NCUF Recognizes New York CUs with Investments in Foundation's CIF

NEW YORK - The National Credit Union Foundation, at a recently held reception, recognized six New York credit unions that have invested a million dollars or more in the Foundation's Community Investment Fund. The reception was held at the Renaissance New York Hotel Times Square. NCUF Board Chairman Chuck Purvis, senior vice president, strategic business officer of Coastal FCU, presented recognition plaques to Melrose CU and to Empire Corporate FCU. The New York State Credit Union League also planned to distribute NCUF plaques to the other four million dollar CIF investors who were unable to attend the event -SEFCU, United National FCU, USAlliance FCU, and Visions FCU. In remarks from NCUF President Dan Mica, president/CEO of CUNA, and NCUF Executive Director Gary Officer, they acknowledged NYCUF's rapid CIF growth from $1.8 million almost two years ago, to its current $20 million investment. The New York Credit Union Foundation was established in 1970 by the NYSCUL as the Sidney Stahl Memorial Foundation. It was renamed in 1995 to the NYCUF.