Former NCUA Chairman Michael Fryzel Praises
Brooklyn Based Polish & Slavic FCU For Its Community
Involvement
BROOKLYN, N.Y.,
June 20,
2024 /PRNewswire/ -- Thanks to its excellent
financial condition, Polish & Slavic Federal Credit Union was
able to award exceptional students with scholarships totaling
$600,000. 589 young members of were
rewarded in the course of the 2024 edition of the prestigious PSFCU
Scholarship Program. Both numbers represent a record in the more
than 24-year history of PSFCU's program, which underscores the
Credit Union's commitment to supporting young talent and future
leaders of the Polish-American community.
This year's scholarship ceremony for students from the East
Coast of the United States was
held on June 12 at Irving Plaza, in a
building that also houses Post 2 of the Polish Army Veterans
Association, located at 17 Irving Place in New York City. The event was attended by the
recipients and their family members, as well as invited guests,
including guests of honor: Permanent Representative of the Republic
of Poland to the United Nations,
Ambassador Krzysztof Szczerski, and
Professor Andrzej Nowak, a prominent
historian, Sovietologist, academician and lecturer at Jagiellonian
University in Krakow, Poland
The ceremony was opened by PSFCU President/CEO Bogdan Chmielewski, who stressed that the
scholarship program is the result of the hard work of our Credit
Union's employees, as well as the result of the commitment of all
our members. "Thanks to the fact that you open accounts with us,
take out loans and use other services, the Polish & Slavic
Federal Credit Union can operate and thrive, but it can also
support the Polish-American community, and I am incredibly proud of
that." - he said. Both he and PSFCU Board of Directors Chairman
Krzysztof Matyszczyk, who spoke
afterwards, congratulated the program's winners, as well as their
parents, for their efforts and involvement in the Polish community.
"In your adult life, never forget your roots. Be proud of your
Polish heritage, and, just like now, work diligently for the
Polish-American community and be active on its behalf," said
Chairman Matyszczyk.
Special guests at the New York
ceremony, Ambassador Szczerski and Professor Nowak in their
speeches referred to the national identity of Poles and the
Polish-American community. Their inspiring speeches added a special
touch to the ceremony. Both guests mentioned Poland's history and the contributions of
prominent Poles to the development of science and technology,
emphasizing the fact that the young scholarship recipients should
be all the more proud of the ties they have with Poland and Poles.
The scholarship ceremony for students from the Midwest region
was held on Saturday, June 15. As in
previous years, it took place at the Polish Museum of America,
located at 984 N. Milwaukee Avenue in Chicago. Former National Credit Union
Administration (NCUA) Chairman Michael
Fryzel was also a guest at the ceremony. In his speech, he
addressed the scholarship program winners directly. "PSFCU's
scholarship program has been going on for many years and has helped
many young people who are now doctors, lawyers, accountants, nurses
or programmers," he said. "Today is your day and the beginning of
your journey, but never forget that it was PSFCU that helped you
achieve your goals. There are few credit unions that help their
members the way the Polish & Slavic Federal Credit Union does,
donating huge sums of money for scholarships for its members."
Scholarship award ceremonies are an excellent opportunity for
program winners to make new friends and exchange experiences with
each other and with invited guests. The PSFCU scholarship awards
ceremony is an inspiring and motivating event that highlights the
importance of investing in the future of the younger generation.
The record number of scholarships awarded is evidence of PSFCU's
growing commitment to promoting education and young talent of
Polish descent. Polish & Slavic Federal Credit Union believes
that investing in the future of young Poles will benefit the entire
Polish community in the United
States.
The PSFCU Scholarship Program has two main components: a program
for high school graduates, as well as for college students. This
year, a total of 589 people were among the winners: 398 high school
graduates and 191 college students. In addition, ten young PSFCU
members took part in the fifth edition of the Presidential
Internship - a study visit to Poland organized in cooperation with the
Office of the President of the Republic of Poland, Andrzej
Duda, and GE Aerospace. The internship is an integral part
of the PSFCU Scholarship Program. Since 2001, the first edition of
the program, PSFCU has already allocated $7.6 million to help educate the younger
generation, having already supported more than 6,500 students under
the program.
About the PSFCU
Founded in 1976 by a group of Polish immigrants to help other
ethnic Poles obtain mortgages, the Polish & Slavic Federal
Credit Union now has 23 branches in New
York, New Jersey,
Illinois, Pennsylvania and Connecticut and an operations center in
Fairfield, NJ. In addition, PSFCU
offers mortgage loans on properties located in the states of
Florida and Indiana. Credit Union members can access our
services through our Online Banking, accessible through our
www.psfcu.com website or through our mobile app. Through its
scholarship program, PSFCU has thus far granted over 7.6 million dollars to over 6,500 students. The
48-year-old credit union has over $2.5
billion in assets and serves over 120,000 members.
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SOURCE Polish & Slavic Federal Credit Union