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 June 1969 (stay tuned - we'll update this monthly)
- Richard Nixon, after a meeting with South Vietnamese President Nguyen Van Thieu, announces 25,000 American troops will be withdrawn from Vietnam.
- For the first time, part of Niagara Falls on the American side was "turned off" (using a dam) so that repairs could be made to prevent erosion of the riverbed.
- Steffi Graf, professional woman's tennis player, is born in Germany. She has won a total of 22 championships in the four Grand Slam tournaments.
- The Cuyahoga River in Cleveland, Ohio caught fire after an oil slick floating on the river ignited. This event led to legislation such as the Clean Water Act and the Great Lakes Water Quality Agreement. More broadly, it focused attention on threats to the environment and led to the creation of the Environmental Protection Agency.
- Actress and singer Judy Garland died of a drug overdose at her home in London.
- Warren E. Burger was sworn in as the new Chief Justice of the United States.
- "Hee Haw" debuted on CBS.