First New York Federal Credit Union student-run branch to open at Mohonasen High School
ROTTERDAM, NY (November 30, 2023) — First New York Federal Credit Union will open a new student-run branch at Mohonasen High School. It will be called the Legacy Branch, a name selected by Mohonasen students.
Members of the media and dignitaries are invited to attend a grand opening event at Mohonasen HS on Thursday, December 7, at 10 AM.
Mohonasen is the third high school in the Capital Region to participate in First New York’s In-School Branch Program. The Patriot Branch at Schenectady HS is in its 19th year of operation, and the Spartan Branch at Burnt Hills-Ballston Lake HS is in its second year.
“School banking through First New York Federal Credit Union supports students as they become financially literate which is an attribute of the Portrait of a Mohonasen Graduate,” said Laurel Logan-King, Mohonasen’s Assistant Superintendent for Curriculum and Instruction.
“We are thrilled to partner with First New York and re-establish what was once a highly successful, school-based bank branch,” said Craig Chandler, Principal of Mohonasen High School. “I know that the combination of the amazing crew from First New York and the enthusiasm of our staff and students, it will be a success.”
Through this invaluable experience, Mohonasen high school students will have a safe environment to volunteer as a Teller, transact, and earn rewards for their saving efforts. The Legacy Branch will be staffed by student volunteers who will provide banking services to their school district, staff, and colleagues. Functioning as Tellers, these student volunteers will gain hands on working experience while receiving opportunities to learn financial marketing and new account sales fundamentals. This experience will assist them in their higher education goals and future employment opportunities, and financial literacy.
If you’re interested in joining First New York’s KIDS Banking Program, please contact Senior Membership Development Officer Michelle LaVoy at michelle.lavoy@firstneyork.org or (518) 393-1326, ext. 1802.
About First New York Federal Credit Union
First New York Federal Credit Union is a full-service not-for-profit financial cooperative providing banking and lending services to consumers and businesses in the Capital Region. First New York offers a full suite of financial services including checking and savings accounts, mobile and online banking, home and auto loans, credit cards, commercial lending and investment services. First New York has over $473 million in assets and serves 35,000+ members. The credit union has eight full-service branches in Albany, Cobleskill, Glenville, Halfmoon, Niskayuna, North Greenbush, Rotterdam, and Saratoga, and scholastic branches in Schenectady, Burnt Hills-Ballston Lake and Mohonasen High Schools. Members can also access 5,600+ shared branch locations and 30,000+ fee-free ITM/ATMs nationwide.
