Each year Wave awards $500 scholarships to full-time undergraduate college students and high school seniors. Winners are chosen following an extensive application process based on a 250-word essay, academic credentials and community involvement. Congratulations to these hard working students!
Shown left to right: Megan Hayward, Gianna Costantino and Sara Iacono
Not shown: Sean Morris and Madison Kelly
Just Ducky...Wave doubles Pawcatuck River Duck Race winnings in gift to Greater Westerly-Pawcatuck Area Chamber of Commerce.
One of the major fundraisers in the Westerly area is the Pawcatuck River Duck Race. Numbered plastic ducks (approximately 20,000) are sold and the ducks are dumped ceremoniously into the Pawcatuck River for a race to the finish line. Proceeds from the race benefit the Greater Westerly-Pawcatuck Area Chamber of Commerce as well as dozens of local schools and non-profits, which sell ducks to raise money for their organizations.
Wave purchased a "corporate" duck and "rode the Wave" to win the $1,500 first prize in that category. It then doubled the amount and returned it to the Chamber, along with monies collected during a special branch "Bring Back the Beach" drive.
Thanks to all who participated in our recent blood drive at Wave's Corporate Headquarters. The turnout was excellent and the results much appreciated by the Rhode Island Blood Center. Summer is typically a slow time for blood donations so thanks again!
For the second year in a row, students from Warwick, RI's Toll Gate High School participated in a CU4 Reality Financial Literacy Fair sponsored by Wave and held at the Radisson Hotel Providence Airport. During the Fair, students interacted with Wave representatives and area businesses as consumers with a career and monthly salary. The Fair allowed students to apply the knowledge they gained during the school year on managing their personal finances and budgeting. They experienced firsthand the realities of making ends meet monthly for expenses such as food, clothing, housing, utilities, transportation and other consumer temptations. As a result they gained a better understanding of the importance of making wise financial decisions.
Also at the fair, Warwick, RI Mayor Scott Avidesian presented a proclamation to Wave and Toll Gate High school celebrating Toll Gate High School Financial Literacy Day in Warwick.
Wave was a participant at the recent Rhode to Success Summit which brought together nearly 600 real estate agents from around the Ocean State and throughout Southern New England for a day filled with valuable content, practical information and useful marketing insights.
Attendees from around the state took part in Wave’s second annual Home Buyer Expo held recently at the Credit Union’s headquarters. The Expo consisted of 30-minute group discussions on the half-hour from experts covering the topics of qualifying for a mortgage in today’s world, credit and credit scoring and closing costs and title insurance. In addition there were a number of exhibits including a special real estate area where topics such as affording your new home, first time home buying, selling your home and RI Housing were discussed. Other exhibits covered cover credit, closing facts and figures, inspections, appraisals and homeowner’s insurance.
As part of our financial literacy program, Wave has developed partnerships with Toll Gate High School and Winman Junior High School, both in Warwick, RI, to teach the students how to effectively manage their personal finances. Seventy-five Toll Gate students meet with Wave representatives on a monthly basis to review topics such as careers, savings, checking/debit cards, financial planning, credit and loans, budgeting and other important financial matters. At Winman there are over two hundred and fifty students learning banking basics through quarterly workshops presented by the credit union. The response to this program has been very positive, and we hope to expand it to other area schools in the future.
As part of a 3-part “Out from Under” series celebrating Senior Center Month at the Pilgrim Senior Center, Warwick, Wave recently presented a comprehensive Identity Theft Workshop. It offered valuable tips as well as a folder with helpful forms, brochures and checklists. The workshop drew quite the crowd of interested Senior Center members and guests.