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Albany, NY – Earlier this spring, SEFCU Board of Directors members Vincent W. Colonno, Philip Fields, Kenneth C. Hahn, Timothy J. Jennings, and Mary Warr-Cowans were all elected to an additional term. This is Philip's first election to a full term after serving in an interim capacity, and Vince, Ken, Tim, and Mary are re-elected incumbents.
Members are being targeted by scammers sending unsolicited messages that appear to be coming from SEFCU. Remember, never provide or verify financial or confidential information when answering unsolicited calls or by clicking a link in an unsolicited email/text. Scammers use these methods to obtain your personal information. If you receive one of these calls, hang up and call the Member Solutions Center at 800-727-3328 to be certain you are speaking with SEFCU.
ALBANY, N.Y. (Dec 22, 2020) – Every week, more than 325 SEFCU employees receive COVID-19 testing as part of a new partnership between the credit union and the University at Albany.
To help keep their employees and members safe, frontline SEFCU employees who are not displaying COVID-19 symptoms are now able to participate in UAlbany’s pooled surveillance testing program which provides a simple and non-invasive way to test the presence of the virus using a saliva sample.
SEFCU’s social media pages/platforms are public and intended to be a fun community page where you can learn about SEFCU, its mission, and events. We invite you to comment, ask questions, or share community events on our wall, however you should never post confidential or private information including, but not limited to, account numbers, addresses, Social Security Numbers, passwords, or any other information deemed private. Please note that we do not endorse, nor are we responsible for the accuracy of the information, opinions, claims, or advice shared by other users.
This summer, SEFCU’s Institute for Financial Well-Being provided free financial education to teens and young adults in more than 15 summer youth programs and summer camps across 10 counties in New York State. The youth employment programs provide teens and young adults an opportunity to gain on-the-job training where they are paid to work approximately 20 hours each week.
It’s human to want each year to be better than the last, but if you’re going to achieve any major improvements – in your health, money, or family life, for instance – there’s no time like right now to lay out a plan for your New Year’s resolution goals. Here are three tips to get a head start.
SEFCU’s Institute for Financial Well-Being provided free financial education to teens and young adults participating in summer youth employment programs across New York State. The youth employment programs provide teens and young adults an opportunity to gain on-the-job training where they work approximately 20 hours per week and are paid for those hours. SEFCU worked with participants in these programs to give them a basic understanding of saving, budgeting, and spending now that they are earning what might be their first paycheck.
SEFCU’s Institute for Financial Well-Being engaged in a new partnership with the Heatly School in Green Island. Over the course of three days, the Institute team visited with the second, fourth, fifth, and sixth grade classes delivering financial education to nearly 60 students.
SEFCU's Institute for Financial Well-Being was honored with the New York Credit Union Association's 2018 Desjardins Youth Financial Education Award, an award created to recognize model credit union efforts to provide personal finance education concepts and skills to individuals under age 18.
Through several summer youth employment programs and camps in the City of Albany, Schenectady County, Syracuse, Buffalo, and Binghamton, SEFCU's team of financial educators will help hundreds of youth understand the importance of financial responsibility and how to achieve it.
SEFCU's Institute for Financial Well-Being is setting the standard for financial education offered by a credit union. This year, our focus is on advancing the model across the state and nationally to assist organizations in providing credible resources to support member groups, community organizations, and individuals' access to financial education.
How will you spend your money in the next few months, or the next year and beyond? It's a good idea to put your goals in writing and create a spending plan that will give you enough money for every day expenses, while helping you save for your goal. Check out five tips for smart spending and saving.
Recently, 50 Russell Sage College students participated in a session called "Understanding and Managing Credit" that helped them understand their attitudes about money and discover a system of prioritizing wants and needs.
SEFCU's Institute for Financial Well-Being had a unique opportunity to exhibit at the Girls World Expo. Offered in partnership with iHeart Media and sponsored by SEFCU, GirlsWorld Expo is a national movement of one-day events for teenage girls. The Albany Expo was diversely designed to connect young women with their community, empowering them to discover their potential and find their best path to personal and professional success.
What can I buy with my first paycheck? Should I open a checking account? Why should I start saving for college, or a car, now? Why is everything I want to buy so expensive? Those are just some of the questions typical teenagers ask as they start thinking about a first job. The concepts of managing money through budgeting, saving, and making wise decisions on spending are often a big unknown for most youth. But, with a direct correlation between financial well-being and success in school, eventual careers, and life, it's important to start understanding these concepts early.
This spring, SEFCU’s Institute for Financial Well-Being facilitated a four-part series of financial education sessions with the youth of Pretty Girls Rock, (PGR) operated by PGR Foundation, Incorporated in Syracuse, with young women ages 11-18.
SEFCU’s Institute for Financial Well-Being recently facilitated impactful, fun, and interactive financial education workshops at Goff Middle School in East Greenbush.
SEFCU’s Institute for Financial Well-Being was invited to provide financial education for the City School District of Albany’s first virtual professional development day.
Students in kindergarten, first, and second grade at Cairo-Durham Elementary School learned about saving, budgeting, and spending through innovative programs offered by SEFCU’s Institute for Financial Well-Being. In addition to the sessions being fun and informative for the students, one teacher commented how well the content aligns with grade-level curriculum.
It’s no secret that getting away can be very expensive when it involves hotel stays, meals out, theme parks, tourist attractions, and other activities. If your vacation checks some of those boxes then read these tips for reducing the financial strain of getting your summer fun in the sun and keeping it “green” with your cash.
During its annual Government Affairs Conference in Washington, D.C. last week, the Credit Union National Association recognized SEFCU’s ongoing effort to deliver free, dynamic financial education to young people with its Desjardins Award for Youth Financial Education in the more than $1 billion in assets category.
SEFCU’s Institute for Financial Well-Being recently facilitated a four-part financial education series with clients at the Women’s Opportunity Center in Syracuse where they touched on a number of financial topics.
The clients, who were 35-70 years old, were active participants in sessions focused on creating a personal spending plan, understanding credit reports and credit scores, finding the meaning of payroll deductions and payroll forms, and developing an effective pay down strategy.