River City Federal Credit Union and SA Youth partner to make financial futures brighter
SAN ANTONIO, TX (July 12, 2019) — It is no secret that the youth of our community face many challenges. By partnering, River City FCU and SA Youth, hope to alleviate some of those challenges by opening a savings account for them. Studies show that a child that has a savings account is three times as likely to attend college or other post-high school programs, and four times as likely to graduate. By encouraging savings at a young age, we can help the family set up their children for a bright financial future!
River City FCU’s President and CEO, Jeff Ivey said, “We’re thrilled to be in a partnership with SA Youth. This effort will enable us to help more families in our community to start saving for their children’s future, and also allow us to help these families save more of their hard-earned money.”
River City FCU presented a sponsorship check to SA Youth that will cover the 2019 Family Engagement Nights at 10 different sites all over the city. During Family Engagement Nights, the River City FCU team is able to meet with the children of the SA Youth program and their parents. Part of the initiative of the Family Engagement Nights is to educate not only the children about money, how to save and how to use money responsibly but also to educate their parents. River City FCU offers the children a way to jump start their saving by funding the first $5 into the account, as well as, offering a higher interest rate on their youth accounts.
“SA Youth is honored to team up with River City Federal Credit Union for our family engagement nights”, CEO Asia Ciaravino said. “This relationship will provide the families we serve with financial literacy coaching that will help break the cycle of predatory cash loan services. “We are excited to welcome River City Federal Credit Union to our family of partners”.
This partnership will help change the financial futures of many of San Antonio’s youth by starting their savings journey at an earlier age and providing them with more financial education along the way. River City FCU believes in the work SA Youth does and is honored to be a part of it!
Many of SA Youth’s Out-of-School Time Program students and their President/CEO, Asia Ciaravino, were presented a check for Family Engagement Nights sponsorship from River City Federal Credit Union’s President/CEO, Jeff Ivey, and Southwest Branch Manager, Monique S. Johnson.
About River City Federal Credit Union
River City Federal Credit Union was established in 1936 and its mission is to provide affordable, sensible financial products and services to everyone regardless of citizenship status. At River City, we are focused on supporting communities that have been historically underserved and are financially vulnerable. Our membership includes people and small businesses who live, work, worship or attend school in Bexar County and includes more than 13,600 members and has more than $149 million in assets. River City FCU is certified by the U.S. Department of the Treasury as a Community Development Financial Institution (CDFI) as well as being designated a Minority Deposit Institution (MDI) and a Juntos Avanzamos credit union. All of River City FCU’s financial products are available to ITIN holders. Member accounts are federally insured by the National Credit Union Administration (NCUA). For more information about River City FCU, visit
https://www.rivercityfcu.org.
About SA Youth
SA Youth empowers San Antonio’s high-risk youth and young adults to achieve their full potential by providing quality educational programming in a safe environment. Our vision is that all San Antonio youth and young adults have equitable access to educational opportunities, graduate from high school, and become successful community-minded adults, regardless of circumstance.
