BROOKLYN, N.Y. - New York City Council Member Yvette Clarke recently joined Municipal Credit Union after visiting the credit union's Brooklyn branch and hearing about its benefits. Clarke, who represents Brooklyn's 40th District, said she was "excited to take advantage of the excellent services (that Municipal Credit Union) provides" and...
WASHINGTON - As part of a story about the phenomenon of different types of fraud perpetrated in the wake of the September 11 attacks, the Washington Post has profiled the trial of one of the alleged Municipal Credit Union fraudsters. The Post reported the case of James Allen, a Housing...
The arrest of Municipal Credit Union members makes the news again, so I would like to rearrange the perspective. We all remember the sights of 9/11 and will never forget them. MCU's headquarters at 22 Cortlandt Street was 500 feet east of the World Trade Center. As the attack started,...
SOUTHBOROUGH, Mass. - The halls of the Massachusetts Credit Union League where Dan Egan has worked for the last 22 years - the last 20 as the organization's president and CEO - are a far cry from the district attorney's office where he once worked and the courtrooms where he...
NEW YORK - Police have arrested an additional 74 people for defrauding the $1.1 billion Municipal Credit Union in the wake of the attacks on the World Trade Center Towers on September 11, 2001, according to a local media source. The attacks disabled the credit union's network connections and prevented...
NEW YORK - It didn't take William Porter more than a minute to realize changes were needed at Municipal Credit Union when he became CEO in 1981. As he walked off an elevator and into the hallway outside the credit union's only branch, located in a municipal building, he encountered...
Mike Welch is 100% right in the comments he made in his April 30th column about answering bogus bank attacks ("Time to Give Banker Rhetoric Pithy Response.") I think credit unions are defensive because we originally were the underdog. We are not the top dog, but we are equal in...
NEW YORK - In case anyone ever doubted it, the 9/11 attacks on the World Trade Center in New York City brought home the importance of having a disaster relief plan that is as flexible and redundant as possible. It came out this year that the $1 billion Municipal Credit...
ACCESS Federal Credit Union, Clinton, N.Y., has promoted Melissa O. Cousin to vice president of accounting/controller and Pam Wolcott to vice president of human resources. Merrimack Valley Federal Credit Union, Newburyport, Mass., has appointed Peter J. Matthews, Jr. president/CEO. Vermont Federal Credit Union, Burlington, has named Nicole Morris controller and...
I would be remiss if I didn't thank Mike Welch for his supportive response to the Municipal Credit Union's (MCU) action during the World Trade Center disaster of September 11, 2001. I read with great interest his column of September 11, 2002 ("Back to normal not always a good thing"),...
