SUNY Old Westbury School of Business Students Receive Nicholas Maletta Memorial Scholarships

Teachers Federal Credit Union awards SUNY Old Westbury Student Magdalena Zielinska with the Nicholas Maletta Memorial Scholarship.

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Pictured is TFCU President/CEO Robert G. Allen (center) congratulating School of Business at SUNY Old Westbury Students Alan Velasquez (left) and Magdalena Zielinska (right) on their awarded $5,000 Nicholas Maletta Memorial Scholarships.

Old Westbury, NY - October 11, 2016 - SUNY Old Westbury School of Business Students Adan Velasquez and Magdalena Zielinska were each recently awarded Nicholas Maletta Memorial Scholarships from  Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions.

Reflecting TFCU’s ongoing efforts to provide support and encouragement to local students within the communities it serves, this year’s Nichola Maletta Memorial Scholarships were given to Velazquez of Huntington, a senior, is majoring in finance who is a graduate of John Glenn High School, and Zielinska of Lindenhurst, a sophomore accounting major who is a graduate of Lindenhurst High School.

Nicholas Maletta, for whom this scholarship is named, began serving on TFCU’s Board of Directors in 1983. In 1991 he was elected Vice Chairman, a position he held until his passing in 2012. In recognition of his 29 years of selfless volunteer work, the $5,000 Nicholas Maletta Memorial Scholarship Award was established for students who have graduated from a Long Island high school and who are enrolled in SUNY Old Westbury’s School of Business.

“The recipients of the two TFCU Nicholas Maletta Memorial Scholarship awards are impressive students. They are both on the the road to achieving their educational goals. We, at TFCU, celebrate the academic accomplishments of Adan and Magdalena and wish them well as they prepare for their future careers in the world of business and finance,” said Robert G. Allen, President/CEO of TFCU.

SUNY Old Westbury students applying for the Nicholas Maletta Memorial Scholarship must be enrolled in a degree program of the School of Business and meet other criteria. Applicants must submit an original essay of a minimum of 500 words, on the following: Describe the most challenging obstacle you have faced, what you did to overcome it, and what you have learned from the experience.

For information about Teachers Federal Credit Union community outreach and its products and services, please call (631) 698-7000 or visit

Teachers Federal Credit Union (TFCU), one of the country’s largest credit unions, is a full-service, not-for-profit financial institution.  TFCU was founded on Long Island in 1952 and now has over $5 billion in total assets, serves more than 265,000 members and has 25 full-service branches throughout Long Island including: Amityville, Bay Shore, Brookhaven National Laboratory, Central Islip, Commack, East Northport, Farmingville, Hauppauge, Holbrook, Huntington, Manorville, Merrick, Nesconset, North Babylon, North Massapequa, Oakdale, Patchogue, Port Jefferson Station, Riverhead, Rocky Point, Selden, Shirley, Smithtown, South Setauket, and Wading River. Members also have access to services at more than 5,000 shared service centers located across the country. TFCU offers financial services to all people and businesses located in Nassau and Suffolk counties. More information is available about TFCU by visiting or by calling (631) 698-7000.