X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – Look for Farmingville, New York-based Teachers Federal Credit Union’s youth education efforts in a recent Wall Street Journal article. The $1.9 billion credit union was the only credit union featured alongside such bank heavyweights as Wells Fargo and SunTrust Bank in an article that focused on how financial institutions are reaching out to young savers and spenders from elementary school to high school by opening in-school branches. According to the article , which also included statistics provided by CUNA, TFCU’s in-school branches not only promote financial literacy but can also help build loyalty at an early age. “Students who open accounts with us are more likely to continue with us when they come out of high school,” said TFCU President/CEO Robert Allen in the article. TFCU has recently conducted a four-day financial educational marathon where four of its branch managers made presentations to some 35 Longwood High School classes representing 650 students. “Our commitment to teaching children about handling their money wisely is extended through our in-school credit union branch programs, our ongoing financial education presentations in the schools and through information provided to our members about the importance of teaching our children about the basics of money management,” said TFCU Senior Vice President Marketing/R&D Rosemary A. Nicholls. TFCU has seven in-school branches and in the past year increased its members in the 14 to 18 year old age range by 25% to a total of 7,500.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.