Baruch College Presents Kam Wong with 2011 President’s Medal
NEW YORK, NY, October 17, 2011 -- The President’s Medal will be presented to Kam Wong, president and CEO of the Municipal Credit Union (MCU) of New York, during a cocktail reception scheduled from 6 to 8 p.m. on Nov. 14. The reception, which will be take place on the 23rd Floor of MCU’s main office, located at 22 Cortlandt St., will also celebrate Baruch’s Asian-American alumni.
Baruch College President Mitchel B. Wallerstein will present the 2011 President’s Medal to Mr. Wong, who will be celebrating his 30-year anniversary of graduating from Baruch College. Like so many other Baruch alumni, his path to Baruch was one of great hardship and challenge, followed by hard work and success.
Mr. Wong’s story started in Hong Kong, where he was born and lived until the age of 19 when he and his family immigrated to the United States. He then earned his B.B.A. degree in accounting from Baruch College. Upon graduation, he started his career in accounting positions at two other financial institutions before coming to Municipal Credit Union in 1981. In 1988, Mr. Wong became MCU’s Chief Financial Officer, a position in which he was a chief architect of the credit union’s solid fiscal framework and policies which have kept MCU and its members in good standing over the years.
In 2001, Mr. Wong completed his M.B.A. in finance at Dowling College with a 4.0 grade point average while meeting his fiscal responsibilities of the then $914 million credit union. On September 11, 2001, MCU, whose corporate offices are directly across the street from Ground Zero, lost its data center and connectivity in the downtown Manhattan area and went into disaster recovery mode. This crisis was unprecedented in its magnitude, and its impact on both MCU and other financial institutions located in the financial center of the world. MCU’s recovery was led by Mr. Wong who, early in 2002 was named Chief of Staff in addition to his role as Chief Financial Officer.
In 2006, Mr. Wong was named the credit union’s President, and in 2007 he assumed the role of Chief Executive Officer. Today, Municipal Credit Union has an asset size of more than $1.6 billion-extraordinary growth of 66 percent since that most challenging year of 2001, during which the credit union continued to serve its members in spite of all of the 9/11 aftermath.
WHAT: Baruch College President’s Medal Reception
WHEN: Monday, November 14
6:00 p.m. - 8:00 p.m.
WHERE: New York Municipal Credit Union
22 Cortlandt St., 23rd Floor, New York City
For more information or to obtain press passes, please contact:
Manny Romero, firstname.lastname@example.org, (646) 660-6141