HARRISBURG, Pa. (10/27/08)--Credit unions were recognized during a “Bank on Philadelphia” summit and press conference Wednesday in Philadelphia, according to the Pennsylvania Credit Union Association (PCUA). Philadelphia is one of eight communities nationwide to participate in a pilot program led by the U.S. Department of the Treasury and Philadelphia City Controller Alan Butkovitz. The program aims to increase access to financial services and financial education for low-and-moderate income families and individuals (Life is a Highway
Oct. 23). A total of 12 Pennsylvania credit unions have signed onto the program. “A credit union relationship or bank account can be an on-ramp to the mainstream financial system for the unbanked and underbanked,” said Dan Iannicola Jr., assistant secretary of the Treasury for financial education. “Financial institutions, such as banks and credit unions, serve as a shield against financial predators,” added Laurie Magid, acting U.S. attorney for the Eastern District of Pennsylvania in Philadelphia. Mike Wishnow, PCUA senior vice president of communications and marketing, attended the event. He discussed the PCUA’s Credit Union Better Choice program. Zach Stecher, PCUA account executive, also attended. Credit unions attending the program included:
* Freedom CU, Warminster; * Philadelphia FCU; * P.S.T.C. Employees FCU, Upper Darby; * SERVCO FCU, Feasterville; * Sun East FCU, Aston; * Transit Workers FCU, Philadelphia; and * TruMark Financial CU, Trevose.