BROOKLYN, NY– For the seventh year, the $1.2 billion Polish and Slavic Federal Credit Union is supporting the educational aspirations of its members. PSFCU contributed $300,000 to help defray the educational costs of its high school and college student members.
"Time and again, our members have expressed their support for the program and the collective will to grow it. That's where our strength is. There are many banks that try to lure our members, but none that's willing to match our program." said Bogdan Chmielewski, PSFCU CEO. "There is no better example of how a local credit union can make a difference in its community than helping improve the educational prospects for the young generation."
Earlier this month, at a gala event in Greenpoint, Brooklyn, the PSFCU handed out scholarships to undergraduate and graduate-level students, ranging in value from $1,000-5,000 each. An independent panel of 12 people reviewed almost 200 worthy applications before choosing the final 144 winners.
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A month earlier, teaming up with the New York State Credit Union League, the PSFCU awarded 115 college-bound high school graduates with scholarships ranging from $500-1,750. This marks the 7th year that the PSFCU has worked together with the NYSCUL to promote higher education for New York area students.
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