Press
Municipal Credit Union hosts Japanese Bank representatives
NEW YORK CITY, NY (July 10, 2015) — Municipal Credit Union (MCU) President/CEO Kam Wong (shown in photo front center) hosted a dozen banking professionals representing six Japanese Bank Cooperatives during their recent visit to the United States. During the meeting held at MCU’s lower Manhattan headquarters on July 7, Wong discussed lending practices, branding strategies, how credit unions differ from large for-profit banks, employee training, and education. Japanese banking professionals attending the meeting included: Mr. Yoshihiro Homma, a managing director of Yokohama Shinkin Bank, one of Japan’s largest cooperative financial institutions, and representatives from Tokyo Bay Shinkin, Niigata Shinkin, Kiryu Shinkin, Takasaki Shinkin, Iida Shinkin, Shinonome Shinkin, which are cooperative financial institutions throughout Japan’s Kanto region.
“It was a pleasure to meet with these banking cooperative representatives,” Wong said. “Meetings and discussions such as this help leaders of not-for-profit financial institutions share ideas and improve the ways we operate and serve our members in the best way we can.”
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 over 375,000 members. With branches in New York City, Westchester and Long Island, members also have access to the credit union’s large and growing ATM network. 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; 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.