Municipal Credit Union pledges $50,000 to help credit unions hit by Hurricane Maria
Issues call to action for other credit unions to support effort
NEW YORK, NY (November 9, 2017) — Municipal Credit Union (MCU) is helping to rebuild the credit union community devastated by Hurricane Maria. MCU has pledged $50,000 to support and help rebuild the nine Credit Unions/Cooperativas based in Puerto Rico and the U.S. Virgin Islands. In addition, MCU has issued a call to action for other New York area credit unions to also donate to support these hard-hit credit unions.
“Credit unions are based on the philosophy of ‘people helping people.’ In this extraordinary time of need, we believe it is important to support our fellow credit unions in Puerto Rico and the Virgin Islands in their efforts to rebuild so they can continue to serve their members and communities,” explained Kam Wong, MCU President/CEO. “This is the time that we must demonstrate our resolve, and we call on other credit unions and leagues to join us by giving to help rebuild the credit unions devastated during this storm. Working together, we can make a real difference in this needing community.”
MCU’s donation will support the nine Credit Unions/Cooperativas that are associate members of the NYCUA. Six are based in Puerto Rico and three in the U.S. Virgin Islands.
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.