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CU System
PolishSlavic FCU hosts NCUAs Hood
BROOKLYN, N.Y. (6/22/09)--National Credit Union Administration Vice Chairman Rodney E. Hood visited Greenpoint, Brooklyn, the neighborhood that created the $1.2 billion asset Polish and Slavic FCU (PSFCU), to see the credit union thriving because of its close affiliation with the area.
National Credit Union Administration Board Vice Chairman Rodney Hood, center, visits with, from left, Krzysztof Matyszczyk, board chairman of Polish and Slavic FCU (PSFCU), and Bogdan Chmilewski, PSFCU CEO, at the ethnic credit union's headquarters in Brooklyn, N.Y. (Photo provided by Polish and Slavic FCU)
"It is so impressive to see how this neighborhood has continued to experience such positive changes over the past few decades, and much of that credit has to go to the PSFCU, which has proven to be Greenpoint's most active advocate," Hood said, noting the "symbiotic relationship at work between neighborhood and credit union." Hood said he saw how an older, rundown neighborhood had benefited from the credit union's commitment to providing financial services to the community. "When a management team pairs with dedicated community leaders--whom you have on your board of directors--the outcome is a financial institution that posts great financial results," he told the credit union. He pointed to PSFCU's rapid growth the past year, its banking innovations and its donations and scholarship programs as examples of how to become a strong and successful community leader. "You can say that we are the 'un-bank,'" said Bogdan Chmielewski, PSFCU's CEO. "We continue to make good loans--smart, well-secured loans--and we are deeply involved in improving the prospects not only of our members, but the cities, towns and neighborhoods where they live and work." He noted that PSFCU has expanded far beyond Greenpoint but "we've never uprooted our commitment to serving our members, no matter where they live." During the meeting Hood answered questions about corporate credit unions and the impact their problems might have on natural person credit unions and emphasized the credit union movement is becoming stronger as more consumers become attracted to its safe financial practices.
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