Chicago Mayor Rahm Emanuel Celebrates Youth Financial Empowerment

In a collaborative effort to prepare Chicago’s next-generation workforce and boost their financial capacity, EverFi and TCF Bank have teamed up with One Summer Chicago, Mayor Rahm Emanuel’s youth summer employment program, to provide our web-based financial education curriculum to thousands of youth participants across the city.

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TCF Vice Chairman Tom Jasper and Mayor Rahm Emanuel with graduates of the TCF Financial Scholars Program

On Monday, Mayor Emanuel and Cook County Board President Toni Preckwinkle hosted a recognition breakfast at the Chicago Cultural Center to celebrate the accomplishments of One Summer Chicago youth participants and recognize TCF Bank for its role in building the financial acumen of young people across the city.

TCF Vice Chairman Tom Jasper emceed the event and announced that the TCF Financial Scholars Program reached more than 6,400 youth participants this past summer. And perhaps the biggest announcement of the day was that TCF will also be sponsoring this program in Chicago Public Schools – the third largest school district in the US.

Mayor Emanuel touted the TCF partnership as a shining example of how the public and private sectors can work together leverage their resources to maximize availability and access to summer jobs and provide students with a strong financial foundation as they earn their first paycheck. He called on other private sector partners to help expand opportunities to improve college and career-readiness of Chicago’s students and reduce rates of youth violence in the city.

TCF’s commitment to financial education runs deep. The bank has partnered with EverFi to bring financial education to more than 400 high schools across six states as well as a number of colleges and universities across the Midwest. They’re also launching a massive effort to educate adult consumers throughout their footprint with an overall goal of reaching 2 million people. We’re proud to help power that endeavor.

Hear what Chicago students had to say about the impact of the TCF Financial Scholars Program: