our credit union - psfcu · federal credit union (psfcu) in green - point, new york, on september...

First Lady Agata Kornhauser-Duda visitedthe headquarters of the Polish & SlavicFederal Credit Union (PSFCU) in Green -point, New York, on September twentieth.She met with the PSFCU Board of Directors,Supervisory Board and employees.

During the meeting the First Lady learnedof the forty years of the PSFCU’s operation,and especially its role in the Polishcommunity. First Lady Kornhauser-Dudawas particularly interested in Credit Union’seducational initiatives, particularly itssupport for Polish Supplementary Schools

and the PSFCU Scholarship Program.During her visit, the First Lady congratu -lated seven longtime PSFCU employees,who received the Knight’s Cross of theOrder of Merit of the Polish Republic duringan earlier ceremony. Stefania Anigacz, EwaGrzymkowski, Bozena Koc-Tennenbaum,Magdalena Krowka, Urszula Kulesza,Grazyna Michalczyk and Barbara Zawlockawere decorated by Poland’s PresidentAndrzej Duda “for outstanding services inpromoting Polish culture and activities for

MONTHLY NEWSLETTER OF THE POLISH & SLAVIC FEDERAL CREDIT UNION

Vol. 3 | No. 10 (34) | Year 2016October 2016

Our Credit Union

PSFCU In Numbersinformation as of August 31, 2016

Assets

$1,752,450,141Loans

$972,541,896Net Worth

$165,303,144Number of Members

88,250 ...continued on page 2

19762016

First Lady of Poland in Greenpoint

Dear Members,

The operations of thePolish & Slavic FederalCredit Union are gai -ning recogni tionamong persons ofimportance in the Uni -ted States as well as inPoland. On September 20, 2016, we had thehonor to host Poland’s First Lady, Mrs. AgataKornhauser-Duda, at Credit Union’s NewYork headquarters. During lunch with repre -sentatives of the PSFCU Board of Directorsand Management, the First Lady learnedabout what we do and was especiallyinterested in the Credit Union’s support forPolish ethnic schools and other educationalinitiatives. She also expressed gratitude to allmembers of the Polish & Slavic Federal CreditUnion who donated to our holiday charitydrive with the Children’s Smile Foundationfor Children’s Hospices in Poland. Her visitwas particularly significant because it tookplace in our 40th anniversary year.

One of the key events of the anniversarycelebration was a solemn Holy Masscelebrated in the intention of PSFCUmembers on September 4, 2016, at the Shrineof Our Lady of Czestochowa in Doylestown,PA. More than 900 members attended theMass and the concurrent Polish-AmericanFamily Festival, arriving in 16 buses spon -sored by Polish & Slavic Federal Credit Union.As always, the trip was an unforgettableexperience for many of them.

All the initiatives that the Polish & SlavicFederal Union undertakes to support thePolish-American community are possible

because you trust us and make active use ofour products and services. That is reflectedin the figures, which show that over the firsteight months of this year, the Credit Union’sdeposits grew by $53,800,000, while our loanportfolio increased by $32,500.000. In thatsame time, our membership rose by 2,622 toa total of 88,250.

October is traditionally Polish HeritageMonth in the United States. We are startingit off with a splendid event, the Pulaski DayParade in New York City’s Manhattan. Thisyear we are continuing the tradition and theobservances will include events commemo -

rating Credit Union’s 40th anniversary. Wehave also prepared four promotions for you,details of which can be found in ournewsletter, as well as at our branches and onour website.

I thank you for your loyalty and invite youto visit our branches and take advantage ofour products and services.

Sincerely,

Bogdan ChmielewskiPSFCU President/CEO

First Lady of Poland with representatives of the PSFCU Board of Directors, Supervisory Committee and Management

NASZA_UNIA_newsletter_Oct_2016_ENG_EN 10/4/2016 3:06 PM

the Polish community in the United Statesof America, and for achievements in theirprofessional and community work”.

The decorations were presented by thePresident’s Cabinet Chief, Minister AdamKwiatkowski. “These awards are an expres -sion of recognition for the work you performfor your countrymen. On behalf of thePresident of Poland, I would like to empha -size the great importance of what youladies are doing, because all Poles areimportant to Poland, those living in thecountry as well as those living abroad,” saidMinister Kwiatkowski. “Please convey ourthanks to President Duda you for this greatdistinction and honor, which we did notexpect. I am happy that the activities of thePolish & Slavic Federal Credit Union arealso being noticed in Poland, because weare a part of the life of Polish people herein America,” said Ewa Grzymkowski onbehalf of the recipients.

