The Credit Union Foundation of MD & DC’s Millionaire’s Club Team from the Applications and Research Laboratory (ARL), Ellicott City, MD, became the first award-winning Millionaire’s Club when they won first place in the 2013 Maryland Personal Finance Challenge™ State Competition, just two years after the launch of the innovative financial education program.
Each team member was awarded $500 and an all-expense paid trip to the national competition held in St Louis where the four-member team placed sixth nationwide.
The winning team contestants were all members of the SECU of Maryland-sponsored Millionaire’s Club at ARL.
The team competed with 27 teams from across the state in a three-round competition. The two teams with the highest scores then competed for the state title in a fast-paced “Quiz Bowl” round. The competition was held at Towson University.