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.