ALEXANDRIA, Va. (June 17, 2013) – National Credit Union Administration (NCUA) Board Member Michael E. Fryzel praised the Polish & Slavic Federal Credit Union’s scholarship program and student outreach as an example of “people helping people.”
“The credit union’s commitment to supporting the education of tomorrow’s leaders is commendable and to be applauded,” Fryzel said. “When the credit union provides scholarships to these students, it’s a clear example of the founding philosophy of the credit union movement—people helping people.”
Fryzel was an honored guest at the Polish & Slavic Federal Credit Union’s 2013 Scholarship Ceremony in Mt. Prospect, Ill., on June 15.
Polish & Slavic Federal Credit Union’s scholarship program supports high school, undergraduate and graduate students whose outstanding academic achievements proved them to be the credit union’s talented and brightest members.
During Saturday’s ceremony, 37 credit union members received scholarships ranging from $500 to $5,000. The celebration was part of the 2013 scholarship program that awarded 269 winners in Illinois, New York and New Jersey.
Fryzel said the scholarship program demonstrated the credit union’s strong roots in the Chicagoland community and its role as a strong force in the financial industry.
NCUA is the independent federal agency created by
the U.S. Congress to regulate, charter and supervise
federal credit unions. With the backing of the full
faith and credit of the United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of more than 101
million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.