The NAFCU Journal July-August 2020 - 6

WASHINGTON AND INDUSTRY BRIEFS

Credit Unions Step Up to Support
Communities in Times of Need
The coronavirus is taking its toll on the U.S., and credit unions are here to help

W

hile NAFCU doubled
down on its efforts to
get the industry more
regulatory relief and
ensure credit unions were not completely
left out of relief measures, credit unions'
quick action to be there for their members generated national media attention
and led to advocacy wins. Those wins
included access to the Small Business
Administration's Paycheck Protection
Program and the Federal Reserve's
interim final rule eliminating Regulation
D's transaction limit.
Aside from offering operational relief for
members, credit unions throughout the
country reached out to help their communities when they needed it most. See how
NAFCU members are making a difference:
Polish & Slavic Federal Credit Union
(PSFCU) in New York City sent special
food parcels to doctors, nurses, hospital
workers and nursing home attendants in
an effort to acknowledge and honor their
medical community heroes on the front
lines of the pandemic.
"This was done to show our appreciation
for everything [health care workers]
are doing in these difficult times for
us all," says PSFCU CEO/President
Bogdan Chmielewski.
In addition, PSFCU's board of directors
established a fund dedicated to providing financial help for those not-for-profit
organizations that are providing
assistance in their community.
6

The PSFCU Coronavirus Relief Fund has
provided financial support to more than
two dozen different organizations from
New York, New Jersey and Illinois to
help the elderly, the ill in need of
care, and those most affected by the
coronavirus pandemic.
Valley Strong Credit Union, located in
Kern County, Calif., awarded more than
$300,000 to local coronavirus relief funds
to provide not-for-profit organizations
with the resources needed to serve those
who are vulnerable with basic needs such
as food, housing, living expenses
and transportation.
Arlington Community Federal Credit
Union in Arlington, Va., donated money
to the Arlington Food Assistance Center
and encouraged individuals and businesses in their local community to find
ways to help if they are able.
Northeast Ohio's Seven Seventeen Credit
Union donated $10,000 to the Trumbull
County United Way to remediate the
effects of closures and service disruptions in the community.
In Raleigh, N.C., State Employees' Credit
Union (SECU) and SECU Foundation

''

donated a combined $10 million to
support coronavirus disaster relief efforts
across the state. This donation will also
help not-for-profit organizations in the
state provide food, clothing, shelter and
financial assistance for those in need
during the pandemic.
In another remarkable effort of community outreach, American Heritage
Credit Union (AHCU) in Philadelphia
was inspired by health care workers who
have shown passion and selflessness, and
the credit union donated 50,000 personal
protective face masks to roughly a dozen
hospitals in their community. Employees of the credit union loaded dozens of
boxes into company vehicles and safely
delivered the supplies to those who
needed them most.

This was done to show our appreciation
for everything [health care workers] are doing
in these difficult times for us all.

''

- BOGDAN CHMIELEWSKI, CEO AND PRESIDENT, POLISH & SLAVIC FEDERAL CREDIT UNION
THE NAFCU JOURNAL  JULY-AUGUST 2020



The NAFCU Journal July-August 2020

Table of Contents for the Digital Edition of The NAFCU Journal July-August 2020

The NAFCU Journal July-August 2020 - Cover1
The NAFCU Journal July-August 2020 - Cover2
The NAFCU Journal July-August 2020 - 1
The NAFCU Journal July-August 2020 - 2
The NAFCU Journal July-August 2020 - 3
The NAFCU Journal July-August 2020 - 4
The NAFCU Journal July-August 2020 - 5
The NAFCU Journal July-August 2020 - 6
The NAFCU Journal July-August 2020 - 7
The NAFCU Journal July-August 2020 - 8
The NAFCU Journal July-August 2020 - 9
The NAFCU Journal July-August 2020 - 10
The NAFCU Journal July-August 2020 - 11
The NAFCU Journal July-August 2020 - 12
The NAFCU Journal July-August 2020 - 13
The NAFCU Journal July-August 2020 - 14
The NAFCU Journal July-August 2020 - 15
The NAFCU Journal July-August 2020 - 16
The NAFCU Journal July-August 2020 - 17
The NAFCU Journal July-August 2020 - 18
The NAFCU Journal July-August 2020 - 19
The NAFCU Journal July-August 2020 - 20
The NAFCU Journal July-August 2020 - 21
The NAFCU Journal July-August 2020 - 22
The NAFCU Journal July-August 2020 - 23
The NAFCU Journal July-August 2020 - 24
The NAFCU Journal July-August 2020 - 25
The NAFCU Journal July-August 2020 - 26
The NAFCU Journal July-August 2020 - 27
The NAFCU Journal July-August 2020 - 28
The NAFCU Journal July-August 2020 - 29
The NAFCU Journal July-August 2020 - 30
The NAFCU Journal July-August 2020 - 31
The NAFCU Journal July-August 2020 - 32
The NAFCU Journal July-August 2020 - 33
The NAFCU Journal July-August 2020 - 34
The NAFCU Journal July-August 2020 - 35
The NAFCU Journal July-August 2020 - 36
The NAFCU Journal July-August 2020 - 37
The NAFCU Journal July-August 2020 - 38
The NAFCU Journal July-August 2020 - 39
The NAFCU Journal July-August 2020 - 40
The NAFCU Journal July-August 2020 - 41
The NAFCU Journal July-August 2020 - 42
The NAFCU Journal July-August 2020 - 43
The NAFCU Journal July-August 2020 - 44
The NAFCU Journal July-August 2020 - 45
The NAFCU Journal July-August 2020 - 46
The NAFCU Journal July-August 2020 - 47
The NAFCU Journal July-August 2020 - 48
The NAFCU Journal July-August 2020 - 49
The NAFCU Journal July-August 2020 - 50
The NAFCU Journal July-August 2020 - 51
The NAFCU Journal July-August 2020 - 52
The NAFCU Journal July-August 2020 - 53
The NAFCU Journal July-August 2020 - 54
The NAFCU Journal July-August 2020 - 55
The NAFCU Journal July-August 2020 - 56
The NAFCU Journal July-August 2020 - 57
The NAFCU Journal July-August 2020 - 58
The NAFCU Journal July-August 2020 - 59
The NAFCU Journal July-August 2020 - 60
The NAFCU Journal July-August 2020 - 61
The NAFCU Journal July-August 2020 - 62
The NAFCU Journal July-August 2020 - 63
The NAFCU Journal July-August 2020 - 64
The NAFCU Journal July-August 2020 - Cover3
The NAFCU Journal July-August 2020 - Cover4
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