NEW YORK CITY – Municipal Credit Union (MCU) has expanded its membership field to include students of St. John’s University (NY).
The membership expansion was announced jointly by MCU Board Chair James Durrah and St. John's University President Conrado (Bobby) Gempesaw, and Student Government President Chiara Miuccio during a special on-court presentation at the St. John's men’s basketball game at Madison Square Garden. The charter expansion, which was approved by the New York State's Department of Financial Services and which amended MCU's charter immediately, gives MCU the ability to serve the more than 20,000 current students at St. John’s four campuses in New York.
With the addition of students as a membership group, MCU is now able to serve everyone in the St. John's system. The credit union was already the official credit union of St. John’s University Athletics, as well as the University's faculty and staff. St. John’s University students are the second major college/university student group to be entered into MCU’s eligible fields of membership; students of the City University of New York (CUNY) were added as an MCU field of membership in 2014.
"We are pleased to welcome St. John’s students into MCU's membership," said Durrah. "The addition of St. John's students to our field of membership is part of our continued extension to serve public and private colleges throughout the five boroughs, as well as an extension of our growing relationship with St. John’s University. MCU has been serving the employees of St. John’s for many years, and recently partnered with the university to become the official credit union of SJU Athletics, so the ability to offer our products and services to St. John’s students was a key step for us in our partnership. We encourage all St. John's students to look at MCU as a low-cost financial alternative to banks and other lending institutions. We are confident that MCU can help them grow into financially responsible and successful young adults and future leaders of our communities."
MCU said it currently offers college students a special product and service package – the MCU Squared Student Banking program – that includes savings and checking accounts, an MCU Squared student VISA credit card, a variety of loans, and 24/7/365 access to their accounts through mobile and online banking. MCU Squared members also receive ATM fee refunds up to a pre-set limit and access to free personal financial tools education through MCU’s award-winning Financially Fit education program.
Above right, from left, MCU Board Chair James Durrah, St. John's University President Conrado (Bobby) Gempesaw, Ph.D., and St. John's Student Government President Chiara Miuccio celebrate the announcement that St. John's students are now eligible for MCU membership during a special on-court presentation at the St. John's men’s basketball game at Madison Square Garden.