What Happened?
New York, NY-based Municipal Credit Union Appointed Frank Madeira as Chief Financial Officer
About the Company
Municipal Credit Union has been serving the financial needs of our members since 1916. The credit union was chartered in response to the concern of New York City Mayor, John Purroy Mitchel, who wanted city employees to have a way to save at reasonable rates and a low cost borrowing alternative to loan sharks. MCU started out with one branch in the Municipal building using handwritten ledgers. At the end of the first year, nineteen charter account holders had combined deposits of $570. Today, we have 19 branches, more than 500,000 members and over $2.9 billion in assets. Our corporate mission is to build lifetime quality financial relationships with each member by providing competitive products and excellent service.
About the Person
Frank Madeira is Chief Financial Officer at Municipal Credit Union. Previously, Frank held various senior HR leadership roles in the industry.
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