News
November 11, 2015First New York to Treat School Banker Just Like a Millionaire
On Thursday, November 12, Kaitlyn Wood, a fourth grade student at Radez Elementary School in the Cobleskill-Richmondville Central School District will be treated just like a Millionaire for the Day by First New York Federal Credit Union.
First New York Federal Credit Union has been teaching thousands of area students for years to save their money through its KID$ (Keep Investing Dollars Savings) Program. To celebrate the students’ success, the credit union randomly selected a school banker to be treated like a millionaire. As the Millionaire for the Day, Kaitlyn Wood and her classmates will be treated to cider and doughnuts just prior to dismissal. In addition, Kaitlyn and five of her friends will be picked up from Radez Elementary School at dismissal when they will be treated to a limousine ride to First New York Federal Credit Union’s Cobleskill branch at 795 East Main Street. There they will meet credit union president/CEO, Lucy Halstead and branch assistant manager, Julie Soard, receive a personal tour of the credit union, be gifted with surprise-filled back packs, treated to ice cream, then be driven home by limousine at the end of the day.
Kaitlyn, like many other students at Radez Elementary School make deposits each week from money they have earned by doing chores, receiving allowance and birthday money. Some students deposit money into their savings account from the soda bottles they help return, while others often find money on the ground.
“It is important that young children learn that making deposits every week and saving their money will enable them to purchase what they need, and later what they want,” commented Carol Valenza, V.P. of Marketing for First New York Federal Credit Union. “This is one of life’s most important skills to understand and have, and when young children are actively involved in saving money they will grow to become better money managers as adults,” stated Valenza.
First New York Federal Credit Union was founded in 1937 as Schenectady Teachers Federal Credit Union and operates six full-service branches throughout the greater Capital Region. The credit union offers traditional financial products found at many financial institutions including checking and savings accounts, credit and debit cards, share certificates and money market accounts, auto and personal loans, mortgages and home equity loans and commercial deposit and loan accounts. First New York Federal Credit Union also operates five in-school branches run by trained student tellers at Albany, Mohonasen, Schenectady, Schoharie and Scotia-Glenville High Schools.
