The Philadelphia Federal Credit Union, located on Townsend Road in Northeast Philadelphia, recently held its second annual “Back-To-Savings Art Contest” for local 3rd through 5th grade students in the Philadelphia area.
Students were asked to submit a form of work that illustrates their favorite, inexpensive activity and then describe what they like to do with the money saved from the activity. Winners received school supplies for their entire classroom, along with $100 in a PFCU personal savings account.
This year, the art competition expanded past classroom artwork to promote the benefits of saving money and safe spending habits at a young age. PFCU Financial educators also gave presentations in classrooms across Philadelphia to share the importance of saving and financial planning.
PFCU communications specialist, Karen Eavis, feels that PFCU contests such as these contribute to the community and classrooms in more ways than one.
“The contests provide us with the opportunity to visit the neighborhood schools to promote our financial literacy initiatives,” said Eavis. “The contest will not only teach young people important skills that will help them lead a better life but it will also help support the Philadelphia area school systems by providing much-needed school supplies.”
Sarah Ford, a PFCU employee, said this isn’t the first time PFCU has involved itself heavily in community outreach and it won’t be the last. The credit union has future plans to hold similar contests to sustain their personal relationship with the Philadelphia community.
“PFCU is always involved in community events. We have competitions like these to stay connected with the community,” said Ford.