Kansas Office of the State Bank Commissioner provides grant for youth financial literacy

The Kansas Council for Economic Education (KCEE) has received a $20,000 grant from the Office of the State Bank Commissioner (OSBC). The KCEE is a nonprofit organization that is affiliated with all of Kansas’ six public universities and hosted by the W. Frank Barton School of Business at Wichita State. The KCEE will use the grant in providing its financial literacy programs for middle and high school students throughout the state of Kansas.

The KCEE strives to increase the economic and financial literacy of K-12 students by equipping their teachers to teach economics and personal finance and by providing programs and competitions that engage students through experiential learning and practical applications of knowledge. The KCEE reaches more than 100,000 students through more than 1,000 teachers statewide each year.

“The KCEE and the middle and high school students in Kansas sincerely appreciate this grant,” Jim Graham, KCEE president and chief executive officer, said.

The OSBC regulates all state-chartered banks, trust companies, mortgage businesses, supervised lenders, credit service organizations and money transmitters that do business in the State of Kansas. Its mission is to ensure the integrity of regulated providers of financial services through responsible and proactive oversight while protecting and educating consumers. The OSBC has supported the KCEE for many years as part of its mission of educating consumers so they will become financially literate.

The OSBC has awarded $103,150 in grant funds this year to six Kansas organizations to provide financial literacy education throughout the state. The recipients of OSBC Consumer Education grants are Consumer Credit Counseling Service Inc., Housing and Credit Counseling Inc., Kansas Council for Economic Education, The Pando Initiative Inc., Jobs for America’s Graduates-Kansas (JAG-K), and Mirror, Inc.