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.
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.
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.
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.
This year Wave awarded scholarships in two categories...our regular scholarship category and a business scholarship category. The business scholarship program recognized two Toll Gate (Warwick, RI) high school seniors, Kayla Lopes and Colin Stamps, pursuing business degrees and who participated as part of Wave's yearlong CU4 Reality Financial Literacy Program and Fair.
(Front row, left to right) Paul Archambault, Personal Finance Teacher William Aquilante, Kayla Lopes, Branch Manager Gail Tattersall. (Back row, left to right) Colin Stamps, Personal Finance Teacher Laurie Mockler, Department Chair Kenneth Castellone, Toll Gate Principal Stephen Chrabaszez and Branch Manager Carol A. Felingiere.
The regular scholarship program selection process considered financial need, grades, a personal essay plus extracurricular/community activities. The business scholarships were awarded at a special event held at Toll Gate High School while the regular scholarships were presented at a ceremony held at Wave's headquarters.
Shown from left to right: Matthew Hermenau, Paul Archambault, Brooke Amerantes and Jacob Dinerman. Other winners were Matthew Morris and Mariely Jimenez.