MSUFCU Provides One High School Senior With “Cash for the Bash”
Joyce M Banish
VP of University and Community
East Lansing, MI… To encourage their teen members to think of new and unique ways of cutting back how much is spent on prom night, Michigan State University Federal Credit Union kicked off their “Cash for the Bash” contest. This financially related contest asked area high school juniors and seniors to explain how they are reducing the cost of going to the prom.
Student essays and videos showed that many had similar ideas about cutting back on their spending. Using the family car instead of renting limos along with potluck dinners at home were common trends. One teen is having her grandmother make her dress while another is cooking a homemade dinner for his date rather than opting for the expense of dinner out. Students are learning that they have a choice in how they choose to spend their money.
“The essays and videos submitted were truly heartfelt,” commented Pat McPharlin, President/CEO. “We are all aware that the economy has tightened many families’ wallets, and the essentials for prom may not be what they once were. This contest allowed us to partner with local businesses to provide one lucky teenager with a fantastic prom package.”
Alexis Cavazos-Kottke from Waverly High School submitted the winning essay. She wrote, “My mother will ask to borrow jewelry from her friends and make my corsage by hand. She has always said that before you walk out of the house you should look like a million dollars, and she makes me feel that way everyday.” What mother could ask for a more wonderful sentiment?
Alexis will receive a prom dress from Lett’s Bridal and Formal, dinner for two at PF Changs in Eastwood Towne Center, boutonniere and corsage from Addy’s Floral, and $250 deposited to her savings from MSU Federal Credit Union.
MSUFCU has youth accounts for their youngest of members through their teen years.
The MSU Federal Credit Union, founded in 1937 by a handful of University employees of what was then the Michigan State Agricultural College, has grown to be the world’s largest university-based credit union serving the MSU Community with a full-range of personal and business accounts. MSU Federal Credit Union offers a sophisticated online transaction service and more surcharge-free ATMs in the local area than any other institution. It has $1.82 billion in assets and 153,000 worldwide members.