Cabinet Chief of the President of Polandpresented the PSFCU management with aPolish flag on the occasion of the 40th

Anniversary of the Polish & Slavic FederalCredit Union. Credit Union received thewhite-and-red flag in recognition of “itsoutstanding services and special achieve -ments in Polish community, social, culturaland economic activities during its fortyyears of operation. The Polish & SlavicFederal Credit Union is always present

when there is anything important andPolish happening on the US East Coastand in Chicago area. You sponsor virtuallyevery Polish community event and youractivities prove that Polish people cangather together and achieve success underthe white-and-red flag,” said MinisterKwiatkowski.

2

Our Credit Union | October 2016 | 1.855.PSFCU.4U (1.855.773.2848) | www.psfcu.com

....continued from page 1

First Lady...

First Lady with decorated PSFCU employees

A solemn mass on the occasion of ourCredit Union’s 40th anniversary was themain event of a trip by our senior membersto the Shrine of Our Lady of Czestochowain Doylestown, Pennsylvania. This is thefourth trip to the American Czestochowaorganized for the PSFCU’s older membersand account holders.

During the service, they prayed for thedead and the living founders, volunteers,employees and members of the Polish &Slavic Federal Credit Union, which hasbeen in existence since September 1976.“During this Eucharist, we especially prayin thanksgiving and supplication on theoccasion of the fortieth anniversary of thePolish & Slavic Federal Credit Union,” saidFather Rafal Walczyk, who presided overthe service. The Mass was attended byrepre sentatives of the PSFCU Board ofDirectors and Supervisory Committee,employees and trip participants, who filledthe church. “We have received a great dealas a credit union, so there is much to bethankful for. We gather to pray quite oftenat the American Czestochowa becausepractically nothing important happens inthe Polish community without theinvolvement of our Credit Union,” saidRyszard Bak, treasurer of the PSFCU Board

of Directors. “Together we have given thanksfor these forty years, and for all 88,000members of our Credit Union,” said PSFCUBoard Director Malgorzata Wadolowski,summing up the trip.

On Sunday September 4, 2016, 900 ofour Credit Union members over 60 yearsof age set off on the free trip, along withaccompanying persons. Sixteen motorcoaches rented by the PSFCU picked them

up at the New York branches in Greenpoint,Maspeth, Boro Park and Copiague, and theNew Jersey branches in Clifton, Garfield,Wallington and Linden. Besides the HolyMass, our Credit Union members wereable to enjoy the Polish-American FamilyFestival, which was held on the groundsof the Doylestown Shrine for the 51st time.The PSFCU’s booth was one of the mostfrequently visited.

PSFCU Members Take a Trip to the American Czestochowa

Representatives of the PSFCU Board of Directors during the Holy Mass celebrated at the Sanctuary in Doylestown, PA


3


This year mark the fortieth anniversary ofthe establishment of our Credit Union.This is a good opportunity to remindourselves how our Credit Union, foundedin September 1976, has grown.

When did our Credit Union began toexpand outside Greenpoint?

Even as late as the 1990’s, lines, oftengoing out into the street, at the PSFCUGreenpoint branch were normal. After theopening of the second branch of our CreditUnion in Union NJ (1987), we had to waitalmost a decade for further expansion. In1996 we opened another branch inBrooklyn (Boro Park) and the PSFCUexpanded into northern New Jersey. Thechoice of locating in Clifton proved to beright on target: on its first day of operationon September 7, 1996, the branch opened130 new accounts. This is a record in ourCredit Union’s history.

In subsequent years, new branches wereestablished in metropolitan New York:Ridgewood NY (2001), Linden NJ (2003),Copiague, Long Island (2004) and MaspethNY (2008). In 2005, PSFCU acquired theproperty at 100 McGuinness Blvd. inGreenpoint, where another branch wasformed. Ever since then, it has also beenthe PSFCU’s official headquarters.

In February 2007, PSFCU officiallycommenced operations in Pennsylvania.Since then, pilgrims visiting the Shrine ofOur Lady of Czestochowa in DoylestownPA, have been able to use our Credit Union’sATMs.

We are offering you four attractivepromotions for the fortieth anniversary ofthe Polish & Slavic Federal Credit Union.Make use of our Credit Union’s services inOctober, Polish Heritage Month, and saveyourself and your family money.

