TCF Receives Innovation in Financial Education Award Presented by Nasdaq and EverFi

During National Financial Literacy Month in April, TCF receives
second, consecutive financial education award for providing innovative
financial education to teens and adults

WAYZATA, Minn.–(BUSINESS WIRE)–TCF Financial Corporation (TCF) yesterday was honored with its second,
consecutive Innovation in Financial Education Award presented by Nasdaq
and EverFi. The award, presented during National Financial Literacy
Month, recognizes TCF’s significant efforts to improve the financial
capability of Americans through its TCF Financial Scholars Program for
teens and TCF Financial Learning Center for adults. TCF was one of
thirty-five institutions honored with this distinction at a ceremony
hosted on Wednesday, April 6 at Nasdaq Marketsite in New York City.

Honorees were selected based on criteria that included the scale and
reach of their financial education initiatives, the duration of their
commitment, and unique team member volunteering activities that
supplement their programs.

“Helping students and adults develop a foundation of financial
understanding and capability is absolutely critical,” said EverFi
founder and CEO Tom Davidson. “TCF is tackling this issue head on and
taking positive steps to prepare millions of individuals with the
critical financial management skills needed to move our country forward.”

“We’re honored to be recognized two consecutive years for our efforts to
improve financial education in our communities,” said Michael Jones,
executive vice president of consumer banking at TCF Financial
Corporation. “Through financial education, we’re empowering consumers to
make more informed decisions about their money. We know financially
literate teens and adults make smarter financial decisions for
themselves, their families and their communities today and in the

TCF is committed to providing teens and adults with the skills and
knowledge needed to successfully navigate the increasingly complex
financial world we live in. TCF partnered with EverFi to bring the TCF
Financial Scholars Program to high school students at no cost to schools
or taxpayers, and the TCF Financial Learning Center is free online for
adults. TCF has reached more than 100,000 consumers and 90,000 students
at 700 high schools in three years.

While more states are implementing standards in personal finance, only
17 states require high school students to take a course in personal
finance, according to the Council for Economic Education (CEE). TCF
partners with EverFi to implement the TCF Financial Scholars Program in
a co-curricular basis, providing students with the opportunity to
develop healthy financial attitudes and behaviors in a classroom
setting. Data collected from nearly 30,000 students who completed the
TCF Financial Scholars Program thus far during the 2015-2016 academic
year revealed that students’ financial understanding increased by an
average of 77 percent after interacting with the curriculum.

Administered by teachers in a classroom setting, the web-based course
offers more than six hours of programming on a variety of financial
topics including credit scores, insurance, credit cards, student loans,
mortgages, taxes, stocks, savings, 401k plans, and other critical
concepts that map to national financial literacy standards. The platform
uniquely tracks the progress and performance of every student.

The TCF Financial Learning Center is a free, online financial education
program that helps adults manage their money more effectively, make
decisions that strengthen their financial future, and gain confidence in
their financial knowledge. The program includes nine courses: credit
scores and reports, financing higher education, identity protection,
insurance and taxes, mobile payments, mortgages, overdraft, payment
types and credit cards, and savings and investments.

Learn more about TCF’s financial education programs at

About TCF
TCF is a Wayzata, Minnesota-based national bank
holding company. As of December 31, 2015, TCF had $20 billion in total
assets and 375 branches in Arizona, Colorado, Illinois, Indiana,
Michigan, Minnesota, South Dakota and Wisconsin, providing retail and
commercial banking services. TCF, through its subsidiaries, also
conducts commercial leasing, equipment finance, and auto finance
business in all 50 states and commercial inventory finance business in
all 50 states and Canada. For more information about TCF, visit

About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of
trading, clearing, exchange technology, listing, information and public
company services across six continents. Through its diverse portfolio of
solutions, Nasdaq enables customers to plan, optimize and execute their
business vision with confidence, using proven technologies that provide
transparency and insight for navigating today’s global capital markets.
As the creator of the world’s first electronic stock market, its
technology powers more than 70 marketplaces in 50 countries, and 1 in 10
of the world’s securities transactions. Nasdaq is home to more than
3,700 listed companies with a market value of approximately $9.6
trillion and nearly 10,000 corporate clients. To learn more, visit:

About EverFi
EverFi, Inc. is the leading education
technology company focused on teaching, assessing, and certifying K-12
and college students in the critical skills they need for life. The
company teams with major corporations and foundations to provide the
programs at no cost to K-12 schools. Some of America’s leading CEOs and
venture capital firms are EverFi investors including Amazon founder and
CEO Jeff Bezos, Twitter founder Evan Williams, and Google Chairman Eric
Schmidt. Learn more at


TCF Financial Corporation
Mark Goldman, 952-475-7050
Korstange, 952-745-2755