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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.

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