James Durrah assumes position of Municipal Credit Union Board Chair
NEW YORK, NY (August 31, 2016) — Municipal Credit Union has announced that James Durrah has assumed the position of Chair of the Board of Directors. Durrah, who has served on MCU’s Board of Directors since 2010 and most recently served as First Vice Chair, replaces former Board Chair Honorable Sylvia G. Ash, who tendered her resignation as Board Chair and member of MCU’s Board.
“Municipal Credit Union, along with its leadership and staff, thank Justice Ash for the time, leadership, and commitment she has given the credit union during her eight years on its Board,” said MCU President/CEO Kam Wong. “Although we are sad to see Justice Ash leave our Board, we are confident that our Board of Directors will continue to carry out its mission of leading our institution for the benefit of our members under the direction of new Chair James Durrah.”
In addition to Durrah assuming the position of Board Chair, C. Richard Wagner was elevated to the position of First Vice Chair and Loretta Y. Jones was elevated to the position of Second Vice Chair. These changes in positions follow the rules outlined in MCU’s bylaws regarding Board vacancies. MCU is also moving forward in filling the vacant Board seat, per its bylaws.
2016 is Municipal Credit Union’s Centennial Celebration year. Called the Credit Union of Employees Conference Committee when it first opened its doors on October 15, 1916 in Manhattan’s Municipal Building, MCU has been growing strong ever since. Today, MCU serves more than 400,000 members. MCU is celebrating its 100th anniversary all during 2016 through various programs to give back to the communities it serves.
About Municipal Credit Union
Municipal Credit Union 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 more than $3.0 billion and offers a full range of financial services to its more than 550,000 members. 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.