The Financial Service Centers of New York (FSCNY) today held its Eighteenth Annual Conference & Exposition at which it announced its annual scholarship award winners. The FSCNY/MoneyGram International Scholarship Program recognizes New York City area high school students for their academic achievements and community service.
This year, 16 students received scholarships with a total value of $43,500; the grand prize was $7,500. Since the program’s inception in 1996, the FSCNY college scholarship program has helped 236 deserving students attend Ivy League and other selective universities and colleges. In total, $511,500 in college scholarships has been awarded.
The all-day Annual Conference included an address by Jonathan Mintz, Commissioner, New York City Department of Consumer Affairs, a panel discussion on the role of alternative financial service providers in serving the underbanked & unbanked, and a vendor showcase featuring more than forty industry vendors with their latest products and services.
The conference highlight was the luncheon. First, U.S. Congresswoman Carolyn Maloney (D-NY) addressed the luncheon. Then New York City Councilman Mathieu Eugene took part in a check presentation at which representatives of FSCNY and the Western Union Foundation gave Eugene a check for almost $300,000 which was donated to Save the Children for Haiti relief. The money was raised from check cashers throughout the state and matched by the Western Union Foundation in response to the January earthquake that devastated Haiti.
Sanford Herman, Chairman of FSCNY’s Scholarship Committee then presented the winners of the 2010 scholarships. Now in its 15th year, FSCNY awards one-time cash grants to New York State high school seniors who meet the following selection criteria:
1. Commitment to community service
2. Perseverance in the face of significant obstacles
3. Display leadership skills in school
4. Academic achievement
“FSCNY members believe that education is the key to success,” said Herman. “FSCNY members find themselves in a fortunate situation to be able to assist intelligent, hard working students reach their dreams of going to college. We honor them and wish them luck in their future endeavors.”
Winners of the 2010 FSCNY/MoneyGram International scholarships include:
The Financial Service Centers of New York is the industry’s leading voice on legislative, regulatory and business issues and the leading advocate for the rights of consumers to access basic financial services in New York. The New York check cashing industry consists of approximately 700 check cashing locations, which employ nearly 4,000 New York residents. The industry annually cashes more than 30 million checks with a face value of nearly $15 billion. New York has the second-lowest check cashing fee in the nation at 1.83%.
Photo caption (left to right):
Juan Melendez, Vice President MoneyGram International
Jason R. Chaves – Kings Park HS (Suffolk)
Luisa Garcia – Francis Lewis HS (Queens)
Stephanie Weiner – John F. Kennedy HS (Nassau)
Jona Cano – Bronx HS of Science
Anyela Perez Garcia – HS Law & Public Service (Bronx)
Sandy Herman, Chairman of FSCNY’s Scholarship Committee