens, CEFCU Community Relations Manager.
Entries for the 2016 Money Smart Kid Essay Contest must be submitted on or before Thursday, March 31. Entries should be mailed to CEFCU – Community Relations Department, 5401 W. Dirksen Pkwy., Peoria, IL, 61607. There is no entry fee to participate in the Essay Contest.
With assets totaling over $5.2 billion, CEFCU serves over 314,000 members through 20 central Illinois Member Centers and 4 Member Centers in California’s Santa Clara County; the CEFCU Financial Center; the Money Center 24 ATM Network; CEFCU’s website, cefcu.com; m.cefcu.com; the surcharge-free CO-OP Network ATMs; and the CU Service Center Shared Branch Network.