Five-year, $500,000 effort includes programs for Molloy students and local high school students
Rockville Centre, NY (April 24, 2023) – Ocean Financial Federal Credit Union has pledged $500,000 over a five-year period to Molloy University that will aim to improve the financial literacy of Molloy students. The partnership was announced at Molloy University’s annual “Evening of Entertainment” on Friday, March 31.
“Our mission is to help our community thrive through an effective understanding of their finances so they can support others who need it,” said Joe Tedesco, President and CEO of Ocean Financial Federal Credit Union. “This partnership will increase students’ financial literacy and help them be more confident and comfortable with their financial journey after graduation.”
The sponsorship will support a variety of initiatives:
- Mentoring Latinas Financial Literacy Program: A program specifically designed for Latina students at participating high schools to expose them to university life and engage them in relevant activities, including visits to academic departments, financial workshops, and athletic and cultural events. It also provides financial support to cover the cost of tutoring for Regents and SAT exams and cultural arts. Ocean Financial will provide financial literacy seminars with program participants and family members of Mentoring of Latinas and will be recognized as the principal corporate sponsor.
- Business Graduate Internship Scholarship for Marketing and Communications: An internship created at Ocean Financial where each year, an undergraduate business student (continuing their graduate education in Molloy University’s School of Business) will work at Ocean Financial to support a marketing initiative to engage the Latinx and underrepresented communities in their offerings and products. A stipend for each semester will be allocated to a student for this purpose.
- Corporate Event Sponsorship: Includes sponsorship of key annual corporate events at Molloy University, including the Molloy University Gala, the Molloy Annual Golf Classic, the Molloy University Evening of Entertainment, and the Conversation (Women’s Networking Initiative). This also includes corporate recognition of all pre- and post- publicity for events and printed material, banner display.
- Madison Theatre Box Office Sponsor: Visibility of Ocean Financial logo on Madison Theatre Box Office and in all playbills.
“Molloy’s mission is aligned with Ocean Financial’s, as we both were founded on the Catholic principle of service. Like us, Ocean Financial seeks to help students become successful, contributing members of their communities,” said Edward Thompson, Vice President for Advancement at Molloy University. “This is our largest corporate gift ever and it is fitting that it comes from an institution that is doing such good work for our community.
About Ocean Financial Federal Credit Union
Ocean Financial Federal Credit Union was formed in 1969 by a group of Father Joseph O’Connell Knights of Columbus members looking to provide financial services to Brother Knights and their families. Over the years, the credit union has evolved in name and in field of membership, while maintaining ties to their Catholic roots. Today, Ocean Financial has grown to over $383 million in assets, serving members of the Knights of Columbus in New York State, the Diocese of Rockville Centre, and any Catholic interested in the credit union. Inspired by their Catholic values, Ocean Financial provides exceptional products and services to the Catholic community. The credit union takes pride in having Catholic values you can bank on. Ocean Financial promotes these values through the entire organization, down to the logo. To learn more, visit https://www.oceanfinancial.org
About Molloy University
Molloy University, an independent Catholic University based in Rockville Centre, was founded in 1955 by the Sisters of Saint Dominic in Amityville, NY. The University serves a student population of approximately 4,800 undergraduate and graduate students. Molloy students can earn degrees in a variety of outstanding academic programs, including nursing, business, education, social work, music therapy, computer studies and many more.