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December 3, 2015Radez Elementary Student Treated Just Like a Millionaire
Thursday, November 12, Kaitlyn Wood, a fourth grade student at Radez Elementary School in the Cobleskill-Richmondville Central School District was treated 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 enjoyed cider and doughnuts just prior to dismissal. In addition, Kaitlyn and five of her friends were picked up from Radez Elementary School at dismissal for a limousine ride, courtesy of Today’s Limousine, to First New York Federal Credit Union’s Cobleskill branch at 795 East Main Street. There they met credit union president/CEO, Lucy Halstead who gave each child a bag of coins to count and deposit into their accounts. They also received surprise-filled back packs, were treated to ice cream, and were 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.
“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.
