BROOKLYN, N.Y. — Executives from Polish American Credit Unions and financial cooperatives from Poland met recently in New York to discuss how they might better cooperate to serve their members in both nations.
The $1.2 billion Polish and Slavic Credit Federal Credit Union (PSFCU), headquartered in Brooklyn, hosted the meeting with executives from other Polish American credit unions and the National Association of Cooperative Savings and Loans, the association of financial cooperatives in Poland.
The discussions centered on future partnerships, shared experiences and the impact of the current economic situation, PSFCU reported.
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One area that was discussed during the "CEO Roundtable Conference" was the idea of "shared branching," which would enable cooperative use of the branches. This was particularly important a way to help those traveling back and forth between Poland and the U.S. One proposal was to waive ATM fees for those members of the three U.S. credit unions who use SKOK's facilities in Poland.
"Given the fact that we all share the same mission of offering the finest and most convenient services to all our members, it only makes sense for us to join in the spirit of cooperation to build a 'credit union bridge' between Polish American credit unions and also between the U.S. and Poland," said PSFCU chief executive officer Bogdan Chmielewski.
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