“Mad City Money Competition” brings in $ 12,000 in purses – News-Herald

The recent efforts of high school student mentors entering a new educational competition ended up going beyond the conclusions anticipated during the Mentor’s paradigm building.

Originally created to award $ 5,000 in scholarships as part of the Mad City Money Competition, a collaborative community business with Central credit union and school, the prize was eventually increased to $ 12,000 due to a four-way tie between 12 students.

Kim Rowan, student branch manager for Cardinal Credit Union, noted that all four teams received perfect grades.

Hosted by Principal Jason Crowe, more than 85 students participated in the event, teamed up in teams and played a virtual version of “Game of Life”.

The second place team won a purse of $ 250 each and the third place team won $ 100 each. Fourth and fifth places, as well as other prizes, were also awarded.

“Our Mad City Money competition is another example of our commitment to ensuring that we build the financial literacy of our students to prepare them for the next phase of their lives,” said Joe Glavan, Technical Education Coordinator and professional, who also serves as the director of Lake Shore Pact.

“This competition, in addition to our recently opened Mentor High Cardinal Credit Union branch and financial literacy classes taught by Cardinal Credit Union staff, helps provide a comprehensive approach to increasing financial literacy that is both educational and, above all, relevant to our students. “

In addition to Mad City Money and helping to mine the student-run Cardinal Credit Union branch, Cardinal Credit Union offers an eight-lesson program in school economics with the goal of increasing financial literacy to all students.

Going forward, officials hope to host the event twice a year, once in the fall and once in the spring.

“Our commitment to financial education remains evident as we continue our annual Mad City Money college scholarship competition,” said Christine Blake, CEO of Cardinal Credit Union. “At the event, the students take on the responsibilities of adulthood while trying to keep a budget. This allows students to make mistakes and experience the consequences of their decisions in a realistic but safe environment.

“Cardinal’s goal has always been to provide students with concrete financial experiences, before they go to college or embark on other projects after high school,” he said. she adds. “We’re trying to prepare them for the challenges of tomorrow, teaching them smart money management skills today. Through the Mad City Money initiative, we continue to prepare young adults for future financial responsibilities. “

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