Fryzel named honorary Grand Marshall of 2013 Pulaski Day Parade
NCUA Board Member Also Visits Polish and Slavic Federal Credit Union
BROOKLYN, NY (October 7, 2013) — National Credit Union Administration (NCUA) Board Member Michael E. Fryzel today toured Polish & Slavic Federal Credit Union (PSFCU) headquarters where he provided an update about NCUA’s initiatives to special guests and senior staff.
“More than 36 years ago a small group determined they wanted to help immigrants who upon arrival in New York City wanted to buy homes, but were turned down by other financial institutions,” Fryzel said. “Since then, Polish & Slavic Federal Credit Union has been offering needed financial services to America’s vast community of Polish immigrants, starting first in New York and later expanding to New Jersey, Pennsylvania, and Illinois. With more than fifteen branches, I commend the credit union for being one of the largest, if not the largest, ethnic credit union in the United States.”
Named an Honorary Grand Marshall of the 2013 Pulaski Day Parade just the day before and presented a sash by PSFCU CEO Bogdan Chmielewski, Board Member Fryzel thanked and praised the credit union for the services they provide their members and their ability to participate in events such as the Pulaski Day Parade.
“As a Polish-American and the first Chairman and Board Member of Polish decent to serve on the NCUA Board, it was a great honor to be named Honorary Grand Marshall and to walk the parade with you,” Fryzel added. “The Pulaski Day Parade is just one of many activities Polish & Slavic is involved in. Their scholarship program for students is outstanding and yet another way they take part in the community they serve, truly exemplifying the credit union philosophy of people helping people.”
NCUA is the independent federal agency created by the U.S. Congress to regulate, charter and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 95 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.