And the Final Jeopardy question is: What is a Reverse Mortgage for $5,000?

TruMark Financial hosted its tenth annual Financial Jeopardy competition on April 26, 2017, at TruMark Financial Headquarters, Fort Washington, Pa.

The Financial Jeopardy competition, a spin-off of the long-running nightly quiz show that airs on 6ABC in Philadelphia, tested students’ personal finance knowledge in categories such as banking, credit, taxes, budgeting, and investments. At the end of the competition, TruMark Financial awarded three scholarships – a $5,000 grand prize, a $3,000 second prize, and a $2,000 third prize – to the students who fared best in the Jeopardy, Double Jeopardy, and Final Jeopardy rounds of
the competition.

The winner of the $5,000 grand prize was Miranda Mencken of Plymouth Whitemarsh High School. Mencken will attend Bloomsburg University in the fall to study finance. “It has been an incredible honor to participate in TruMark Financial’s Jeopardy Competition and to come out as the 2017 champion,” said Mencken. “I am so thankful to my teacher Ms. Labricciosa and to everyone who helped put this event together. Not only will this scholarship bring me one step closer to earning a finance degree, but thanks to the competition, I will have knowledge of the financial world that I can carry with me throughout the rest of my life.”

Second place winner Joseph Makkar of William Tennent High School won a $3,000 scholarship and hopes to attend University of Michigan. Abigail Harpur of Abington High School finished third, winning a $2,000 scholarship. She will be attending Grove City College.

In addition to the top three prizes, TruMark Financial awarded $200 to each of the other contestants: Matthew Corbett, Bensalem High School; Hannah Faiella, Central Bucks East High School; Elana Donato, Neshaminy High School; Michael Cummins, Upper Dublin High School; Cary Boyd, Roman Catholic High School; Jessica Lin, Radnor High School; Henry James Carrington, Council Rock North High School; and Natasha Toro-Rosario, George Washington High School.

As financial “illiteracy” and college debt among young people increase and school budgets shrink, TruMark Financial works to bridge the gap with programs that educate students about credit, loans, saving, and investing. The Financial Jeopardy competition is one component of the credit union’s financial literacy initiative “Building Financial Futures” that provides students with sound financial principles that will serve them throughout their lifetime.

In an effort to provide students with sound financial principles as they transition into adulthood, TruMark Financial employees visit local high schools and conduct presentations on topics such as banking, establishing and maintaining good credit, budgeting, and investing. TruMark Financial presentations provide third-party expertise to students and complement the schools’ existing personal finance curricula. In addition, TruMark Financial operates six student-run branches in high schools and colleges throughout Southeastern Pennsylvania.

About TruMark Financial’s Jeopardy Competition
TruMark Financial hosted a Financial Jeopardy competition for seniors from area high schools on
April 26, 2017, at TruMark Financial Headquarters, 335 Commerce Drive, Fort Washington, Pa. 19034. Invited guests included members of TruMark Financial’s board of directors, supervisory committee, and senior managers, as well as business education teachers and administrators from participating schools.

About TruMark Financial
TruMark Financial is one of the strongest, most progressive credit unions in the nation, offering a full range of banking, investing, and insurance services to more than 115,000 members in Southeastern Pa.
Founded in 1939, TruMark Financial is headquartered in Fort Washington, Pa., and has approximately $2 billion in assets through its 22 branches, Call Center, and a suite of innovative online and mobile banking services. To learn more about TruMark Financial, visit www.trumarkonline.org or call 1-877-TRUMARK. Connect with TruMark Financial at www.facebook.com/trumarkonline and twitter.com/trumarkonline.

Captions for photos

Photo (56-Group Shot):
TruMark Financial Chief Executive Officer Richard F. Stipa and Assistant Vice President of Community Relations Randi Marmer (center) meet with the eleven Financial Jeopardy contestants prior to the competition. (l. to r.) Miranda Mencken, Plymouth Whitemarsh High School; Michael Cummins, Upper Dublin High School; Henry James Carrington, Council Rock North High School; Natasha Toro-Rosario, George Washington High School; Elana Donato, Neshaminy High School; Abigail Harpur, Abington High School; Matthew Corbett, Bensalem High School; Jessica Lin, Radnor High School; Joseph Makkar, William Tennent High School; Hannah Faiella, Central Bucks East High School; and Cary Boyd, Roman Catholic High School. Courtesy of Hy Paul Photography.

Photo (Hannah Faiella)

Hannah Faiella, a senior at Central Bucks East, was a contestant in TruMark Financial’s tenth annual Financial Jeopardy Game, held on April 26 at TruMark Financial Headquarters, 335 Commerce Drive, Fort Washington, Pa. 19034. Faiella was awarded a $200 scholarship. Courtesy of Hy Paul Photography.