NCUA chairman visits ground zero

ALEXANDRIA, Va.-NCUA Chairman Dennis Dollar traveled to New York City Tuesday, November 6 to meet with New York state credit union regulators, leaders of two New York City credit unions impacted by the September 11 events, and visit the site of the former World Trade Center. “These credit unions have truly demonstrated heroic acts of service in their efforts to assist their members during this time of a personal and national tragedy,” said Dollar. “While a number of credit union members have perished, many of these families have been able to count on their credit union for financial stability and assistance.” NCUA has closely monitored the situation since the attacks and activated its Disaster Relief Policy. Accompanying Dollar were NCUA Region I Director Layne Bumgardner, Director of Public and Congressional Affairs Clifford Northup and Special Assistant to the Chairman for Public Affairs Nicholas Owens. Dollar met with New York State Banking Department Deputy Superintendent of Banks Manuel Kursky, XCEL Federal Credit Union CEO James Wisnieski, and Municipal Credit Union Chairman Dominic Moricelli. Representatives from the mayor’s office also met with Dollar. The credit union representatives briefed Dollar on the credit unions’ efforts following the attacks. Municipal Credit Union lost its headquarters located just one block from the World Trade Center’s North Tower and XCEL Federal Credit Union’s headquarters were located on the 39th floor of the World Trade Center. FAA Eastern Region FCU and USAlliance FCU lost branches in the September 11 tragedy as well. “Now that things have settled some and their efforts have presented such impressive results, we wanted to get this update in person. For me personally, it was a quite moving experience, both visiting ground zero but also getting a progress report from these credit union heroes,” said Dollar. [email protected]