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Co-op City Times / November 21, 2015
Riverbay’s Portico program enhances flooring choices for shareholders Riverbay Corporation is a participant in the Mohawk Industries’ Portico Program which offers quality carpeting and flooring to shareholders of Co-op City at discounted prices while also contributing a minimal percentage of the annual sales back into Riverbay’s general fund to help offset the community’s expenses. This program is open to both incoming and current shareholders of Co-op City and is available through TriState Interiors located at 2925 Westchester Avenue, Bronx, N.Y. 10461. Incoming shareholders are given a voucher to offset the cost of the base carpeting/flooring, while current shareholder can either replace or purchase carpeting/flooring at reasonable prices. All shareholders can also upgrade their choices if they choose to do so with incoming shareholders utilizing their vouchers and paying the difference of the upgrade. Mohawk’s Portico Program is designed for homeowners, but because of the size of Co-op City, the company agreed many years ago to extend the program to the Riverbay Corporation. The Portico Program offers two base carpets, a plush which comes in 36 colors that shareholders can choose from—and which is also a ‘green’ product—as well as a Berber, which has 6-8 different color choices. “From here, incoming shareholders can upgrade to 3-6 different styles in each category,” said Riverbay’s Director of Special Projects Joe Boiko. “Should they choose to upgrade, the value of the voucher that Riverbay gives them will be used towards the upgrade and they just merely pay the difference.” New shareholders who choose not to carpet can use their vouchers towards other style
floors, such as Pergo floors, vinyl flooring, vinyl wood look style flooring, ceramic tiles and the Riverbay 9x9 developed specifically for Riverbay by Mohawk, as well as a whole host of other choices, Boiko said. On the other hand, current shareholders who would like to put down carpeting/flooring, redecorate or change their existing carpeting or flooring, can also make their purchases through the new Portico program, which also includes the Mohawk wood floors that Riverbay uses in the apartments. “All current cooperators who choose to redecorate or upgrade their carpeting or flooring can go to TriState Interiors and tell them that they live in Co-op City and would like to look at the carpeting or flooring available through the Portico program,” Boiko said. “From there, they can choose whatever they like from low end –which is excellent carpet – to a very high end carpet and purchase from the company directly who will also install the carpeting for them.” Boiko added that while the shareholders benefit in that they will get quality carpeting and flooring at discounted prices from TriState compared to other carpet/flooring companies, Riverbay also benefits in that the corporation will receive a rebate of approximately 2-4% of all annual sales which will go back into the corporation’s general fund. “This program is a win-win situation for everyone,” said Boiko. “It offers quality flooring, it offers discounts and, at the same time, it offers a minimal rebate at the end of the year which goes back into the general fund so it helps to offset some of Riverbay’s expenses as well.”
Municipal Credit Union accepting applications for 2016 Scholarships Municipal Credit Union (MCU) is currently accepting applications for the 2016 Scholarship Program. MCU will award $66,000 in scholarship grants to collegebound graduating high school seniors: eight memorial scholarships worth $5,000 and 13 grants of $2,000, respectively. Eligibility in the MCU Scholarship Program is open to all MCU members and the children or grandchildren of a member in good standing. Selection is based on academic performance, extracurricular and community activities, references, and an essay expressing personal goals. Additionally, students applying for the scholarships who are also MCU members will also automatically be entered for a $500 statewide Public Relations and Marketing Council Scholarship. “MCU is deeply committed to supporting the youth throughout the communities in which our members work and live,” said MCU President/CEO Kam Wong. “Our Scholarship Program is one way we achieve this by recognizing and rewarding young people for their outstanding academic performance and community service. We hope our scholarships will enable these students to achieve their goals and succeed in their future endeavors.” Applications for MCU's 2016 Scholarship Program are available at Bronx branches located at 560 Courtlandt Avenue and 755 Co-op City Blvd., on MCU's website, www.nymcu.org, and also at any MCU branch. The deadline for completed applications to be submitted is January 15, 2016. MCU will hold a special awards reception in the spring of 2016 to recognize the eight $5,000 scholarship winners. MCU’s scholarship program is part of its larger corporate commitment to youth education and financial literacy across New York City. In addition to these scholarships, MCU also awards valedictorian/salutatorian recognition awards to graduating high school seniors. Municipal Credit Union (MCU) is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and headquartered in New York City, today MCU has assets of over $2.2 billion and offers a full range of financial services to its more than 375,000 members in New York City, Westchester and Long Island. Eligibility to open accounts at MCU is available to New York City and Yonkers municipal employees; state and federal employees who work in the five boroughs; health care professionals who work in New York State; members of select industry groups; employees of private colleges in New York City and private and public colleges in Nassau, Suffolk, and Westchester; all students enrolled in a college, university, school, or institution in the City University of New York (CUNY) education system; certain family members, and qualifying retirees. MCU is an equal opportunity lender, and deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Municipal Credit Union, visit www.nymcu.org.
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