Municipal CU Pledges $50,000 to Rebuild Community Devastated by Hurricane Maria

NEW YORK CITY -- Municipal Credit Union (MCU) is helping to rebuild the credit union community devastated by Hurricane Maria. MCU has pledged $50,000 to support and help rebuild the nine Credit Unions/Cooperativas based in Puerto Rico and the U.S. Virgin Islands.  In addition, MCU has issued a call to action for other New York area credit unions to also donate to support these hard-hit credit unions.

"Credit unions are based on the philosophy of 'people helping people.' In this extraordinary time of need, we believe it is important to support our fellow credit unions in Puerto Rico and the Virgin Islands in their efforts to rebuild so they can continue to serve their members and communities," explained Kam Wong, MCU President/CEO. "This is the time that we must demonstrate our resolve, and we call on other credit unions and leagues to join us by giving to help rebuild the credit unions devastated during this storm. Working together, we can make a real difference in this needing community."

MCU's donation will support the nine Credit Unions/Cooperativas that are associate members of the NYCUA. Six are based in Puerto Rico and three in the U.S. Virgin Islands.

Municipal Credit Union is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and serving New Yorkers for 101 years, MCU has more than $2.6 billion in assets, branches in the five boroughs of New York City, Long Island and Westchester, an extensive ATM network, and offers a full range of financial products and services to its more than 425,000 members. MCU membership is open to a wide range of employer groups including 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; employees of private colleges in New York City and private and public colleges in Nassau, Suffolk, and Westchester; students enrolled in a college, university, school, or institution in the City University of New York (CUNY) education system and St. John’s University; members of select industry groups; certain family members, and qualifying retirees. MCU is actively involved with its members and in giving back to the communities in which it serves. It is the official credit union of the NFL's New York Jets and of St. John's University Athletics. It is also the naming rights sponsor of MCU Park in Coney Island, the home of the Mets minor league affiliate Brooklyn Cyclones, where MCU sponsors its annual MCU/Brooklyn Cyclones Youth Baseball/Softball Clinic Series, now in its fourth year. MCU's educational efforts include a scholarship program, home buying seminars, and its Adult and Youth Financially Fit series, which has been awarded the NY Credit Union Association's prestigious Desjardins Financial Education Award for the past two years. 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.