W-SR Student Wins 1st Place in Money Smart Week Poster Contest

Posted on: in [ Community, Financial Education, General ]

W-SR Student Wins 1st Place in Money Smart Week Poster Contest

Garrin Schult, a sixth-grader attending W-SR Middle School in Waverly, IA has won 1st Place in Community Bankers of Iowa’s (CBI) Money Smart Week Poster Contest.  As the Grand Prize winner, Garrin will receive a $600 Certificate of Deposit.  Garrin’s poster was submitted for judging by State Bank in Waverly.

“Garrin’s poster design did a great job of explaining that using money wisely is important,” said CBI Communications Director Krissy Lee.  “Financial literacy for all Iowa students is CBI’s and Money Smart Week’s mission, and what we hope they gain by entering the Poster Contest.”

CBI has been hosting the Money Smart Week Poster Contest since 1999, as part of the Federal Reserve Bank of Chicago’s Money Smart Week events (held this year March 30-April 6).  To enter the Poster Contest, elementary students in 2nd through 6th grades submitted designs answering the question: “Why is it important to know about money?”  The state-wide Poster Contest is sponsored at the local level by participating Iowa community banks, who submit the contest entries they receive to CBI for final judging.  All poster submissions were evaluated based on overall message, creativity and workmanship.  Garrin and the other two finalists beat out over 1,500 other poster entries received from schools all over Iowa.

“Each week we are in the school at Go-Hawk Savings Bank providing students with an opportunity to save and learn about the importance of their finances,” said Valerie Gaede of State Bank.  “It is very gratifying to know Garrin has a strong understanding of saving money.  It’s even more exciting to present him with a $600 certificate of deposit.  I am confident Garrin will continue to use his financial knowledge in the future!” added Gaede.

The Grand Prize winning student receives a $600 Certificate of Deposit, and 2nd and 3rd Place students each receive a $300 Certificate of Deposit.  Garrin’s poster will be featured with the other contest winners in the May/June issue of CBI’s monthly newsletter Community Banker Update and weekly e-newsletter CommonCENTS, as well as in CBI social media and on their website, www.cbiaonline.org.

For more information on Money Smart Week, visit www.moneysmartweek.org.

Photo Caption(s): TOP: Money Smart Week Poster Contest Grand-Prize Entry, by Garrin Schult; BOTTOM:  State Bank presents Garrin with a $600 certificate of Deposit as the Grand-Prize winner of CBI’s Money Smart Week Poster Contest (L-R: Valerie Gaede, Garrin Schult, James Perry).

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