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December 1, 2016First New York Treated a School Banker Just Like a Millionaire on November 18th
On Friday, November 18, 2016, Simon Trbovich, a second-grade student at Charlton Heights Elementary School in the Burnt Hills-Ballston Lake School District, was treated just like a Millionaire for a 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 a Day, Simon Trbovich and his classmates were treated to a pizza party. In addition, Simon and five of his friends were picked up from Charlton Heights Elementary School by limousine, courtesy of Advantage Transit Group, and driven to First New York Federal Credit Union’s Glenville branch at 19 Glenridge Rd. Glenville, NY. There they met credit union President/CEO, Lucy Halstead and branch manager, Ron Schimpf, received a personal tour of the credit union, were gifted with surprise-filled backpacks, treated to ice cream, and then driven home by limousine at the end of the day.
Simon, like many other students at Charlton Heights Elementary School, makes deposits each week from money they have earned by doing chores, receiving an 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 up to become better money managers as adults,” stated Valenza.
First New York Federal Credit Union has been in business for 79 years, offering all the traditional financial products such as mortgages, home equity and auto loans, checking and savings accounts, share certificates, money market accounts, education loans, commercial banking and investments.
First New York FCU is a not-for-profit financial cooperative which serves more than 30,000 members, with assets totaling approximately $296 million. The credit union was originally founded in 1937 as Schenectady Teachers Federal Credit Union, and now has six full service branch locations and operates 3 in-school branch offices, run by student volunteers inside the Schenectady, Mohonasen, Burnt Hills-Ballston Lake and Scotia-Glenville High Schools.
