PHILADELPHIA--(BUSINESS WIRE)--Philadelphia Federal Credit Union (PFCU) today announced an art competition that will challenge students to submit a work of art that depicts their “dream” and then describe how they plan to save enough money to make that dream possible. Open to Philadelphia-area 3rd, 4th and 5th graders, PFCU’s “Back-to-Savings Art Contest” is designed to teach children the importance of saving money at a young age. Winners of the contest will receive school supplies for their entire classroom ($250 value) along with a personal $100 savings account. The deadline to submit entries is October 19, 2012.
“Parents understand that saving can be difficult, and the goal of this contest is to provide children with a lesson that good financial planning habits begin when you’re young,” said Dominique Jenkins, Financial Educator at Philadelphia Federal Credit Union. “If we focus on making the idea of saving money fun at first, we’ll be in a much better position to introduce more sophisticated saving strategies later in life. Young people tend to be very visual learners, and we hope that by combining art and finance we’ll be able to instill a sense of responsibility that will serve them well as they get older.”
All Philadelphia-area students in grades 3-5 are eligible to participate, regardless of membership at PFCU. Once all entries are submitted on October 19, 2012, a special committee will select three finalists in two separate categories – (1) the children of PFCU members/non-members, and (2) the children of PFCU employees. On November 1, 2012, the artwork from the six finalists will be posted on the PFCU website for the public to vote on through November 15, 2012. The winner in each category will be announced on November 16, 2012, on PFCU’s Facebook page.
“We’ve been an active participant in the Philadelphia area for more than 60 years and are proud of the work we’ve done to impact the local community,” said James McAneney, President and CEO of Philadelphia Federal Credit Union. “This contest will not only teach young people valuable life-changing skills, it will also help support the Philadelphia area school systems by providing supplies to two lucky winners’ classrooms. As we view the artwork, we can’t help but be reminded that the future of our community is literally in the hands of our children and we can’t wait to see what they create.”
To enter PFCU’s “Back-to-Savings Art Contest,” read the complete rules and download the Official Contest Entry Form, visit www.pfcu.com/backtosavings. Entries must be mailed to PFCU’s Operations Center (Attention: Marketing Department 12800 Townsend Road, Philadelphia, PA 19154) or delivered to one of the nine PFCU branches no later than October 19, 2012.
For more information, or to hear about other work PFCU is doing in the Philadelphia area, please visit, http://bit.ly/O73rAd.
About Philadelphia Federal Credit Union
Founded in 1951, PFCU is a member-owned, not-for-profit, financial institution serving Philadelphia and Columbia County. PFCU is among the top five credit unions in the Greater Philadelphia area with nine branch locations, more than $819 million in assets, 105,000 members and 400 Select Employee Groups (SEGs). PFCU returns its profits to members in the form of higher dividend rates, lower loan rates, better services, and investment in the community. For more information, visit www.pfcu.com and connect with PFCU on Facebook and Twitter.