NCUA president attends meeting on credit union aid to war-torn Ukraine
BROOKLYN, NY, May 18, 2022 /PRNewswire/ — The Chairman of the National Credit Union Administration, the Honorable Todd M. Harper, visited the headquarters of the Polish & Slavic Federal Credit Union on Friday, May 13, 2022. Mr. Harper, who was accompanied by the Deputy Director of the NCUA Office of External Affairs and Communications, Samuel Schumacherattended a meeting devoted to discussing the current situation in the war-torn country Ukraine and how credit unions could help the country and its people.
Participants in the meeting included representatives of the PSFCU Board of Directors and General Management, as well as representatives of Ukrainian and Ukrainian-American credit unions: Anatoli Murha, Senior Vice President of Ukrainian Self Reliance FCU in philadelphia cream. Andre HorbachevskyChairman of SUMA FCU & NY and the Ukrainian American Credit Union Association, Bohdan KurczakCEO of Self Reliance FCU at New Yorkand Svitlana Savchenko, Representative of the Ukrainian National Association of Credit Unions. Consuls General of the Republic of Poland and Ukraine, Adrian Kubicki and Oleksii Holubov were also present, as were Vadim TkachukConsul for Economic Affairs of Ukraine, Michael E. Fryzelformer president and board member of NCUA and Bruce FoulkeChairman and CEO of American Heritage FCU at philadelphia cream.
Meeting participants discussed the difficult situation Ukraine found himself following unprovoked Russian aggression, particularly the tragic loss of life, the destruction of infrastructure and its effect on the country’s economy. They highlighted the continued need for effective support and assistance from both individuals and organizations such as credit unions. They also commended the PSFCU for the humanitarian efforts deployed in response to the outbreak of war in Ukraine.
In his remarks, Mr. Harper, who highlighted his ties to Polish ethnic heritage, commented on the success of the PSFCU and its support for the Polish-American community. He also commended the efforts of the PSFCU to provide assistance to Ukrainian refugees. “The Polish and Slavic Federal Credit Union exemplifies the proud tradition of credit unions which, since their inception in the United States more than a century ago, have been based on the principle of people helping each other,” said he declared. “I was deeply impressed when I learned that the Polish and Slavic Federal Fund, in partnership with the John Paul II Foundation, had raised more than $330,000 provide direct assistance to Ukrainian refugees Poland.”
In the ensuing discussion, Mr. Harper was asked which credit unions should pay particular attention to in the current situation. He highlighted the particular need for cybersecurity and the threat of cyberattacks on credit union infrastructure from Russian hackers. “We have now issued some alerts to credit unions. We urge them to be hyper-vigilant at this time as attacks are potentially imminent.” He also encouraged credit unions to take full advantage of the NCUA’s Automated Cyber Security Review Tool (ACET) framework.
Founded in 1976 by a group of Polish immigrants to help other ethnic Poles obtain mortgages, the Polish & Slavic Federal Credit Union today has 21 branches in New York, New Jerseyand Illinois, Pennsylvaniaa mortgage center in New Britain, Connecticut and an operations center at Fairfield, New Jersey. Additionally, PSFCU offers mortgages on properties located in the state of Florida. Members of credit unions can access our services through our online banking, accessible on our www.psfcu.com website, or through our mobile app or use a mobile branch, a specially equipped vehicle used at special events, providing all the services available in a traditional brick and mortar location. Through its scholarship program, PSFCU has so far awarded more than six million dollars to more than 5,100 students. The 45-year-old credit union has over $2.6 billion active and serves more than 108,000 members.
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SOURCE Polish and Slavic Federal Credit Union