Contest helps participants become savvy with personal finances
NORTH HAVEN, CT (October 19, 2015) — On Wednesday, Oct. 14, five Connecticut residents celebrated the culmination of a six month “financial education” journey. Various levels of prizes were awarded to the contestants for their participation in the ConneXfactor financial “fitness” challenge. Connex Credit Union awarded Nicholas Matteis, a North Haven resident and junior at Southern Connecticut State University, with the top prize of $3,000 for his participation in the second annual ConneXfactor competition.
ConneXfactor is a contest where five Connex Credit Union members competed to see who can improve their financial situation the most by setting and meeting specific goals. Each participant was assigned a dedicated Financial Advocate or “coach” who provided financial tips and techniques to improve personal finances. Their successes were documented and closely monitored for the entire contest. A panel of judges reviewed each contestant’s progress to determine the winners.
“I am ecstatic that I won,” said Nicholas Matteis. “However, what is most important is that ConneXfactor taught me how to be more thoughtful and wiser with my personal finances. Working together with Connex, I was able to stick to a new budget plan, prioritize my finances, create an emergency savings account and ultimately reduce my debt. This contest was a life-changing opportunity that really helped put me in a better place.”
Nicholas was presented with an oversized check for the grand prize of $3,000 at the recognition ceremony held at Connex’s branch in Orange, Connecticut. The first prize winner was Frances Blue from Hamden who received $1,000, Stephanie Sands from Orange took home second prize with $500.
“I congratulate Nicholas, Frances and Stephanie on a job well done,” said Frank Mancini, president and chief executive officer, Connex Credit Union. “I am very pleased that we were able to help each of the participating families in the competition create a path to a better financial future. ConneXfactor is a prime example of our customer advocacy program and commitment to helping our members achieve a better economic situation. In this competition, every participant is a winner as they all walk away with a wealth of knowledge that will vastly improve their financial futures”
Connex Credit Union encourages all of its members and non-members to visit the Connex website for financial tools, savings tips and other financial resources at www.connexcu.org. Financial Advocates are available in each branch to assist members in identifying and achieving their financial goals.
Photo caption: ConneXfactor second prize winner Stephanie Sands; ConneXfactor first prize winner Frances Blue; ConneXfactor grand prize winner Nicholas Matteis.
About Connex Credit Union
As the Unbank, Connex Credit Union is one of Connecticut’s largest credit unions serving more than 55,000 members at eight branches. Headquartered in North Haven, Connecticut, Connex is a full-service credit union that offers members a full-range of financial services and products. Membership is open to anyone who lives, works, attends school or worships in New Haven, Hartford, Middlesex or Fairfield counties. For more information, please call 1-800-CR-UNION or visit connexcu.org.