NEW YORK CITY Municipal Credit Union (MCU) President/CEO Kam Wong (fourth from left) hosted a delegation of 15 banking and financial services executives from Tianjin, China at MCUs corporate office on Wednesday, January 20. The delegation, which was organized by the Tianjin Finance Bureau and the Triway International Group, met with Wong to discuss topics including MCUs 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.
Municipal Credit Union (MCU) is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and headquartered in New York City, today MCU has assets of over $2.3 billion and offers a full range of financial services to over 375,000 members. With branches in New York City, Westchester and Long Island, members also have access to the credit unions large and growing ATM network. Eligibility to open accounts at MCU is available to New York City and Yonkers municipal employees; state and federal employees who work in the five boroughs; health care professionals who work in New York State; members of select industry groups; employees of private colleges in New York City and private and public colleges in Nassau, Suffolk, and Westchester; certain family members, and qualifying retirees. MCU is an equal opportunity lender and deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Municipal Credit Union, visit
www.nymcu.org.
