Recognition Round-Up: SCFCU recognized by NYIB

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Southern Chautauqua FCU in Lakewood was recently recognized in two categories by the National Youth Involvement Board for their efforts during the 2017-2018 school year. Under the leadership of Charlene Austin, director of financial education, SCFCU was awarded the highest number of presentations by an individual and second highest number of students reached in the less than $150 million asset category.

According to John Felton, CEO of SCFCU, “Southern Chautauqua FCU is committed to building a strong financial future for the children living in Chautauqua County.” Through its Kids’ Credit Union program, SCFCU provided 405 financial education presentations to elementary and middle school students during the 2017-2018 school year alone.

Since its inception in 2004, The Kids’ Credit Union program has grown to include nine school districts throughout Chautauqua County. Currently, there are over 1,200 members, with over $520,000 in deposits and $752,000 in share certificates. SCFCU’s in-school program begins in second grade with savings goals for each academic year and a monthly education lesson. Children who join the KCU by second grade and meet all savings goals will graduate with $10,000.

“We are thrilled to have received recognition from the NYIB in two categories and are extremely proud of the success of the Kids’ Credit Union program,” said Candace Peterson-White, director of community development at SCFCU. The unique structure of the KCU savings plan allows participants to see exactly how their money will grow until their graduation from high school.”

About Recognition Round-Up
Credit unions and credit union leaders receiving a significant local, state or national award are encouraged to email for recognition in The Point and on the Association’s Facebook page. Photos and related press releases may also be attached with the email.

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