St. Thomas Academy takes second in state competition

Courtesy of Paula Keller • St. Thomas Academy students and coach with COUNTRY Financial representative Camilla Hemplemand and MCEE Executive Director Donald Liu. From left, Camilla Hempleman, Coach Dean Simmons, Chase Kill, Vernon Lovegreen, Logan Davis, Axel Raarup, and Donald Liu.

St. Thomas Academy took second place at the Minnesota Personal Finance Decathlon state championship on April 18 at the Federal Reserve Bank of Minneapolis. The top prize went to Albany Area Senior High, and Underwood High School and Robbinsdale Armstrong High School were state finalists.

More than 300 students from across Minnesota competed online for the opportunity to be invited to the state championship where student teams from 11 schools competed in a case study analysis. Designed to test student knowledge of personal finance in the areas of earning income, paying taxes, budgeting, saving, financial planning, investing, borrowing, banking and financial institutions, and insuring, teams at the state competition received a case study of the fictional Blevins-Gross Family and acted as financial advisors to the family presenting recommendations to panels of judges.

The top four teams after the first round of presentations went on to present again to all eight judges to determine the state champion. Judges included representatives from the Minnesota Department of Commerce, event sponsor COUNTRY Financial, the Federal Reserve Bank of Minneapolis, General Mills, and CHS, Inc. 

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