It seems like just yesterday but 50 years ago Family First opened for business in the home of Penfield teacher Dick Denison. The Penfield Central Federal Credit Union (as it was known then) was charted to serve those who worked at the Penfield Central School District. A lot has happened in the last 50 years, and we're proud to say we still serve the community with that same spirit as our founders did.
During 2019 we're going to be having events and product specials to celebrate this milestone and we hope you'll be able to take part.
We thought it might be interesting to look back at what life was like in 1969 when the credit union opened. Here' are some fun facts to think about:
- Gas was $0.33 a gallon
- The average new car cost $2,000
- Minimum wage was $1.60
- A loaf of bread was $0.23
- A postage stamp was $0.06
- A dozen eggs cost $0.62
These things happened in April 1969 (stay tuned - we'll update this monthly)
- Dr. Denton Cooley implants the first temporary artificial heart at St. Luke's Episcopal Hospital in Houston.
- The Montreal Expos started off their first season. They were the first Major League Baseball team outside of the United States.
- Robin Knox-Johnston became the first person to sail around the world alone and without taking on supplies or approaching land.
- Actor Paul Rudd is born in New Jersey.
- John Lennon of the Beatles officially changed his name to "John Oko Lennon".
- The first mortgage backed security was issued for sale by the Government National Mortgage Association, known as "Ginny Mae".
- Actress Renee Zellweger is born in Katy, Texan
- Duke Ellington was awarded the Presidential Medal of Freedom by President Richard Nixon.