"Penny War" Declared at East Moriches Middle School Brings New Mosaic to Entrance & Reminder on Importance of Value of Money

Hauppauge, N.Y./East Moriches, N.Y.; May 27, 2016 – Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, recently supported a “Penny War” held at the East Moriches Middle School. The object of a Penny War is to collect as many points as possible with one point awarded for every penny collected. The students conducted this fundraising drive to raise money for a mosaic that now hangs in the entrance hall of the school.

“A Penny War generates a healthy competitive spirit among students. This program at East Moriches Middle School taught students that enough pennies will add up to a substantial amount of money. The mosaic is a colorful and impressive addition to the school and TFCU is pleased to contribute to its placement at the entrance where it will stand as a constant reminder to young people about the importance of understanding the value of money,” said Robert G. Allen, TFCU President/CEO.

The students got into the spirit and, in one week’s time, raised over $3,600. TFCU recognized the students for their efforts and added $1,000, the maximum agreed upon match to the total raised by the students.

During a ceremony at the school, the mosaic was revealed by East Moriches Middle School Principal Mike Carlson. At this event he accepted the $1,000 check on behalf of the school from Suzanne Gillan, TFCU Wading River Financial Services Manager.

Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, is a full-service, not-for-profit financial institution. TFCU was founded on Long Island in 1952 and now has over $5 billion in total assets, serves more than 250,000 members and has 25 full-service branches throughout Long Island including: Amityville, Bay Shore, Brookhaven National Laboratory, Central Islip, Commack, East Northport, Farmingville, Hauppauge, Holbrook, Huntington, Manorville, Merrick, Nesconset, North Babylon, North Massapequa, Oakdale, Patchogue, Port Jefferson Station, Riverhead, Rocky Point, Selden, Shirley, Smithtown, South Setauket, and Wading River. Members also have access to services at more than 5,000 shared service centers located across the country. TFCU offers financial services to all people and businesses located in Nassau and Suffolk counties. More information is available about TFCU by visiting www.teachersfcu.org or by calling (631) 698-7000.

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PHOTO CAPTION: Pictured from left to right in front of the new mosaic at the East Moriches Middle School made possible by a “Penny War” program recently supported by Teachers Federal Credit Union that was conducted at the school and among its students are East Moriches Middle School Principal Mike Carlson and TFCU’s Wading River Financial Services Manager Suzanne Gillan.