Listen to this articleOceanside-based Ocean Financial Credit Union opened its first mini branch, which is located at Molloy University in Rockville Centre.
Opened last week, the branch is designed to support both students and employees who have accounts with the credit union. With its partnership at the university, Ocean Financial, which has more than $383 million in assets, also aims to educate students about financial literacy.
“We’re very focused on financial education and it’s a great opportunity for us to start to educate some of the students very early in their lives to be able to get on the path to financial well-being,” Joe Tedesco, president and CEO of Ocean Financial, said in a news release about the mini branch.
“There’s nothing better than being part of the community and so I consider this branch to be part of the community,” he added. “It’s an opportunity to sit down face to face with students to give them the education and the answers to the financial questions they have.”
At the ribbon-cutting, Ocean Financial also announced a $5,000 donation to Molloy’s Giving Tuesday campaign to support the university’s Student Success Fund. The fund is designed to give students the support they need to complete their education, address any unexpected challenges that may stand in their way, or both.
The credit union is in its second year of a five-year commitment of $500,000 at Molloy, in support of general scholarships, internships and student programs.
The commitment from Ocean Financial has “helped support students through scholarships and other programs, and we are grateful,” James Lentini, president of Molloy University, said in the news release.