Attractive Car LoansDreaming of a set of wheels? There’s

nothing to wait for. Take advantage of thePolish & Slavic Federal Credit Union’sattractive new and used auto loans startingat under 2% APR*, with an option to financefor up to 84 months. The rates for loans witha term of one to three years are:

- new cars: starting at just 1.89% APR*- used cars: starting at just 1.99% APR.*To get the promotional interest rate, you

need to sign up for automatic paymentsfrom your PSFCU checking account. Themonthly payment on a three-year 1.89%APR* loan is $28.64 for every $1,000borrowed.1

Free Yourself from DebtFallen into a spiral of debt? Tired of

constantly growing interest on credit carddebt? Replace multiple payments with asingle lower one! Take advantage of the 0%APR* consolidation loan at our Credit Union.Yes, that’s 0% APR* and that’s for up to 18months! Transfer your debt to the Polish &Slavic Federal Credit Union.2

Cash for Home EquityNeed cash? There’s a promotion at our

Credit Union! A Home Equity Line of Credit(HELOC) with no extra charges or loanprocessing fees at 1.99% APR* for the first12 months. A HELOC loan is available forone to four-family properties inhabitedby the owner, including condo-

miniums. The introductory interest rate of1.99% APR* for the first year includes a0.25% discount for signing up for automaticpayments from your checking account at ourCredit Union.3

No application feeOur Credit Union has also thought about

everyone who applies for a mortgage inOctober. For Polish Heritage Month we arenot charging the $350 application fee.

Come to one of the seventeen branchesof the Polish & Slavic Federal Credit Unionin October to take advantage of thepromotions. For more information on the“Four Promotions for the Fortieth Anni -versary” see www.NaszaUnia.com or call1.855.773.2848. Our Credit Union: 40 yearsof service to the Polish community! *APR = Annual Percentage Rate. Promotion is valid from October 1 until

October 31, 2016. Offer applies solely to PSFCU members. All loans are

subject to credit approval and verification. PSFCU loans are not available

in all states. Products and rates are subject to change without notice. For

additional information, please contact Members Services Center at

1.855.PSFCU.4U (1.855.773.2848) or the nearest PSFCU branch.

1. Promotional rate of 1.99% APR applies to 1 - 3 year new and used

car loans.

2. Offer applies solely to PSFCU credit cardholders. Promotional rate of

0% APR expires after first 18 months from the date of transaction. After

that date, the rate will change to the standard rate for a given card.

3. Promotional rate of 1.99% APR is fixed for the first 12 months, after

which the standard variable rate will apply based on the Prime Rate, as

published in the Wall Street Journal and is adjusted on the first day of

each month.

Four Promotions for the Fortieth Anniversary It’s Been Forty Years...


4


Keep your finances at

your fingertips

Membership restrictions apply. You must be a registered Online Banking User to be able to use Mobile Banking. Internet connection fees may be applied by your cellular service provider. Otherrestrictions may also apply.

Going Back to School or College?Going Back to School or College?

Keep yourfinances at

your fingertips

Three metropolitan New York PSFCU bran -ches festively celebrated their anni versariesin September.

PSFCU Boro ParkOn September 10 we celebrated the

twentieth anniversary of the PSFCU’s BoroPark branch. It was the second branch inBrooklyn NY and was a great convenience

for all the people who previously had totravel to Greenpoint. “I dreamt of havingsomething Polish here. I had the idea ofcollecting signatures and gathered almost5,000 of them, then managed to convinceour Credit Union’s management,” saidBozena Kajewska-Pielarz, one of the initiatorsof the branch’s formation and now a PSFCUBoard Director. After twenty years inoperation, the branch has 5,622 membersand $104,000,000 in deposits, with a loan

portfolio of $24,000,000. Congratulationsto Branch Manager Jolanta Kwiatkowskaand staff.

PSFCU CliftonOn September 17 we celebrated the 20th

anniversary of the Clifton NJ branch. Thisis historically the second New Jersey branch,which is currently used by 7,500 of ourCredit Union members, who have deposits

totaling $120,000,000, and loans amountingto $77,000,000. At the anniversary ceremony,Clifton Mayor James Anzaldi presented aspecial City Council proclamation on theoccasion of the branch’s anniversary. “I wasat the opening of this branch and I’m heretwenty years later. This branch blends in

perfectly with Clifton, the most ethnicallydiverse city in the entire state of New Jersey,”said Mayor Anzaldi, cordially congratulatingBranch Manager (since September 1999)Marzena Fernandes and her staff.

PSFCU RidgewoodOn September 24 we celebrated the 15th

anniversary of the Ridgewood branch inQueens NY. The Branch was full of guestsand members of our Credit Union. Bestwishes and congratulations to PSFCURidgewood Branch Manager AgnieszkaDudus and her staff!

Branch Anniversaries


our credit union - psfcu · federal credit union (psfcu) in green - point, new york, on september...

Documents