NEW YORK CITY –Municipal Credit Union and its president and CEO, Kam Wong, hosted a delegation of 15 banking and financial services executives from Tianjin, China at MCU’s corporate office here. The delegation, which was organized by the Tianjin Finance Bureau and the Triway International Group, met with Wong to discuss topics including MCU’s internal operations, internal risk control, and risk management in financial industry. The meeting was part of a multi-city trip by the delegation to learn about credit union structure, regulation, and the similarities between U.S. credit unions and Chinese financial services institutions.
“It was a pleasure to meet with these executives today,” Wong said. “In an increasingly globalized society, discussions and meetings like this one not only helps us to serve our members better, but also help us look to the future of our institutions.”
While this is the first time Wong has met with these executives, MCU has previously hosted delegations from other regions of China, including Liaoning. MCU has also hosted organized groups of executives representing Australia, Brazil, India, and Japan.
The $2.3-billion Municipal Credit Union (MCU) is the oldest credit union in New York State and has more than 375,000 members.