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Ocean Financial Federal Credit Union establishes new scholarship fund for Molloy University business students

$8,000 in Annual Awards to Support Future Leaders Committed to Community Impact

Rockville Centre, NY (October 2, 2025) |

Ocean Financial Federal Credit Union (OFFCU) is proud to announce the establishment of the Ocean Financial Federal Credit Union Business Student Scholarship Fund at Molloy University, a new initiative aimed at supporting the next generation of business leaders with a strong commitment to community and philanthropy.

“These scholarships reflect Ocean Financial’s deep-rooted mission to serve and uplift our communities,” said Joseph Tedesco, President and CEO of Ocean Financial Federal Credit Union. “We’re proud to invest in students who not only pursue excellence in business but also understand the important role financial institutions play in giving back.”

Effective during the 2025-2026 academic year, the scholarship fund will award two $4,000 scholarships annually, for a total of $8,000 per year, to undergraduate students enrolled in Molloy’s School of Business, with a focus on Finance. 

To be considered, applicants must submit an essay addressing the topic:“The Importance of Community Involvement and Philanthropy from a Financial Institution.”

“We are incredibly grateful to Ocean Financial for their generous support of our students,” said James Lentini, President of Molloy University. “This scholarship will help empower future business leaders who are passionate about using their education to create a lasting, positive impact.”

 

credit Ocean Financial Federal Credit Union.

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