SUNY Old Westbury Student Adan Velasquez of Huntington Awarded Nicholas Maletta Memorial Scholarship from TFCU

Huntington, N.Y., October 11, 2016 – Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, presented one of two $5,000 Nicholas Maletta Memorial Scholarship Awards to SUNY Old Westbury Student Adan Velasquez of Huntington, a senior majoring in finance who is a graduate of John Glenn High School. The scholarship reflects TFCU’s ongoing efforts to provide support and encouragement to a local student within the communities it serves.

Nicholas Maletta, for whom this scholarship is named, began serving on TFCU’s Board of Directors in 1983. In 1991 he was elected Vice Chairman, a position he held until his passing in 2012. In recognition of his 29 years of selfless volunteer work, the $5,000 Nicholas Maletta Memorial Scholarship Award was established for a student who has graduated from a Long Island high school and who is enrolled in SUNY Old Westbury’s School of Business.

“Adan is a worthy recipient of the TFCU Nicholas Maletta Scholarship Award. Now a senior, I am sure Adan is working diligently to complete his course work to earn his graduate degree. We, at TFCU, celebrate Adan’s academic accomplishments and wish him well as he pursues his career in business and finance,” said Robert G. Allen, President/CEO of TFCU.

SUNY Old Westbury students applying for the Nicholas Maletta Memorial Scholarship must be enrolled in a degree program of the School of Business and meet other criteria. Applicants must submit an original essay of a minimum of 500 words describing the most challenging obstacle they have faced, what they did to overcome it, and what they have learned from the experience.

For information about Teachers Federal Credit Union community outreach and its products and services, please call (631) 698-7000 or visit www.teachersfcu.org

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 265,000 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 is SUNY Old Westbury School of Business Student Adan Velasquez of Huntington, who was recently awarded the $5,000 Nicholas Maletta Memorial Scholarship, being congratulated by TFCU President/CEO Robert G. Allen. The educational scholarship reflects TFCU’s ongoing efforts to provide support and encouragement to local students within the communities it serves.