Polish & Slavic Federal Credit Union marks another milestone: 100,000 members
BROOKLYN, NY (September 20, 2019) — 2019 is a special year in the history of the Polish & Slavic Federal Credit Union. A few months ago, PSFCU achieved an impressive $2 billion in assets. In the month of August, Brooklyn-based federal credit union crossed another milestone – the number of primary account holders exceeded one hundred thousand. It took PSFCU 43 years of organic growth, without any acquisition, to achieve such a milestone.
As a token of gratitude for members’ loyalty and trust, PSFCU is celebrating this important milestone from July 24 through October 31. Once a day, for 100 days, a primary PSFCU account holder is randomly drawn to win an attractive prize.
“The fact that we reached $2 billion in assets and 100,000 members this year is a great depiction of PSFCU’s growth and dynamic development. We have reached these epic milestones very quickly—exceeding the expectations set while founding our Credit Union forty-two years ago. These milestones are also excellent indications of the success and growth that’s to come. The potential of the Polish-American community and our Credit Union is limitless,” PSFCU Board of Directors Chairman, Krzysztof Matyszczyk said.
Bogdan Chmielewski, PSFCU President/CEO, recalled that the credit union has been serving the Polish-American community for 43 years. “That is a quite achievement for a credit union which started with one table at a cafeteria for immigrants in Brooklyn. Since then we have helped thousands of Polish immigrants to buy their first car, their first house, to receive their first credit card, or, what’s most important, to safely deposit their lifetime savings,” Chmielewski said.
Polish & Slavic Federal Credit Union drew praise from National Credit Union Administration Chairman, Rodney E. Hood during his recent visit to Brooklyn-based PSFCU. “The record of service reflects the proud tradition of the credit union movement, which from its beginning was based on the principles and tenets of ‘people helping people,'” said Mr. Hood. “It also means a strong commitment to the community, strong relationships with partner organizations and strong focus on the future.”
Hon. Rodney E. Hood receives a commemorative plaque from PSFCU Board Chairman Krzysztof Matyszczyk and President/CEO Bogdan Chmielewski
Hon. Rodney E. Hood with PSFCU Board Chairman Krzysztof Matyszczyk (left) and President/CEO Bogdan Chmielewski (right) at headquarters of the Brooklyn-based PSFCU
About Polish & Slavic Federal Credit Union
Founded in 1976 by a group of Polish immigrants to help other ethnic Poles obtain mortgages, the Polish & Slavic Federal Credit Union now has 21 branches in New York, New Jersey, Pennsylvania and Illinois, a Mortgage Center in New Britain, CT and an operations center in Fairfield, NJ. In addition, PSFCU offers mortgage loans on properties located in the states of Florida and Indiana. Credit Union members can access our services through our Online Banking, accessible through our www.psfcu.com website or through our mobile app. Through its scholarship program, PSFCU has thus far granted over seven million dollars to over 6,000 students. The nearly 47-year-old credit union has over $2.5 billion in assets and serves over 114,000 members.