Maspeth Federal Savings (MFS) is now an Official Bank of St. John’s University Athletics, strengthening its visibility and connection across the St. John’s community with basketball game sponsorships and plans to launch an on-campus ATM and cobranded debit card.
“Many of us at Maspeth Federal Savings are St. John's alumni, so this initiative is near and dear to our hearts,” says President & Chief Executive Officer Thomas Rudzewick. “We couldn’t be more excited to partner with the next generation as they make plans for tomorrow, be it starting a business, buying a home, planning a trip or pursuing further education.”
The partnership between these two storied New York institutions began in 2018. MFS has several initiatives reflecting the challenges and values that define young New Yorkers, including their interest in entrepreneurship and environmental, social and governance (ESG). According to NASDAQ, 40% of Gen Zers make financial decisions driven by companies with purpose.
MFS Gen-Z focused programs include:
- Financial literacy seminars to nurture Gen Z’s high entrepreneurial ambitions—more than 70% of people aged 18–24 plan to start a side hustle—and combat the growing amount of financial misinformation targeting youth across social media
- Robust summer internships providing opportunity and education
- Sustainability programs including community Recycling Days and electric vehicle charging stations in MFS parking lots
- A Diversity, Equity and Inclusion committee to effect positive change across the MFS community as well as Bank-On certified products to help ensure access to safe and affordable banking for all
“We are thrilled to expand our partnership with Maspeth Federal Savings and further the connection with our campus and fanbase,” added Kevin Waters, St. John’s Sports Properties General Manager. “We look forward to working with them on their creative approach to our partnership.”
Sponsored games include Sunday, January 29 vs. Georgetown at Madison Square Garden. January’s tipoff marks the 121st meeting of one of the BIG EAST conference’s greatest rivalries between St. John’s and Georgetown. In their last showdown, the Johnnies topped the Hoyas 90-77 in Washington, D.C. An additional sponsored game will be held at Carnesseca Arena on February 18th, 2023 against the Creighton Blue Jays.
Launch dates for the debit card and on-campus ATM, located in the Marillac Dining Hall, will be announced in 2023.
