BROOKLYN, NY, October 21, 2022 /PRNewswire/ — Innovative, literally and figuratively, the Polish and Slavic Federal Credit Union continues to expand its presence in the Midwest region. On a cool and windy Saturday afternoon in October 15the brooklynPSFCU, based at PSFCU, inaugurated the planned branch in Algonquin, IL, in the northwest suburb of Chicago. When completed, this will be the first branch of the credit union to Kane Countyseventh in Chicagoland, and the twenty-second PSFCU branch overall.

Extending further from the city of Chicago, the largest ethnic credit union in the country is determined to bring its successful formula to targeted areas that hold great promise for increased membership. “We will go where we are needed and where we can work with Polish-American communities to achieve financial success. After more than twelve years of our presence in the Midwest region, we now have over thirty-two thousand members in Chicagoland, with more than $400 million in deposits there.”

Debby Sosinpresident of the Algonquin Villagehosted the $2.5 billion PSFCU to the area. She thanked Credit Union for becoming a new member of the community and looked forward to fruitful cooperation in the future. In turn, Laura Schockdistrict manager for home representative Sean Casten from 6e The Congressional District read the congressman’s proclamation in which he congratulated PSFCU on the opening of a new location and commended Credit Union for its dedication to the community it serves.

The future Polish and Slavic FCU branch will be located at 2371 County Line Road in Algonquin, IL. It will be built on land purchased by the PSFCU and is expected to open the June 1, 2023.


Founded in 1976 by a group of Polish immigrants to help other ethnic Poles obtain mortgages, the Polish & Slavic Federal Credit Union today has 21 branches in New York, New Jerseyand Illinois, Pennsylvaniaan operations center Fairfield, New Jersey and a mortgage center in New Britain, Connecticut. In addition, PSFCU offers mortgage loans on properties located in Florida. Caisse members can access its services through online banking, accessible via the www.psfcu.com website, or through the PSFCU mobile app, or use a mobile branch, a specially equipped vehicle used at special events, providing all the services available in a traditional brick-and-mortar location. Through its scholarship program, PSFCU has so far awarded more than six million dollars to more than 5,100 students. The 46-year-old credit union has over $2.5 billion active and serves nearly 112,000 members.

SOURCE Polish and Slavic Federal Credit Union

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