Breaking the Boardroom Glass Ceiling: MCU
By naming the Honorable Sylvia G. Ash as board chair, Municipal Credit Union has ushered in a new era.
Ash is the first female to be named board chair in the $2.1 billion, New York-based credit union’s 99-year history.
A member of MCU's board of directors since May 2008, she most recently held the position of 1st vice chair and chair of the coordinating committee. A graduate of Howard University School of Law and a practicing attorney for more than 20 years, Ash was elected as a Civil Court Judge in 2005 and as a Supreme Court Judge in 2010. She currently sits on the board of directors of the Brooklyn Women's Bar Association, Judges and Lawyers Breast Cancer Association, and is a master in the Kings County American Inns of Court.
"I'm so pleased and honored to be elected Board Chair," Ash said. “Municipal Credit Union has done a wonderful job of serving its members for nearly a century, and I look forward to helping MCU do more great things for its members and the New York community.”
Ash, who will begin her term immediately, follows in the footsteps of Mark S. Brantley, Esq., who held the position for the past five years.
During Brantley's tenure as board chair, MCU grew its assets by almost $600 million, from $1.5 billion to $2.1 billion, increased membership by 17% to 375,000 members, and opened new branches in Coney Island, Harlem and Springfield Gardens. Brantley was also integral in MCU's recent launch of the STEP Line of Credit program, a short-term loan initiative recognized by the Clinton Global Initiative as an economic commitment to action to break the harmful cycle of payday lending.
Brantley will continue to serve MCU as a board director.