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Horizons Federal Credit Union to Celebrate 80th Anniversary at Annual Meeting

Horizons Federal Credit Union will celebrate its 80th anniversary at its Annual Meeting on Wednesday, April 26th at the Relief Pitcher. Horizons FCU has been commemorating its 80th anniversary with a series of events and activities, with more planned throughout the year, including a year-long social media contest on the company’s Twitter and Facebook pages.

The oldest credit union in the area, Horizons FCU opened its doors in 1937 as Binghamton U.S. Employees Federal Credit Union, originally serving postal employees. In 1972, the credit union changed its name to U.S. Employees Federal Credit Union before expanding its field of membership to include federal employees that lived in Chenango, Cortland, Delaware, Otsego, and Tioga counties.

The credit union underwent a series of mergers in the mid-1980s which again expanded membership to include many police, firefighters, and medical personnel to join. In 1999, the name was again changed to Horizons Federal Credit Union, to better reflect the community and diverse group Horizons serves. Membership was then redefined through a Community Charter as it currently stands – “Anyone who lives, works, worships, or attends school in Broome County can become a member.”

“For 80 years, our staff, management, and board of directors have been committed to providing excellent, professional service to members while also serving and improving this community,” said Mario DiFulvio, President and CEO of Horizons Federal Credit Union since 1990. “It is important to us to carry out the credit union philosophy of ‘People Helping People’ and we feel that we have done that throughout our history and will continue to do so for years to come.”

Horizons FCU was named the Greater Binghamton Chamber of Commerce Corporate Citizen of the Year in 2008 and has won the Credit Union National Association’s Diamond Award for a Community Event, the United Way Chairman’s Award, and is a 10-time winner of the Dora Maxwell Social Responsibility Community Service Award.

Horizons is proud to contribute to and partner with fellow community organizations like the Binghamton Zoo at Ross Park, Safe Streets Association, United Way of Broome County, the American Cancer Society, and the American Heart Association.

Teach Your Little Owls to Fly With Money Talks

GiveaHoot_Logo 1454x613The first step to teaching your kids about money is talking about money.

“The most effective way to teach is by having frequent discussions and don’t ever lecture,” said Ted Beck, president and chief executive of the National Endowment for Financial Education, in a recent Wall Street Journal article. “Look for teachable moments and always be willing to answer questions.”

Unfortunately, this can also be the hardest.

A 2015 T. Rowe Price survey found that 72% of parents experienced at least some reluctance to talk to their kids about financial matters, and 18% were either very or extremely reluctant. The most common reasons given were that the parents didn’t want them to worry about financial matters or thought they were too young to understand.

But on his blog, the personal-finance guru and radio host Dave Ramsey encourages parents to be more open with their kids about money, even their failures. Parents’ biggest regrets are often not saving enough or going into too much debt, wrote Ramsey. Being honest about that in an age-appropriate way, he stated, can be a powerful lesson.

So how to start the talk?

• Ask questions. If you’re going out to eat, talk about the price difference between the options, and ask them which they would choose. If they select the more expensive, talk through what you might have to give up later in the week.

• Make them part of your budgeting. If you’re doing any kind of financial planning for the year, solicit input from your kids. Enlist them in your saving goals—no one watches you more closely than your kids, so they’re natural accountability partners! If you’re uncomfortable revealing too much of your financial picture, you can keep the discussions high level, but involving them makes money less abstract.

• Open a youth savings account at Horizons Federal Credit Union. This is the best way to help them to learn to save for what they find meaningful in life. A lifetime of good savings habits can start now!

Horizons FCU to Host 15th Annual Family Fun Friday

Horizons Federal Credit Union will celebrate its 15th annual Family Fun Friday with a press conference on Friday, August 19th at 12:00 p.m. at the credit unions main office at 120 Main Street in Binghamton.

The award-winning Family Fun Friday provides free, fun and educational activities for children of all ages. This year, the children will enjoy crafts, games, music by Mix 103.3, B-Mets mascots, a visit from the Zoo Mobile, face painting, and a school supply and backpack giveaway and more. Plus free hotdogs, ice-pops, popcorn and drinks will be provided.

In addition to local families, Horizons invites local community groups to participate. This year children from the Binghamton Housing Authority will attend, with transportation provided with the help of BC Transit. Family Fun Friday is also made possible with the generous support of ACCO Brands – Mead® and FiveStar®, Barnes & Noble of Vestal, Binghamton Health Campaign, Binghamton Mets, Binghamton University, Binghamton Zoo at Ross Park, CCE BC Eat Smart New York and last but not least, Huff Ice Cream Co.

In 2011, 2013 and 2015 Horizons won the Dora Maxwell Social Responsibility Community Service Award for its many community efforts as well as three for its Family Fun Friday program. This award recognizes a credit union that goes beyond personal finance education and gives back to members of the community through outreach programs. Over the last 14 years Family Fun Fridays has touched the lives of hundreds of children and families – fulfilling the credit union’s social purpose and inspiring a sense of pride for the community.

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ANNUAL MEETING: WEDNESDAY, OCTOBER 28, 2020 AT 5:30 PM, CALL 607-724-5876 TO GET INFORMATION