NAPERVILLE, Ill. -- A brand new police credit union--The Finest Federal Credit Union--is in the process of being created with the help of Chicago Patrolmen's Federal Credit Union, Delaware State Police Federal Credit Union, and Police Federal Credit Union.
The three credit unions are in charge of the formation and management of the Police Officers' Credit Union Conference, and each gave $100,000 to assist The Finest Federal Credit Union in its efforts to obtain a charter from the NCUA. If granted a charter, The Finest FCU will serve the law enforcement community of New York City.
Paul McCormack, deputy inspector of the New York City Police Department and future chairman of The Finest FCU, expressed his appreciation for the support the effort has received. "My sincere thanks goes out to the Police Credit Union Conference Committee," said McCormack. "They are providing a tremendous level of support and have created exactly the impetus and interest we need to build the required capital."
"During the times of consolidation and homogenization, I commend Mr. McCormack and his group on their efforts and would like nothing more than to see their credit union established prior to our conference," said Scott Arney, CEO of Chicago Patrolmen's FCU and chairman of the Police CU Conference Committee.
The Fifth Annual Police Officers' Credit Union Conference will be held at the Argosy Casino Hotel and Spa in Kansas City, Mo. From May 4 to 6. Additional information about the conference can be found at www.policecugroup.org.
--lsiegriest@cutimes.com
