First Financial Foundation names Kelsey Quinn of Howell winner of 2016 Erma Dorrer Literary Scholarship

FREEHOLD, NJ (August 10, 2016) — The First Financial Federal Credit Union Foundation ( awarded a $500 scholarship to Kelsey Quinn of Howell, a senior who recently graduated from Freehold High School. She will be attending High Point University (High Point, NC) in the fall.

In order to qualify for this year’s scholarship, high school seniors attending school in Monmouth or Ocean Counties were given the option to submit a written essay or create a 60 second video clip. The students must also be attending an accredited 2 or 4 year college or university in the fall of 2016. Four winners were selected to receive a $500 First Financial Foundation 2016 Erma Dorrer Literary Scholarship.

This year’s essay topic: You and a friend decide that you would like to start building credit. Discuss with your friend what good credit is, ways to start building credit, how your credit union can help, and the benefits earned by having good credit.

The year’s video topic: Create a 60-second video that covers the importance of financial literacy.

Quinn constructed a thoughtful essay, beginning with the importance of having a good credit score, the need for having the basic knowledge for creating a good score, and the commitment to be responsible with credit. She included ways to build credit with a secured credit card, a credit builder loan, or to have a co-signer for an unsecured credit card. She stated, “Credit, in the long run, can have a big impact on your life. It can decide whether you get to rent that beautiful apartment that you want, or whether you can get your dream car. There are many things that your credit score controls, and having a good one can make your life a lot easier..”

“We are thrilled to be able to aid these admirable and bright young students in their journey of success and education,” said First Financial President and CEO, Issa Stephan. “Our credit union puts a high priority on education. After all, that’s how First Financial began 80 years ago – with a group of schoolteachers in Asbury Park.”

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About First Financial Foundation (NJ)

Since 1994, First Financial has supported the Monmouth & Ocean communities with the Erma Dorrer Scholarship Program. Today, that program has been extended into the First Financial Foundation to assist charitable organizations of the Monmouth & Ocean County Communities.  The First Financial Federal Credit Union Foundation is a non-profit working to support a variety of community programs and organizations throughout Monmouth and Ocean Counties.  We direct 100% of your contributions to programs because all administrative expenses are paid for by First Financial Federal Credit Union.  To learn more, visit


Nicole Baniowski
First Financial Foundation
732-312-1472 (Office)
732-312-1490 (Fax)

Jessica Tortorice
VP of Marketing and Business Development
First Financial Foundation

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