Cathay Bank Announces Major Grant to Support Financial Literacy For California Middle School Students

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California Council on Economic Education is a recent recipient of Cathay Bank’s investment in a web-based program targeting middle school teachers and students throughout the state.

Middle school educators and students can look forward to a new online version of “It’s Your Choice.” The California Council on Economic Education’s program helps youngsters develop decision-making skills to function more effectively in today’s global economy.

Cathay Bank, a California state-chartered bank announced the financial grant to CCEE to develop and deploy the innovative and interactive, web-based financial literacy training program.

“We are delighted to partner with CCEE on this important and innovative effort. Our mutual interest and goal is to help improve the lives of young people in all of the markets we serve,” said Mr. Dunson Chang, Chairman, CEO and President of Cathay Bankcorp. “We are pleased to provide capital and, more importantly, the best talent within our organization. Our employees will serve as classroom mentors to help students succeed in their life goals.”

The “It’s Your Choice” program examines the lives of typical students who make poor choices with respect to financial situations. It provides training about how to evaluate the benefits and costs of choices that lead to better outcomes and increased success.

The program will initially target middle schools in Southern California. Cathay Bank employees will participate as classroom mentors to fulfill the bank’s commitment to community involvement.

“During a period when too many families are suffering financial stress due to the economic environment, it is vital that we provide best practices and training so young people avoid serious life and financial mistakes,” said William Coffin, CCEE Chairman. “Our mission is to prepare young people to enter the ever-changing and dynamic workforce of California.”

About California Council on Economic Education
For nearly a half-century, California Council on Economic Education, a nonprofit organization, has been dedicated to advancing the economic reasoning and financial literacy of Californians. CCEE prepares students to participate in the global economy by providing educational programs and materials to K–12 teachers. Information about professional development for teachers, workshops, programs and student contests can be found at


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William Coffin, Chairman
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