NEW YORK – Municipal CU said its long-time CEO William Porter, who built the credit union into a $1.3 billion institution and led it through the turmoil surrounding Sept. 11, has retired. Porter stepped down Feb. 26 and was succeeded by Kam Wong, who has been a Municipal executive since 1988 and has been serving as president since August. Porter had a forty-year career in banking, which may have been remembered most for the days and months after the terrorist attacks on the World Trade Center when hundreds of thousands of city workers relied on his credit union for emergency financial services. He was selected by the New York Banking Department in 1981 to take over Municipal CU, then a financially troubled $97 million credit union.
Processing Content
