PITTSFIELD, Maine — Sebasticook Valley Federal Credit Union has officially opened the doors to its new Pittsfield branch with the "School's Out – Summer Savings Spectacular."

Pittsfield Mayor Timothy Nichols was on hand for an official ribbon cutting ceremony, and representatives from the Pittsfield Recreation Department also attended to accept a $500 donation from the credit union. The donation will be used towards the purchase of playground equipment for Hawthorn Park, which the recreation department is currently renovating.

Also highlighting the event was a special appearance by Portland Pirate's Mascot "Salty Pete," and a variety of fun "kids" activities including a clown, a moonwalk, a cashcube, hotdogs, popcorn and cotton candy, and special prizes and giveaways. One lucky attendee also won a new Nintendo Wii video game system.

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"The Grand Opening Event was a great opportunity to connect with the community and showcase our new location," said , Sebasticook Valley FCU President Jim Lemieux. "We were thrilled to have such a great turnout, as well as sign up so many new members for our new youth savings club."

The "School's Out – Summer Savings Spectacular" featured the introduction of the exciting new "Young Bucks Savings Club" for kids age 12 and under. A fun, new way for kids to learn about banking and money management, the program enables kids to have their own savings account and membership club that can be fun and rewarding. All children who attended the event were encouraged to register for the club, and those that opened an account with a $10 deposit were given an extra $5 from the SVFCU, giving all new members a $15 starting account balance.

Club benefits include prizes and rewards for regular deposits, a monthly club newsletter, a free learning book on money and savings, and access to Googolplex, a special credit union Web site designed to help young people learn about managing money.

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