NEW YORK—The New York State Legislature has recognized Municipal Credit Union for its 100 years of service provided to New York City's civil service community with a Legislative Resolution.
The Resolution was introduced on the floor of the State Senate by Senator Velmanette Montgomery before the Senate recessed and presented in person to MCU.
"It's an honor to be part of the credit union's Centennial Anniversary and help celebrate the generations of members in Brooklyn and throughout the New York City area who have counted on MCU to help them achieve their financial goals and aspirations,” said MCU Board of Directors First Vice Chair James Durrah during the presentation ceremony. “As a long-time resident of Brooklyn, a city employee, and volunteer board member at MCU, I have seen the benefits MCU provides members from all vantage points, and it's truly a blessing to celebrate the longevity of this institution."
After the Resolution presentation, the MCU representatives and elected officials discussed various legislative topics that impact credit unions and members, including the ability for credit unions to accept municipal deposits, the ability for credit unions to join the New York State banking development district program, and ways to expand financial education and literacy programming in local communities.
2016 is Municipal Credit Union's “Centennial Celebration” year. Called the Credit Union of Employees Conference Committee when it first opened its doors on October 15, 1916, in
Manhattan's Municipal Building, MCU has been growing ever since. Today, MCU serves more than 400,000 members.