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Governance Disputes Return to PSFCU

After a period of relative peace, it appears the board of the $1.23 billion Polish and Slavic Federal Credit Union has again begun to feud.

By David Morrison | Updated on September 22, 2009

After a period of relative peace, it appears the board of the $1.23 billion Polish and Slavic Federal Credit Union has again begun to feud.

The 68,000 member credit union serves a primarily Polish-speaking community in New York City as well as in the New Jersey suburbs and on Long Island. Over the years it has built a strong reputation for community involvement. Polish and Slavic has launched and maintained a generous scholarship program as well as outreach to recent immigrants. However, Polish and Slavic has also earned a reputation for fractious governance with contentious board fights that have wound up in court and has landed in significant hot water with the NCUA in the past.

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