News

Published:

October 9, 2019
 

Jovia Financial Credit Union Awards Adelphi a Grant to Advance Financial Literacy, Student Consulting


Jovia Financial Credit Union has awarded Adelphi University a three-year, $135,000 grant to support a financial literacy program as well as student consulting projects.

The Jovia Financial Literacy Program at Adelphi will provide on-campus training to help students, faculty, staff and members of the larger community strengthen their short-term and long-term financial security. Adelphi students who receive the training will then have the opportunity to provide financial literacy training to high school students across Long Island.

“Nothing speaks to our heritage more than supporting education at every level, and this partnership with our neighbors at Adelphi underscores our commitment to not only expanding the financial literacy of area students and faculty, but ultimately helping strengthen their financial security moving forward,” said John Deieso, president and CEO of Jovia Financial Credit Union, which recently changed its name from NEFCU (Nassau Educators Federal Credit Union). “We’re excited to work with Adelphi on making a difference across the Island.”

The first Jovia Financial Credit Union/Adelphi Financial Literacy Workshop for students will take place on campus on Wednesday, October 9. Jovia CEO Deieso, himself an Adelphi graduate, will be the featured speaker in a workshop led by Ganesh Pandit, DBA, associate professor of accounting and law at Adelphi. The program will provide about 50 participating students with the basic knowledge and skills for managing their money effectively and building a foundation for sound financial health. A similar workshop will be run for Adelphi faculty and staff on Friday, October 18.

“We live in a world of unlimited wants and limited means to fulfill those wants,” Dr. Pandit said. “In such times, it is important for everybody, and especially the young people, to educate themselves about how to use their monetary resources effectively, save and invest wisely, stay away from unnecessary debt and create a good credit history, and build a solid foundation for a secure financial future.”

The grant also supports Adelphi student consulting projects and student participation in a Jovia advisory council related to banking preferences of Generation Z and millennials. As an Adelphi strategic corporate partner, Jovia has recently supported Adelphi’s President’s Gala and the Spirit Weekend 5K Race and Kids Fun Run.

“Jovia’s support is a superb example of a win-win partnership between academic institutions and business organizations,” said Rajib Sanyal, PhD, dean of Adelphi’s Robert B. Willumstad School of Business. “Combining Jovia’s expertise in the financial industry and their presence in Long Island with the Willumstad business school’s enviable reputation for its faculty and its commitment to student success enables us to provide relevant and vital education on money to the community that both of us serve. We look forward to an enduring and innovative relationship.”

For more about how other organizations can explore ways to work with Adelphi, contact Suzanne Farrell, executive director of grants and advancement analytics, at 516.877.3155 or sfarrell@adelphi.edu.

 

Want to read more stories like this?

 
More Adelphi News

About Adelphi: A modern metropolitan university with a personalized approach to higher learning.

Adelphi University, New York, is a highly awarded, nationally ranked, powerfully connected doctoral research university dedicated to transforming students’ lives through small classes with world-class faculty, hands-on learning and innovative ways to support academic and career success. Adelphi offers exceptional liberal arts and sciences programs and professional training, with particular strength in our Core Four—Arts and Humanities, STEM and Social Sciences, the Business and Education Professions, and Health and Wellness.

Recognized as a Best College by U.S. News & World Report, Adelphi is Long Island’s oldest private coeducational university. It serves more than 8,100 students at its beautiful main campus in Garden City, New York—just 23 miles from New York City’s cultural and internship opportunities—and at dynamic learning hubs in Manhattan, the Hudson Valley and Suffolk County, as well as online.

More than 115,000 Adelphi graduates have gained the skills to thrive professionally as active, engaged citizens, making their mark on the University, their communities and the world.


For further information, please contact:

Taylor Damian
Associate Director for Media Relations 
p – 516.877.4040
e – tdamian@adelphi.edu